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A trust is a relationship whereby property is held by one party for the benefit of another. A trust is created by a settlor, who transfers property to a trustee. The trustee holds that property for the trust's beneficiaries. Trusts exist mainly in common law jurisdictions and similar systems existed since Roman times.
An owner of property, that places property into trust turns over part of his or her bundle of rights to the trustee, separating the property's legal ownership and control from its equitable ownership and benefits. This may be done for tax avoidance reasons or to control the property and its benefits if the settlor is absent, incapacitated, or dead. Trusts are frequently created in wills, defining how money and property will be handled for children or other beneficiaries.
The trustee is given legal title to the trust property, but is obligated to act for the good of the beneficiaries. The trustee may be compensated and have expenses reimbursed, but otherwise must turn over all profits from the trust properties. Trustees who violate this fiduciary duty are self-dealing. Courts can reverse self dealing actions, order profits returned, and impose other sanctions.
The Jurisdiction of Guernsey is a possession of the Crown in right of Guernsey in the English Channel, off the coast of Normandy. The jurisdiction embraces not only all ten parishes on the island of Guernsey, but also the much smaller inhabited islands of Herm, Jethou and Lihou together with many small islets and rocks. The jurisdiction is not part of the United Kingdom, however defence and most foreign relations are handled by the British Government.
The name "Guernsey", as well as that of neighbouring "Jersey", is of Old Norse origin. The second element of each word, "-ey", is the Old Norse for "island", while the original root, Guern(s), is of uncertain origin and meaning.
St Peter Port Breakwater - (Location of 8 Bailiwick Records (Angler Fish, Couchs Sea Bream, Lesser Spotted Dogfish, Flounder, Smooth Hound, Tadpole Fish, Whiting and Ballan Wrasse)). As the records show, the St Peter Port breakwater is good fishing for many species. Located just passed Castle Cornet in the town of St Peter Port. The breakwater is a light house on the end of a pier. It offers easy access and safe fishing although it can be a very busy site due to this facts.
The guernsey is the mainstay of Guernsey's knitting industry which can be dated back to the late 15th century when a royal grant was obtained to import wool from England and re-export knitted goods to Normandy and Spain. Peter Heylin described the manufacture and export of "waste-cotes" during the reign of Charles I. The first use of the name "guernsey" outside of the island is in the 1851 Oxford Dictionary, but the garment was in use in the bailiwick before that.
The guernsey came into being as a garment for fishermen who required a warm, hard wearing, yet comfortable item of clothing that would resist the sea spray. The hard twist given to the tightly packed wool fibres in the spinning process and the tightly knitted stitches, produced a finish that would "turn water" and is capable of repelling rain and spray.
The guernsey was traditionally knitted by the fishermen's wives and the pattern passed down from mother to daughter through the generations. This is a practice which still exists today with the final finishing of the machine-knit parts completed by hand.
Trust Fund I know a couple who were in love Liven in the best of times The world blew up They would never know All the pain they never realized Sheltered from the world's every woe Living happy and politically correct Just buy it if you want it now Just get it if you need it in your life Now don't you worry if it all runs out Don't worry cause it never will I know a young girl living in the shadow of The kind of live she could never make She takes it all and gives it back in love To all the artists in her native state She is the angle of the disenchanted soul Just give it if it makes you smile Yeah just use it if you need in you life Now don't you worry should it all run out Don't worry cause it never will Please don't tell me that it's all ok I don't wanna here you tell me that it's ok I don't wanna see you given like a little kid I don't wanna here you talk about your cherry No no no no no Please don't tall me all about it woah Please don't tell me I don't wanna hear all your lies Lies lies lies Lies lies lies