GLOSSARY OF TERMS
settlor:
original owner of
property
allodial title: full ownership to property and title
trustee: person to whom property is transferred for the benefit of another
beneficiary: the person for whose benefit the trust is created
legal interest: has legal title of goods
equitable interest: what the beneficiary has
the trust instrument: the document in which the details of the trust are set out
trust property: subject of the trust
allodial title: full ownership to property and title
trustee: person to whom property is transferred for the benefit of another
beneficiary: the person for whose benefit the trust is created
legal interest: has legal title of goods
equitable interest: what the beneficiary has
the trust instrument: the document in which the details of the trust are set out
trust property: subject of the trust