Purpose of a trust

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Enter the terms you wish to search for. All these planks somehow go together and make a boat. And that boat somehow can hold us, take us all on a voyage. The voyage of a busted-up community to a better future.

Our work provides a safe harbour where people whose lives have been battered by storms can find skills, purpose and inspiration. Storms such as worklessness, depression or addiction. We also stock both air and kiln dried Scottish hardwoods and sell firewood. In our workshops both boats and lives are re-built. AT GALGAEL, WE HAVE CREATED A CULTURAL ANCHOR POINT AROUND WHICH LOCAL PEOPLE ARE RE-KINDLING SKILLS, COMMUNITY AND A SENSE OF PURPOSE. We provide a space that serves as something of a safe harbour for those whose lives have been battered by storms such as worklessness, depression or addiction.

Annual General Meeting – Thurs 22 Sept Many thanks to all those who managed along to our AGM! Are you up for the journey? Our Journey On programme seeks to reconnect people with the best within themselves through positive learning journeys grounded in practical activity. Activities like working on producing our range of wooden products or working alongside crafts-folk to handcraft furniture, cooking in the kitchen, processing Scottish timber or helping out at a range of public events.

Some have had it rougher, some have had it easier but we all know what we’ve been through in our lives and we’re all in the same boat. There is more than meets the eye, Enterprises also provide a wide range of services such as: the Commissions team can design and build one off pieces. To find out more please click on the links below under “Work”. From 1st November 2016 all of Learning Schools Trust’s Academies will transfer to local multi-academy trusts. We wish them, their staff and students continuing success. A testamentary trust is created by a will and arises after the death of the settlor.

An inter vivos trust is created during the settlor’s lifetime by a trust instrument. Trusts and similar relationships have existed since Roman times. Trustees thus have a fiduciary duty to manage the trust to the benefit of the equitable owners. They must provide a regular accounting of trust income and expenditures. Trustees may be compensated and be reimbursed their expenses.

A trustee can be a natural person, a business entity or a public body. A trust in the United States may be subject to federal and state taxation. A trust is created by a settlor, who transfers title to some or all of his or her property to a trustee, who then holds title to that property in trust for the benefit of the beneficiaries. Trusts have existed since Roman times and have become one of the most important innovations in property law. An owner placing property into trust turns over part of his or her bundle of rights to the trustee, separating the property’s legal ownership and control from its equitable ownership and benefits. While the trustee is given legal title to the trust property, in accepting the property title, the trustee owes a number of fiduciary duties to the beneficiaries. There are strong restrictions regarding a trustee with conflict of interests.