trust establishment
[trʌst ɪˈstæblɪʃmənt]
nounpl: trust establishments
constituição de fideicomisso
1. The legal process or act of creating a trust, whereby a grantor transfers property to a trustee to hold and manage for the benefit of designated beneficiaries
The trust establishment required the grantor to sign legal documents transferring assets to the trustee.
A constituição de fideicomisso exigiu que o concedente assinasse documentos legais transferindo bens ao fiduciário.
2. The formal documentation and legal framework that creates a fiduciary relationship
Trust establishment involves drafting a trust deed that outlines the terms and conditions.
A constituição de fideicomisso envolve a elaboração de uma escritura que especifica os termos e condições.
Trust establishment is more common in English-speaking countries with common law systems. In Brazil and Portugal, civil law systems use different mechanisms like 'fideicomisso' or 'fidúcia'. However, trusts have become increasingly popular in Brazil for estate planning and asset protection, particularly among high-net-worth individuals and in international business contexts.
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