The main effect of the Anglo-Saxon TRUST is the segregation of assets: the assets transferred form a separate asset with respect to the personal assets not only of the settlor, but also of the trustee, so that the restricted assets cannot be attacked by any creditors of the settlor or the trustee, nor even by those of the beneficiary.
A peculiar effect of the TRUST lies in the splitting of ownership: the ownership of the assets, together with the related rights, belong to the legal transaction of the TRUST which are managed by the trustee.
However, the assets intended remain segregated in the TRUST and, as already mentioned, become extraneous to the personal assets of both the settlor and the trustee. In fact, the TRUST is administered by the trustee solely in the interest of the beneficiaries identified exclusively by the settlor or for the pursuit of the purposes indicated by the same.
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