ABSTRACT
According to the Black’s law dictionary, 6th edition trust property is defined as any money or property set aside as a trust for the benefit of another and held by a trustee. The trustee is the person vested with the right to hold property in trust on behalf of another called the beneficiary.
The essence of trust relationship is to enable a testator/ settlor who own a legal estate to be able to cater for his immediate family members or his dependants after his demise. For a trust relationship to be properly constituted, the trust property must be vested in the trustee. The legal link between the trustee and the trust property is the act of vesting the trust property in the trustee. Where this has been properly done, the trustee will be able to deal with the trust property accordingly.
A beneficiary can only lay claim to a trust property that has been properly vested in the trustee. Hence the necessity of examining the legal link between the trust property and the trustee under the Nigerian legal system is sine qua non in order to be able to establish the scope of the operation of trustees in administering trust property under a trust relationship.
BACKGROUND OF THE STUDY
Empowerment is a management practice of sharing information, rewards, and power...
BACKGROUND OF THE STUDY
Academic advising or counseling is said to be key to student success and academic achievements....
Background to the study
Socio-economic background or status refers to a person’s position in a given group, societ...
Abstract
Our risk exposures are influenced by our economy, lifestyles, psychical well being, occupation, environment et...
Abstract
The rural poor are really non-beneficiaries of the enormous development efforts of the past three decades. Thi...
EXCERPT FROM THE STUDY
An overview of the principle of democracy reveals the pursuit of public interest as a cardinal feature of democrac...
ABSTRACT
Soil water characteristics are critical hydraulic properties governing soil water availability and movement in soils. Sustainabl...
BACKGROUND OF THE STUDY
The Fulani are the biggest ethnic group in the Sahel, with a population of 20 t...
Abstract
This study investigated the methods and resources for teaching economics in senior secondary schools in few sel...
BACKGROUND OF THE STUDY
Small and medium firms, often known as SMEs, provide a significant contribution...