Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
complete voluntary trust
See executed trust.
involuntary trust
See constructive trust.
voluntary trust
1. A trust that is not founded on consideration. ( One having legal title to property may create a voluntary trust by (1) declaring that the property is to be held in trust for another, and (2) transferring the legal title to a third person who acts as trustee. 2. An obligation arising out of a personal confidence reposed in, and voluntarily accepted by, one for the benefit of another.