Trust

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What is a trust?

"The subject matter of trusts...is evenly divided between creation and administration. The creation portion of trusts can be summarized by a definitional point of view; i.e., the elements of a trust (res, trustee, trustor, beneficiary and trust intent) cover the subject. Like offer, acceptance and consideration elements of contracts, the elements of a trust serve as the overview of the creation of the trust. The administration part of a trust, on the other hand, consists of a series of duties which can each be approached with the same technique used in discussing negligence issues in the subject of torts: Duty, Breach, Causation, Damages and Defenses.

...The courts [have] left room to allow the subject [of trusts] to grow. Efforts to codify and make certain have resulted in a Restatement (Restatement, Second and Third, Trusts) rather than a Uniform Code. While Wills was predominately based on statutes, Trusts is based more upon case law. Trusts is the child of the Courts of Equity and shows the markings of that ancestry: a greater emphasis upon broad principles than upon specific rules, greater uncertainty at the border areas, and case-by-case determination of matters rather than a clear cut dividing line drawn in advance to resolve all matters.

While Wills [like Christ's or the Father's Will] focus upon what part of the estate is distributed to whom, Trusts focus upon the duties of the person making the distribution and how distribution is achieved.

A trust is an intentionally created fiduciary relationship with regard to property in which the legal title is in the trustee, but the benefits of ownership is in another person, the beneficiary. The Trust relationship imposes fiduciary duties upon the trustee for the benefit of the beneficiary. These fiduciary duties are the life blood of the relationship.


There are two basic types of trusts: living trusts and testamentary trusts.

A living trust or an "inter-vivos" trust is set up during the person's lifetime.
A Testamentary trust is set up in a will and established only after the person's death when the will goes into effect.

A charitable trust allows a donor to set assets aside for one or more charities. There are two different types of charitable "split-interest" trusts which "split" the assets between a charitable and noncharitable beneficiary.:

  • charitable remainder trusts (CRTs) and
  • charitable lead trusts (CLTs).

An irrevocable trust is a trust that can't be modified or terminated without the permission of the beneficiary. The grantor, having transferred assets into the trust, effectively removes all of his or her rights of ownership to the assets and the trust.

The center of the trust concept is easy to define and recognize; its margins are quite obscure. Among the problem areas are the following:

There are other relationships which are similar in one way or more ways to a Trust - agencies, bailments, partnerships, personal representatives status (executor, administrator, guardian, conservator, committee), third party beneficiary contracts, assignments, mortgages, equitable charges and liens. Distinguishing these relationships from a Trust helps one to see the general areas of the trust field, but does not clearly define what a Trust is.

Trust is a broad category, like the term "clothing". A particular trust may be designated for a particular purpose, but may be inappropriate for other uses, just like a pair of shoes protects the feet, but will not satisfy the dictates of modesty, and a pair of coveralls will protect from arrest for indecent exposure, but will not keep the hands and feet warm. Both coveralls and the shoes are "clothing". Similarily, a "charitable trust" and a "private trust" are both trusts, although opposites. The word Trust may be modified by words indicating any of a greater number of dimensions; e.g., a spend-thrift trust is one which contains provisions limiting the assignability of the beneficial interest. It could also be a living or a testamentary trust. It could be revocable or irrevocable.

A trust arises when the owner of property separates the benefits from the burdens of ownership by giving them to different people. Normally the benefits and burdens of property ownership are in the same person; for example the owner of an apartment house would be entitled to collect rents (a benefit) and would be required to make repairs and pay taxes (burdens). The owner would then receive a net benefit to have a net loss. If the owner wanted to separate the benefits and burdens, he could create a trust by delivering legal title to one person (the trustee) and the equitable (or beneficial) title to another (the beneficiary). The trustee would then have duties imposed upon her by the terms of the trust instrument and by general trust law. The beneficiary would have only the benefits (perhaps reduced slightly by the trustee's fees). The trust would have the power (unless denied by the trust instrument) and perhaps even the duty (perhaps even if prohibited by the trust instrument) to sell the apartment house and reinvest the proceeds for the benefit of the beneficiary.

It is the separation of the legal title and the equitable title (i.e., the "ownership" which would have been protected by the respective courts of law and equity) which provides the poles between which the fiduciary duty the electricity of a trust relationship flows. The Trust is a relationship which requires the existence of some property interest, the "res"."

