Knowledge base

Glossary

Settlora person establishing a trust by concluding a trust agreement. A settlor undertakes to grant their property for the disposal of a trustee, who disposes of it to the benefit of beneficiaries indicated by the settlor.

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FAQ

What is the ownership function of intergenerational succession?

Every owner of an item or right is entitled to dispose of them (e.g. sell them) if they are disposable, as well as to draw financial benefits therefrom (e.g. in the form of a rent for a real property lease or the sale price of a car). Therefore, the transfer of ownership (for instance, in the case of succession) of items or rights is connected with transferring these two entitlements, which means that we ourselves lose them.

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