Conversely, when shared values are absent or when trustee and trustor are unsure of each other's values, free exchange of knowledge and information is unlikely. |
At the end of the agreement, the trustee will have to transfer the assets he is holding to a beneficiary designated by the trustor. |
If one thinks that it matters only whether not how the trustor will be motivated to act, then one could assume that social constraints and self-interest will do the job as well as a moral disposition. |
If trust were only justified when the trustor could produce legitimate reasons for why the trustee is trustworthy, then cooperation with justified trust would not be a whole lot easier than cooperation without it. |
The supreme body is the trustor or his legal successor, the owner of the trustor rights. |
Trusts can be incorporated or formed into limited liability companies, with the business entity acting as both trustor and trustee. |