Another example of a trustee’s responsibility could be to invest property properly or sell it. This is particularly the case for pension funds, an important form of trust, where investors are trustees for folks’s financial savings until retirement. But trusts can also be arrange for charitable functions, famous examples being the British Museum or the Rockefeller Foundation. Real property, generally referred to as ‘actual property’, refers to ownership of land and things hooked up to it.
- For international elements of law, see international law; and United Nations.
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