Excerpted from: Wills and Trusts in a Nut Shell, by Robert L. Mennell, West Group, a Thomson company, 1994, pages 169-173. Study series on trusts of the Church

His Holy Church on Trusts
See: Study page Index
See: Index His Church Trusts
See: Equity and Trusts
See: Church Trusts
Factors of a Sham Trust see: Sham Trust
His Church Trust Explained part 1
His Church Trust Explained part 2


Trust | Sacred Purpose Trusts
Auxiliary | Ex officio |
Trusting in the Kingdom
Friends_of_His_Church |
COM | CORE | Elders
Family trusts | Creature
Trustees Delegates and Agents
Agency vs Trust |
Unincorporated association
Corporation Sole
Corporation
LLC | Golem
Tithing | Why Congregate | Slothful |
Study | Kingdom Business | FEMA |

Economy | Spiritual Economics | Capitalism | Socialism | Divers_lusts | Business | Kingdom Business |
Welfare | Surety | Temples | Temple of Diana | Temple in Jerusalem | Seven Men |
Money Audio | Real Money | Money_can_be_anything |
Debt Money | Money as debt quotes | Bitcoin |
Cashless | Money | I paid in | Commodity money | Value |
Mammon | Covet | Merchandise | One purse | Road Map |
Golden calf | Temples | Treasury | Moneychangers |
The Bank of the Golden Calf | Study audio
Seven men | Reserve fund | Ephesus | Tithe |
Sabbath | Credit unions | Thy first love |
HHC Money vs Mammon > >Audio |
Conversion vs Reconversion > >Audio |

Trust ideas

The Bible talks a lot about trust. The words meaning "trust" appear in numerous forms hundreds of times.

One Hebrew word is batach [1] which means "to trust, trust in" or "to have confidence". It is without the Mem we see in mibtach.


The word mibtach [2] has the letter Mem which has to do with the flow of something as we see in the word Altars, tribute,tithe and even the word for Egypt, Mitsrayim.

Or another word chacah[3] meaning to put trust in or confide in someone or something.

And the word yachal[4] which is translated trust and hope.

Ministers of trust

The relationship between man and God is not the same as our relationship with man and man. While we may trust one another, the trust between us and God is not the same.

The Ministers of God, like the Levites, had a job to do. Their job description included the responsibility to lead the people so that they learned to trust God. As ministers their job is to get people to trust the Holy Spirit of God. Ministers of God should seek no personal loyalty of the people to them or even dependence upon them. The temptations of Jesus Christ are faced by every minister of Christ.

The Golden calf was a reserve of wealth deposited in society to bind them together. The Levites received the contribution of the people, yet they were not treasures of the people but servants of God and His spirit.

While the world offers entitlements, the ministers of God who are called out to serve His purposes offer no entitlements. To receive from God's table you must ask[5], you must knock[6].

Moses and Jesus were in agreement because the precepts of God are the same today as they were yesterday. The "Church in the wilderness" which was the Levites who were called out by Moses, and the "Church appointed by Christ" -- both churches were to be separate from the world and belong to God. The Levites were to be separate from the people[7] while they served the tents of the congregations.

If ministers gather a congregation around them, they can be tempted to hold a position of respect which may give them authority in the mind of the people. While they are servants of God, they must also remain in a position of service. People often have a tendency to put people on a pedestal where vanity may creep in and corrupt the minister.

A minister may actually covet their congregation and the attention they give and become possessive of their position of honor like the apostles began to do as they sought to sit at the right hand or the left of Christ in the kingdom.

The Kingdom of God is often the antitheses of the kingdoms or governments of the world and even the modern Church.

One of the temptations all ministers must face is the temptation of the people's trust in them. Saul was a great man who defended the people and fought for justice. But the voice of the people chose to give him power. That power corrupted Saul which lead to the Saul Syndrome.

While as ministers, we are not kings, but the same principle and temptations may apply to us if we are not careful. People have a natural tendency to put their ministers on a pedestal of influence. This subtle path of praise and loyalty can open the door to vanity and corruption.

Ministers should be on guard to not encourage faith in themselves but God only. We may serve the people as a father serves his children, but we are not fathers to the people we serve. We serve Christ together with a brotherhood of fellow ministers. Our loyalty is not to the people we serve but to the righteousness of God.

