Questions and Answers
Who is responsible for managing and administering a trust?
Trustee
What is the term used for the person who establishes a trust?
Trustor
In a fiduciary relationship, who justifiably vests confidence, good faith, reliance, and trust in another?
Trustor
What is the term used for the person for whose benefit the trust has been created?
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According to the Civil Code of the Philippines, which party gives the right to hold and invest assets or property on behalf of a third party in a fiduciary relationship?
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What is the term used for the person who transfers the property to the trust?
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According to the Civil Code of the Philippines, who is responsible for managing and administering a trust?
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In a fiduciary relationship, who is known as the beneficiary?
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What is the term used for the entity with whom the confidence is reposed as regards the management of a property for the benefit of another person/entity?
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Who gives to a person or organization, known as the trustee, the right to hold and invest assets or property on behalf of a third party in a fiduciary relationship?
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