United States trust law
E876604
United States trust law is the body of state-based legal principles and regulations governing the creation, administration, and enforcement of trusts, including rules on fiduciary duties, beneficiaries’ rights, and asset protection.
Statements (61)
| Predicate | Object |
|---|---|
| instanceOf |
body of law
ⓘ
trust law ⓘ |
| appliesIn | United States of America NERFINISHED ⓘ |
| distinguishedFrom |
United States contract law
ⓘ
United States corporate law ⓘ United States tax law ⓘ |
| enforcedBy |
courts of equity
ⓘ
state courts ⓘ |
| governedPrimarilyBy |
state common law
ⓘ
state statutes ⓘ |
| hasJurisdictionType | state law ⓘ |
| hasKeyDoctrine |
claflin doctrine
NERFINISHED
ⓘ
cy pres doctrine ⓘ equitable deviation ⓘ prudent investor rule ⓘ prudent person rule ⓘ |
| includesConcept |
beneficiary
ⓘ
duty of care ⓘ duty of impartiality ⓘ duty of loyalty ⓘ duty to diversify investments ⓘ duty to follow trust terms ⓘ duty to inform and account ⓘ fiduciary duty ⓘ settlor ⓘ trust ⓘ trustee ⓘ |
| influencedBy |
English trust law
ⓘ
Restatement (Second) of Trusts NERFINISHED ⓘ Restatement (Third) of Trusts NERFINISHED ⓘ Uniform Principal and Income Act NERFINISHED ⓘ Uniform Prudent Investor Act NERFINISHED ⓘ Uniform Trust Code NERFINISHED ⓘ |
| primaryPurpose |
enforcement of fiduciary obligations
ⓘ
orderly management of trust property ⓘ protection of beneficiaries ⓘ |
| regulates |
administration of trusts
ⓘ
appointment of successor trustees ⓘ asset protection trusts ⓘ beneficiaries’ rights ⓘ charitable trusts ⓘ choice of law for trusts ⓘ constructive trusts ⓘ creation of trusts ⓘ enforcement of trusts ⓘ inter vivos trusts ⓘ modification of trusts ⓘ private trusts ⓘ resulting trusts ⓘ revocation of trusts ⓘ special needs trusts ⓘ spendthrift provisions ⓘ termination of trusts ⓘ testamentary trusts ⓘ trust accounting ⓘ trust distributions ⓘ trust investment standards ⓘ trust situs ⓘ trustee liabilities ⓘ trustee powers ⓘ trustee removal ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
Spendthrift Trusts