What is Modern Trust Law?
Feb 04, 2023Modern trust law refers to the legal rules and principles that govern the creation, administration, and termination of trusts in contemporary society. It encompasses the various statutes, judicial decisions, and customary practices that define the rights and duties of trust creators, beneficiaries, and trustees. Modern trust law has evolved over time to meet the changing needs of society and to address the various challenges posed by globalization, technological advancements, and economic changes. The precise nature of modern trust law depends on the jurisdiction in which the trust is established and administered.
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