Trusts trace their origins to the feudal system in thirteenth-century England. The use of a trust grew out of the king granting use of his land to feudal overlords. The idea of giving to another person the legal ownership of property, not for the benefit of the recipient, but rather for the benefit of others has evolved over the centuries into what has become known as a trust.
Today, the use of trusts has become an enormously popular tool in financial and estate planning, especially with the development of modern trust laws.
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