Trust Agreement Svenska
The death of the founder is such a change in the circumstances that require a review on the basis of the appointment. The death of the founder is then also the time when the pawning of the mortgaged wealth in order is accomplished, that is to say separate from the founder. To the extent that the order rules comply with the other requirements of a Swedish foundation, the foundation complies with a Swedish family foundation. Trusts created by a court as part of the application of the law on the basis of so-called equity are characterized as constructive trust. The 1985 Hague Convention does not apply to constructive trusts. If no applicable law has been chosen, a trust is governed by the right to which it is most closely linked. A living trust may be designated as the beneficiary of certain assets that would otherwise be paid directly to the beneficiaries, regardless of what is indicated in a will. These include employer-sponsored pension accounts, such as 401 (K) s, individual pension accounts (IRAs), life insurance and certain bank accounts such as Payable on Death (POD) accounts. Living trusts may include trust accounts that are established in the life of the settlor and are not defined after death, as described in a will and final will. It is also possible that the ownership of the founder, which belongs to him, is separated and declares himself a trustee for the purpose to be fulfilled, the so-called declaration of trust. The imposition of a foreign legal personality in Sweden is conditional on it being a foreign legal entity.
In cases where foreign associations are considered or are treated as legal entities, Chapter 6 is set out. 8 HE. It does not matter whether the foreign legal personality is considered a legal person in his country of origin. It is therefore not excluded that a trust that is not a legal entity in its country of origin may be considered a foreign legal entity for the subjects in Sweden and therefore as a subject if the trust has income with source imputation in Sweden, see 6:11 IL. The administrator`s reservation of certain rights and powers and the fact that the agent may himself have rights as a beneficiary are not necessarily at odds with the existence of a trust. A trust company may be incorporated when a founder (settlor) assigns an agent (the agent) to manage real estate for the benefit of one or more beneficiaries (beneficiaries). The founder has a definitive position and may be a natural or legal person. The founder`s management intent is indicated in a trust deed. The Trust is a binding agreement between the founder and the agent, which creates links between the parties involved. The contract gives the administrator financial responsibility for the property. He must, in accordance with the instructions of the original client, discard and resell the trust property for specific purposes.
The appointment of the agent may result in broad powers, so that the agent is considered the owner of the property during his term of office. However, this property is only formal and the agent cannot claim ownership of the property for his own party. The costs associated with administration can be deducted from the property or on the return of the property.