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TITLE | Supreme Court Decision 2012Da25616 Decided March 10, 2016¡¼Gains¡½ [full Text] |
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Summary | |
[1] Purport of Article 51(3) of the former Trust Act that recognizes the waiver of the right to benefit In case where a truster designates oneself as a beneficiary under a trust agreement (so-called ¡°self-settled trust¡±), whether the truster/ beneficiary can be exempted from the duty of reimbursement of expenses that incurred by waiver of the right to benefit (negative) [2] Where a trustee¡¯s exercise of the right to claim reimbursement of expenses can be limited regarding a land development trust |