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<copyright>Copyright 2008</copyright>
<lastBuildDate>Thu, 08 May 2008 04:00:00 -0500</lastBuildDate>
<pubDate>Fri, 04 Jul 2008 10:42:45 -0500</pubDate>
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<title>The Genesis of Trusts (?)</title>
<description><![CDATA[<p>The contemporary attitude is that we live in a young country.&nbsp; True in some respects.&nbsp; Yet we&nbsp;own&nbsp;the oldest contiguous institutions.&nbsp; Trusts are&nbsp;one aspect of this venerable inheritance: the&nbsp;trust is&nbsp;as old as the Common Law.&nbsp; Actually, a little older&nbsp;in some respects:&nbsp;the English trust finds its roots&nbsp;in the <a href="http://en.wikipedia.org/wiki/Trust_law">12th century</a>.&nbsp;&nbsp;</p><p>It all started when a few knights returned from their crusades to find that the&nbsp;&quot;friends&quot; to whom they had entrusted management of their feudal lands refused to return said lands. &nbsp;There was&nbsp;no mechanism at law to&nbsp;force the new untrustworthy owners to return the land so the law courts could do nothing.&nbsp; </p><p>Naturally, the&nbsp;irate knights went to the Lord Chancellor and &quot;asked&quot; for justice.&nbsp; One can imagine the scene: the silk-gowned Lord Chancellor looking down at the length of his shoe, then up at a selection of battle-worn armored thugs with gauntlets tapping hilts on chipped swords, over at the foppish, yawning new land-holder, then down again at&nbsp;the length of his&nbsp;shoe.&nbsp; Unsurprisingly, the&nbsp;knights who had nothing else to live for continually won in the Courts of the Chancellory&nbsp;and the concept of trustees and beneficiaries was&nbsp;born.&nbsp; I wager that trial by ordeal would have reached similar results so this must have been fate at work.</p><p>Tomorrow some interesting case law, I promise.&nbsp; </p><p>Chris Graham</p>]]></description>
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<category>Chancellor</category><category>Estate &amp; Trust</category><category>beneficiary</category><category>history</category><category>trustees</category>
<pubDate>Thu, 08 May 2008 04:00:00 -0500</pubDate>
<author>nonley@hullandhull.com (Hull &amp; Hull LLP)</author>

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