BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The person who creates the trust is the “settlor.” The settlor must transfer her property to the trust, which is then handled and administered by the trustee, or administrator, although the settlor may reserve specific powers to herself with respect to the trust.

Detailed explanation-2: -Definition: Trustee is an individual who is responsible for a property or an organization on behalf of some other individual or a third party. Description: Trustee is supposed to make profitable decision for the entity under it authorization.

Detailed explanation-3: -The Trust creator, sometimes known as the ‘Grantor’ or ‘Settlor’, is the person who started out as the owner of the property that is to be transferred to and held by the Trust. The Trustee is the person or financial institution (such as a bank or a Trust company) who holds the legal title to the Trust estate.

Detailed explanation-4: -The Trustees can be the author, domestic members or associates, professionals such as accountants, attorneys, etc. a panel of banks or a Trust company, or any mixture of these people.