Post
Topic
Board Announcements (Altcoins)
Re: Eternal Trusts blockchain platform for deferred purchases of future technologies
by
Sydneydexter
on 25/03/2018, 10:52:00 UTC
Well, what is a trust?
A trust is actually a kind of legal relations between two parties or more. These are the owner (settlor of a trust), who transfers their property or funds to the trustee under trust managing conditions. The trustee is recognized then as the owner of the transferred property or funds, but manages it only to fulfill the trust purpose or for the benefit of the third-party person who is the trust beneficiary. Also, there could be Enforcers and Protectors who oversee the actions of the trustee, so that they fully correspond with the initial goals of the settlor.

A trust is a perfect opportunity to protect one’s assets and to make a ‘smart’ last will instead of a traditional one with a limited range of management opportunities.

The discretionary trust is secure because the settlor cannot be deprived of their property for they settle it on the trust fully and forfeit all the rights to it. Large powers in managing the settlor’s property are vested to the trustee. Still, the trustee has no right to make use of the property they manage in order to pay their own personal debts or to skip from executing the trust purpose.

http://eternaltrusts.io/
Thank you for this information where can i find full information about road map and white paper ? i read only a glimpse in thread it looks like very interesting project.