Archive for category trusts

The Misuse of Trusts


Trusts have been used since Roman times as a means of transferring and preserving property. The word “trust” comes from the Latin word, “trucido” which means to kill, slaughter, or murder wantonly.

This nicely points out that trusts have always created as much havoc as they prevented, as donors of property changed their minds, trustees proved themselves greedy and dishonest, and beneficiaries were often killed so that the trustees or someone else could inherit

For these reasons, trusts fell out of use until the Roman Catholic Church revived them during the Crusades. Having somehow concluded that killing for Jesus made sense, they brought back the use of trusts as means to hold the property of Crusaders who rode to uncertain ends and for equally uncertain periods of time.

Read the full post here.

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