Being a minister of Christ is not a popularity contest. We are not trying to win the hearts of the people to us, but to Christ. If they do not come to serve one another, then they do not know Christ. But the minister serves Christ by turning many congregations into His kingdom through a network of service through his fellow ministers.

We have seen ministers isolate themselves and focus on their congregation to the detriment of both. An isolated minister thinks he is serving his congregation, but he is actually making them dependent upon him.

It is a great but subtle temptation for a minister to covet the congregation he serves. Without knowing it, he may begin to turn them into spiritual, emotional and even financial bread to serve his own needs and appetite and for his own corporeal and incorporeal personality.

Seeking the personal loyalty and trust of the members of a congregation weakens the people as they trust in their minister instead of God and His Holy Spirit. The people may look upon their minister, but it is not for them to look to him, nor depend upon their minister rather than God. There are no entitlements in the Kingdom of God.

When a congregation trusts in their minister, as soon as the minister is gone the congregations will fall apart.

No, we are to lead them to independence from us and dependence upon God. The minister should be the door to the rest of the network so they may learn to cast their bread upon the waters.

For several reasons, those in need should ask if they wish to receive.[8]

To ask something in the name of Christ is to come together in the name of, or character of, Christ; it is to come to serve,[9], not to be served.[10]

Trust in God

2 Samuel 22:3 The God of my rock; in him will I trust: he is my shield, and the horn of my salvation, my high tower, and my refuge, my saviour; thou savest me from violence.
2 Samuel 22:31 As for God, his way is perfect; the word of the LORD is tried: he is a buckler to all them that trust in him.
2 Kings 18:22 But if ye say unto me, We trust in the LORD our God: is not that he, whose high places and whose altars Hezekiah hath taken away, and hath said to Judah and Jerusalem, Ye shall worship before this altar in Jerusalem?
1 Chronicles 5:20 And they were helped against them, and the Hagarites were delivered into their hand, and all that were with them: for they cried to God in the battle, and he was intreated of them; because they put their trust in him.
Psalms 7:1 « Shiggaion of David, which he sang unto the LORD, concerning the words of Cush the Benjamite. » O LORD my God, in thee do I put my trust: save me from all them that persecute me, and deliver me:
Psalms 16:1 « Michtam of David. » Preserve me, O God: for in thee do I put my trust.
Psalms 18:2 The LORD is my rock, and my fortress, and my deliverer; my God, my strength, in whom I will trust; my buckler, and the horn of my salvation, and my high tower.
Psalms 18:30 As for God, his way is perfect: the word of the LORD is tried: he is a buckler to all those that trust in him.
Psalms 20:7 Some trust in chariots, and some in horses: but we will remember the name of the LORD our God.
Psalms 25:2 O my God, I trust in thee: let me not be ashamed, let not mine enemies triumph over me.
Psalms 40:3 And he hath put a new song in my mouth, even praise unto our God: many shall see it, and fear, and shall trust in the LORD.
Psalms 52:8 But I am like a green olive tree in the house of God: I trust in the mercy of God for ever and ever.
Psalms 55:23 But thou, O God, shalt bring them down into the pit of destruction: bloody and deceitful men shall not live out half their days; but I will trust in thee.
Psalms 56:4 In God I will praise his word, in God I have put my trust; I will not fear what flesh can do unto me.
Psalms 56:11 In God have I put my trust: I will not be afraid what man can do unto me.
Psalms 62:8 Trust in him at all times; ye people, pour out your heart before him: God is a refuge for us. Selah.
Psalms 73:28 But it is good for me to draw near to God: I have put my trust in the Lord GOD, that I may declare all thy works.
Psalms 91:2 I will say of the LORD, He is my refuge and my fortress: my God; in him will I trust.
Psalms 141:8 But mine eyes are unto thee, O GOD the Lord: in thee is my trust; leave not my soul destitute.
Proverbs 30:5 Every word of God is pure: he is a shield unto them that put their trust in him.
Isaiah 36:7 But if thou say to me, We trust in the LORD our God: is it not he, whose high places and whose altars Hezekiah hath taken away, and said to Judah and to Jerusalem, Ye shall worship before this altar?
Isaiah 50:10 Who is among you that feareth the LORD, that obeyeth the voice of his servant, that walketh in darkness, and hath no light? let him trust in the name of the LORD, and stay upon his God.
Jeremiah 46:25 The LORD of hosts, the God of Israel, saith; Behold, I will punish the multitude of No, and Pharaoh, and Egypt, with their gods, and their kings; even Pharaoh, and all them that trust in him:
Mark 10:24 And the disciples were astonished at his words. But Jesus answereth again, and saith unto them, Children, how hard is it for them that trust in riches to enter into the kingdom of God!
2 Corinthians 1:9 But we had the sentence of death in ourselves, that we should not trust in ourselves, but in God which raiseth the dead:
2 Corinthians 5:11 Knowing therefore the terror of the Lord, we persuade men; but we are made manifest unto God; and I trust also are made manifest in your consciences.
1 Thessalonians 2:4 But as we were allowed of God to be put in trust with the gospel, even so we speak; not as pleasing men, but God, which trieth our hearts.
1 Timothy 4:10 For therefore we both labour and suffer reproach, because we trust in the living God, who is the Saviour of all men, specially of those that believe.
1 Timothy 6:17 Charge them that are rich in this world, that they be not highminded, nor trust in uncertain riches, but in the living God, who giveth us richly all things to enjoy;
Hebrews 2:13 And again, I will put my trust in him. And again, Behold I and the children which God hath given me.

