| Two bearer shares were allocated to Hemery and then transferred to trusts of which the two appellants and Baber were settlors. |
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| You would have no idea who the trust settlors were, what the assets were or where they came from. |
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| Pressure groups are calling on the government to publish its new central register of trusts, which names their beneficiaries and settlors. |
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| As a result, the rules that apply to affiliated persons may apply to a trust and its beneficiaries, settlors, or contributors. |
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| Another 20 states place significant limits on the fees that debt settlors can charge. |
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| More and more, trusts are being created by unrepresented settlors who seldom grasp the instrument's nuances. |
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| While settlors are prevented from appointing themselves as the only trustee, the rules do offer trustees more security than Common Law trusts, when it comes to personal liability. |
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| This is important for settlors who, for example, do not want younger generations to have this information until a particular time in the future. |
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| It is highly advisable for both settlors and trustees to seek qualified legal counsel prior to entering into a trust agreement. |
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