As such, this comment will first explain why South Dakota is regarded as one of the best places to situs a trust, due in large part to its (1) repeal of the Rule Against Perpetuities ("RAP"), (2) lack of income or capital gains tax for individuals or trusts, and (3) favorable trust decanting, directed trust, and asset protection statutes for
trustors and trustees of South Dakota trusts.
In contrast, the creation of a trust does not always require the survival of the
trustors; nor does a trust's creation always legally require actual intent.
(2003) use the Social Values Orientations scale--a psychological questionnaire designed to measure trust--to classify people as "high" or "low
trustors" and find, in a different game, that high
trustors are both trusting and trustworthy, while low
trustors may be trusting but do not reciprocate others' trust.
The entrepreneurial function is one in which the intermediary induces the trust of several
trustors and combines these resources, ordinarily placing them in the hands of one or more other actors who are expected to realize gains for the original investors (Coleman, 1990, p.
Yet, according to Luhmann (1979), legal norms and sanctions constitute efficacious mechanisms for containing the risk, thus providing would-be
trustors with 'good reasons' for investing in trust relations.
One way that
trustors can make themselves vulnerable to trustees is by showing support for the trustees, without being able to monitor or control them.
section 55-3-30 recognizes that the foregoing options for modifying and terminating irrevocable trusts are not the exclusive means available to trustees,
trustors, and beneficiaries.
Thus, risk seems to be an unavoidable feature of trust while, at the same time,
trustors constantly try to find good reasons for believing that the risk they are prepa red to accept is low.
Although risky from the
trustors' point of view, trust creates and maintains the connectability of social interactions in a social system and, thus, plays an important role for the working of the system, whatever moral arguments social actors may advance.
Our thoughts are with their family and friends at this difficult time," he added on behalf of
Trustors.
This means Sangley Airport will be financed by what it described as a Standard Airport Trust, which will be held by the province of Cavite and Philippine government agencies as
trustors while investors will include state-owned financial institutions with CLSA acting as arranger.
In their bilateral model of trust repair, Kim, Dirks and Cooper (2009) contend that trust repair is the result of a negotiated process between
trustors and trustees to resolve discrepant beliefs about trustee's trustworthiness.