The Historical Development and Application of Trusts

There is a popular saying regarding Trusts which is that "the limit of trusts is the imagination", given its known flexibility and application in terms of contracts and its success, brought about by the practical experience obtained from its development throughout history. This has led to the conclusion that this instrument, which is becoming more commonplace every day, is clearly useful in any activity, provided that these activities are legal and it is applicable to an infinite series of objectives, whether individual or collective, all for the common good.

One may say that the Trust Contract is extremely peculiar, not only for the characteristics and modality which it displays, but also this affirmation, for the greater part, becomes more meaningful if we examine its origins which date back to ancient Rome up until it passes into Common Law, which will be analyzed later.