Tag Archives: trust

Czech trust services

Principle of the trust: The trust patrimony is an legal institute formed in Anglo-Saxon legal system. Trust has been adopted by in some continental legal systems  including the Czech Republic. A trust results from an act whereby the settlor excludes part of his property to the patrimony constituted by contact or deed for particular purpose and which a trustee of the trust undertakes, to hold and administer the property. A trustee has the control and the exclusive administration of the trust, and the titles relating to the property of which it is composed are drawn up in his name. The trust, consisting of the property transferred in trust, constitutes a patrimony by appropriation, autonomous and distinct from that of the settlor, trustee or beneficiary. The trust is anonymous and none of them has any real right to the property. Any person may increase the trust by transferring property to it…

Read more