Court Uncourt Magazine - Volume V - Issue 7

In this issue

Will your family still be able to have the fruits of your hard-earned money after your death? Will your legacy continue? Trusts should be an essential part of planning anyone's assets. Trusts can mean that you can get the peace of mind with the fact that the funds are in a safe place and will be distributed quickly and swiftly to your beneficiaries after your death.
A trust can be established by transferring legal ownership to a trustee. The assigned trustee will manage the property on your behalf, and they will give the property over to the trustee on your behalf after the event of your death. There are many different types of trust, but mainly living and testamentary trust arises after death. A testamentary trust is a sort of trust that comes into effect after the expiration of the grantor. It means that throughout the lifetime of the grantor, the assets in the trust are not available to anyone else. A testamentary trust is very manageable and allows the grantor to set specific parameters. For example, the grantor could say that his or her beneficiary will not inherit any assets until his or her 18th birthday. On the other hand, a living trust can be altered by the grantor at any time and continues as a trust after the grantor's death.
In this issue of Court Uncourt, our lawyers will elaborate a broad range of legal matters including Legal Issues pertaining living vs. testamentary trusts, biometric authentication, Limitation funds, Licensing and monitoring of exchange businesses, Tender and Procurement law and many more. Through this information outlet, we intend to keep our readers updated on the latest legal developments around the world. Thank you, and we hope you have an insightful read of this issue of Court Uncourt.