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Trusts Law Guide, Resources & information

The law of trusts and estates is generally conceived the body of law which governs the management of personal affairs and the inclination of property of an individual in prevision and the event of such person's inability or death, also known as the law of successions in civil law systems. Trusts may also allow people a certain limited amount of control of how the amount held by the trust is handled.

What is an estate?Basically an estate is comprised of the tangible assets of real and personal property which belong to a natual person and must either escheat to the state upon the death of person, be beqeathed through a will or transferred intestate (without a will).

Its techniques are also used to fulfil the wishes of philanthropic bequests or gifts through the creation, maintenance and supervison of charitable trusts. In some jurisdictions, such as the United States, it overlaps with the area that has been come to be known as elder law that deals not only with estate planning but other issues that face the elderly, such as home care, long term care insurance or social security or disability benefits.

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