Trust Law and Equity Principles Quiz

Understanding the Sacred Trust: Key Facts and Entities

• Under the law of Equity, the Trustee has duties and obligations determined by the Grantor.
• The Grantee becomes the Grantor when they have the intention to create a trust and benefit a beneficiary.
• The Grantee holds property and acts as the Grantor, intending to place the property into a trust.
• The Beneficiary, in terms of equity, is considered the true owner of the trust property and has beneficial use.
• The concept of the Sacred Trust can be traced back to biblical references in Genesis 1:27.
• God is seen as the Creator/Grantor, expressing intent and purpose in Genesis 1:26.
• God left the rules of nature and nature's God as the TruthFullness about this place.
• Our physical bodies are seen as the Beneficiary of the Sacred Trust.
• Our Spirit is considered the true owner of the trust property, the sacred gifts.
• Man is viewed as the sacred steward of the Earth and its creatures.
• The concepts of honor, trust, faith, and equity are central to the understanding of the Sacred Trust.
• The Sacred Trust is a simplified way of perceiving the relationship between God, humanity, and the Earth.

Test your knowledge of trust law and equity principles with this quiz. Explore concepts such as grantor intent, trustee obligations, and the equitable distribution of property. Challenge yourself and enhance your understanding of trust-related terms and their legal implications.