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Legal Terms – Illegal Trust
A trust that contravenes statutory provisions or public morality, rendering it invalid and unenforceable. Beneficiaries under such a trust cannot claim rights, and assets typically revert to the settlor or the state.
A trust that contravenes statutory provisions or public morality, rendering it invalid and unenforceable. Beneficiaries under such a trust cannot claim rights, and assets typically revert to the settlor or the state.
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