VATREG12700 - Entity to be registered: trusts and pension funds: definition of a trust
A trust is an arrangement for the holding and administration of property under which property is vested by the owner (settlor) in persons (trustees) who are to hold the property for, and on behalf of, someone else (바카라 사이트˜cestui que trust바카라 사이트™ or 바카라 사이트˜beneficiary바카라 사이트™).
Trustees may themselves be beneficiaries.
There may be one trustee or several, and a trustee may be a natural person or a corporate body.