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substantive trusts

Spanish translation: fideicomiso formal (formalizado mediante instrumento correspondiente)

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17:05 Feb 16, 2012
English to Spanish translations [PRO]
Law/Patents - Law (general) / TESTAMENTO
English term or phrase: substantive trusts
Se trata de un testamento. El epigrafe en el que aparece el término es el siguiente: "Residuary gift on substantive trusts".

Gracias todos de antemano.

Saludos
Pilar Guzmán
Local time: 02:14
Spanish translation:fideicomiso formal (formalizado mediante instrumento correspondiente)
Explanation:
Instrumentos como la escritura de fideicomiso en el que se estipulan los términos y condiciones.

Saludos.

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Note added at 55 mins (2012-02-16 18:01:05 GMT)
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Es decir, en el "substantive trust" se estipula quiénes van a ser los fideicomisarios, los beneficiarios, y demás disposiciones en cuanto a la administración del fideicomiso.

"Under a bare trust, a beneficiary has an immediate and absolute entitlement to the income and capital of the trust fund, in contrast to a substantive trust, where the assets are held by the trustees for beneficiaries in succession."

http://www.stepjournal.org/journal_archive/2009/june_2009/st...

"ll trusts can be categorized as either "special" or "simple". Simple trusts are commonly referred to as bare trusts, and sometimes as passive trusts. A special trust – perhaps better described as a ***substantive trust*** - is the type of trust that most private client practitioners will deal with on a regular basis. There is some form of trust instrument, usually a deed, which imposes active obligations on the trustees to deal with trust property for the benefit of the beneficiaries described in the instrument. A special trust can be oral (except in the case of a trust of land), but this is unusual."

http://www.osborneclarke.com/publications/services/tax/artic...

Selected response from:

M. Marta Moreno Lobera
Spain
Local time: 02:14
Grading comment
Muchas gracias por tu respuesta . Saludos
4 KudoZ points were awarded for this answer

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Summary of answers provided
4fideicomiso formal (formalizado mediante instrumento correspondiente)
M. Marta Moreno Lobera


  

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49 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
fideicomiso formal (formalizado mediante instrumento correspondiente)


Explanation:
Instrumentos como la escritura de fideicomiso en el que se estipulan los términos y condiciones.

Saludos.

--------------------------------------------------
Note added at 55 mins (2012-02-16 18:01:05 GMT)
--------------------------------------------------

Es decir, en el "substantive trust" se estipula quiénes van a ser los fideicomisarios, los beneficiarios, y demás disposiciones en cuanto a la administración del fideicomiso.

"Under a bare trust, a beneficiary has an immediate and absolute entitlement to the income and capital of the trust fund, in contrast to a substantive trust, where the assets are held by the trustees for beneficiaries in succession."

http://www.stepjournal.org/journal_archive/2009/june_2009/st...

"ll trusts can be categorized as either "special" or "simple". Simple trusts are commonly referred to as bare trusts, and sometimes as passive trusts. A special trust – perhaps better described as a ***substantive trust*** - is the type of trust that most private client practitioners will deal with on a regular basis. There is some form of trust instrument, usually a deed, which imposes active obligations on the trustees to deal with trust property for the benefit of the beneficiaries described in the instrument. A special trust can be oral (except in the case of a trust of land), but this is unusual."

http://www.osborneclarke.com/publications/services/tax/artic...



M. Marta Moreno Lobera
Spain
Local time: 02:14
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Native speaker of: Native in SpanishSpanish
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in this pair and field What is ProZ.com Project History(SM)?
Grading comment
Muchas gracias por tu respuesta . Saludos
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