Trust and Faith

Chapter 14. of the book The Covenants of the gods
Trust vs Faith
Audio http://keysofthekingdom.info/COG-14.mp3
Text http://www.hisholychurch.org/study/gods/cog14tvf.php

Purpose of Church is the Purpose of the King http://www.hisholychurch.org/purpose.php


Study series on trusts of the Church

See: Study page Index

http://www.hisholychurch.org/study/index.php

See: Index His Church Trusts

http://www.hisholychurch.org/study/trusts/index.php

See: Equity and Trusts

http://www.hisholychurch.org/study/trusts/equity.php

See: Church Trusts

http://www.hisholychurch.org/study/trusts/trustsch2.php

Factors of a Sham Trust see: Sham Trust

http://www.hisholychurch.org/study/trusts/shamtrust.php

His Church Trust Explained part 1

http://www.hisholychurch.org/study/trusts/trustx1.php

His Church Trust Explained part 2

http://www.hisholychurch.org/study/trusts/trustx2.php

His Church Formation Packet

Contains Three Step Plan to establish a Church Congregation of Record.
http://www.hisholychurch.org/declarations/church/churchpacket.pdf

Church Packet individual forms

Declaration of Sacred Purpose Form
http://www.hisholychurch.org/declarations/church/DeclarationofSacredPurposeA.pdf
Notification of Ministry Form
http://www.hisholychurch.org/declarations/church/NotificationofMinistryInformationA.pdf
Annual Report Form
http://www.hisholychurch.org/declarations/church/AnnualReportA.pdf

His Church Guidelines

Contains 20 basic guidelines for the formation of a Church Congregation of Record.
http://www.hisholychurch.org/declarations/church/Guidelines1-20.pdf

His Church Ministrative Guidelines

Contains the basic Ministrative Guidelines for the procedures of a Church Congregation of Record or CORE.
http://www.hisholychurch.org/declarations/church/GuidelinesMinistrative.pdf

Sacred Purpose Trust

Agency vs Trust

What is a Trust? What isn't a Trust?


Join The Living Network of The Companies of Ten
The Living Network | Join Local group | About | Purpose | Guidelines | Network Removal
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Footnotes

