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Voluntary Trust

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Voluntary Trust
A trust in which property is transferred to a beneficiary by a grantor who keeps legal title to the property. Despite this arrangement, the beneficiary has actual title and use of the property. See also: Revocable trust.


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The assembly also discussed a mechanism to set up a voluntary trust fund for the Eastern Mediterranean to help and support states affected by the 2006 oil slick.
Yury Fedotov, Executive Director of the United Nations Office on Drugs and Crime (UNODC), on Friday said that international support for the United Nations Voluntary Trust Fund for Victims of Trafficking, especially women and children was steadily growing two weeks after it was launched in New York.
It means that all victims of trafficking in Bahrain - whether women, children or labourers - could access financial support from a new UN Voluntary Trust Fund for Victims of Trafficking in Persons.
 
 
 
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