Trust is a legal relationship centered on trust property. Without trust property, the trust relationship will lose its foundation of existence, so the trustor must transfer the property right to the trustee when setting up the trust. This is a letter.
The fundamental difference between trust system and other property systems.
Property right refers to the right based on property interests. Except for the right of identity, reputation and name, any other right or property right that can be valued by money, such as property right, creditor's right, patent right, trademark right and copyright, can be used as trust property.
(3) interest management, the three parties in the trust relationship, the trustee takes his own name as the beneficiary, and disposing of the trust property is two important characteristics of the trust.
The trust relationship is multifaceted, including the principal, the trustee and the beneficiary, which is a characteristic of the trust. Moreover, the trustee manages and disposes the trust property in his own name, which is another important feature of the trust.
This trust relationship embodies five meanings: first, after entrusting the property to the trustee, the trustor has no direct control over the trust property; Second, the trustee manages the trust property entirely in his own name; Third, the trustee must manage and dispose of the trust property according to the wishes of the client; Fourth, this will is agreed in advance in the trust contract, and it is also the basis for the trustee to manage and dispose of the trust property.