  1. 0982 ^חטב^ batach \@baw-takh’\@ a primitive root; v; AV-trust 103, confidence 4, secure 4, confident 2, bold 1, careless 1, hope 1, hoped 1, ones 1, sure 1, women 1; 120
    1) to trust
    1a) (Qal)
    1a1) to trust, trust in
    1a2) to have confidence, be confident
    1a3) to be bold
    1a4) to be secure
    1b) (Hiphil)
    1b1) to cause to trust, make secure
    2) (TWOT) to feel safe, be careless
  2. 04009 ^חטבמ^ mibtach \@mib-tawkh’\@ from 0982; n m; AV-confidence 9, trust 4, sure 1, hope 1; 15 1) trust, confidence, refuge 1a) act of confiding 1b) object of confidence 1c) state of confidence, security
  3. 02620 ^הסח^ chacah \@khaw-saw’\@ a primitive root; v; AV-to trust 35, to make a refuge 1, have hope 1; 37
    1) (Qal) to seek refuge, flee for protection 1a) to put trust in (God), confide or hope in (God) (fig.)
  4. 03176 ^לחי^ yachal \@yaw-chal’\@ a primitive root; v; AV-hope 22, wait 12, tarry 3, trust 2, variant 2, stayed 1; 42 : 1) to wait, hope, expect 1a) (Niphal) to wait 1b) (Piel) 1b1) to wait, await, tarry 1b2) to wait for, hope for 1c) (Hiphil) to wait, tarry, wait for, hope for
  5. : Matthew 21:22 And all things, whatsoever ye shall ask in prayer, believing, ye shall receive.
    John 16:24 Hitherto have ye asked nothing in my name: ask, and ye shall receive, that your joy may be full.
    James 4:3 Ye ask, and receive not, because ye ask amiss, that ye may consume it upon your lusts.
    1 John 3:22 And whatsoever we ask, we receive of him, because we keep his commandments, and do those things that are pleasing in his sight.
  6. Matthew 7:7 Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you:
    Luke 11:9 And I say unto you, Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you.
    Luke 13:25 When once the master of the house is risen up, and hath shut to the door, and ye begin to stand without, and to knock at the door, saying, Lord, Lord, open unto us; and he shall answer and say unto you, I know you not whence ye are:
    Revelation 3:20 Behold, I stand at the door, and knock: if any man hear my voice, and open the door, I will come in to him, and will sup with him, and he with me.
  7. : Numbers 3:12 And I, behold, I have taken the Levites from among the children of Israel instead of all the firstborn that openeth the matrix among the children of Israel: therefore the Levites shall be mine;
    Numbers 3:45 Take the Levites instead of all the firstborn among the children of Israel, and the cattle of the Levites instead of their cattle; and the Levites shall be mine: I am the LORD.
    Numbers 18:6 And I, behold, I have taken your brethren the Levites from among the children of Israel: to you [they are] given [as] a gift for the LORD, to do the service of the tabernacle of the congregation.
    Numbers 8:14 Thus shalt thou separate the Levites from among the children of Israel: and the Levites shall be mine.
  8. Matthew 7:8 For every one that asketh receiveth; and he that seeketh findeth; and to him that knocketh it shall be opened.
    Matthew 21:22 And all things, whatsoever ye shall ask in prayer, believing, ye shall receive.
    Mark 11:24 Therefore I say unto you, What things soever ye desire <154>, when ye pray, believe that ye receive <2983> them, and ye shall have them.
    Luke 11:10 For every one that asketh receiveth; and he that seeketh findeth; and to him that knocketh it shall be opened.
  9. Matthew 24:45 Who then is a faithful and wise servant, whom his lord hath made ruler over his household, to give them meat in due season?
    Luke 12:37 Blessed are those servants, whom the lord when he cometh shall find watching: verily I say unto you, that he shall gird himself, and make them to sit down to meat, and will come forth and serve them.
    Luke 17:7 But which of you, having a servant plowing or feeding cattle, will say unto him by and by, when he is come from the field, Go and sit down to meat?
    Luke 22:27 For whether is greater, he that sitteth at meat, or he that serveth? is not he that sitteth at meat? but I am among you as he that serveth.
  10. John 16:24 Hitherto have ye asked nothing in my name: ask, and ye shall receive, that your joy may be full.
    James 4:3 Ye ask, and receive not, because ye ask amiss, that ye may consume it upon your lusts.
    1 John 3:22 And whatsoever we ask, we receive of him, because we keep his commandments, and do those things that are pleasing in his sight.
    Luke 12:37 Blessed [are] those servants, whom the lord when he cometh shall find watching: verily I say unto you, that he shall gird himself, and make them to sit down to meat, and will come forth and serve them.
    Luke 16:13 No servant can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon.


Building A Sacred Trust

Trust | Sacred Purpose Trusts
Auxiliary | Ex officio |
Trusting in the Kingdom
Friends_of_His_Church |
COM | CORE | Elders
Family trusts | Creature
Trustees Delegates and Agents
Agency vs Trust |
Unincorporated association
Corporation Sole
Corporation
LLC | Golem
Tithing | Why Congregate | Slothful |
Study | Kingdom Business | FEMA |