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VIDEO · 18 JANUARY 2023

Different Types Of Entities Lenders May Encounter: Trusts (Video)

Gowling WLG
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A trust is a relationship established pursuant to a document known as a trust deed, whereby one person (the settlor) conveys an asset to others (the trustees) to hold and manage that asset...

CanadaFinance and Banking
Matthijs Van Gaalen
Matthijs Van Gaalen
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A trust is a relationship established pursuant to a document known as a trust deed, whereby one person (the settlor) conveys an asset to others (the trustees) to hold and manage that asset on behalf of certain other persons (the beneficiaries).

In this video we discuss:

  • Trust deeds
  • Legal entity status

Transcript

I am Matthijs van Gaalen and I'm a corporate / commercial lending lawyer at Gowling WLG and you're watching video six of our video series entitled different types of borrowing entities. In this video we're going to review trusts.

A trust is a relationship established pursuant to a document known as a trustee whereby one person the settler conveys an asset to the others the trustees to hold and manage that asset on behalf of certain other persons, the beneficiaries. So there's the settler the trustees and the beneficiaries.

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