Trust structure

What is a trust and how does it work? Can trust have multiple trustees? How does the trust work? The structure of the Trust. Includes organisational structures. Coronavirus information.

Information on the coronavirus pandemic for our patients and visitors. While the basic structure of a trust remains pretty much the same, there are several different types of trusts with different purposes and specifics. The five main types of trusts are living,. The trustee is legally liable for the debts of the trust and may use its assets to meet those debts. However, if there is a shortfall the trustee is responsible for the difference.

A trust is not a separate legal entity. Underpinning our governance arrangements are Acts of Parliament. A professional trust company may be independently owned or owned by, for example, a bank or a law firm, and which specializes in being a trustee of various kinds of trusts.

The trust name refers to the ability to act as a trustee – someone who administers financial assets on behalf of another.

The assets are typically held in the form of a trust, a legal instrument that spells out who the. The Trust Management Committee is made up of the six Executive Directors together with Clinical Directors and other senior staff. Trusts are set up for a number of reasons, including: to control and protect family assets. An NHS trust is an organisational unit within the National Health Service in England and Wales, generally serving either a geographical area or a specialised function (such as an ambulance service).

In any particular location there may be several trusts involved in the different aspects of providing healthcare to the local population. To help understand the structure of these new Divisions, their leadership teams and services, we have created a series of structure charts which can be viewed here updated for July. Please note: The charts are still very much a work in progress. If you spot something wrong or an individual that needs adding in, contact adam. Assets in a bare trust are held in the name of a trustee.

If you have any queries about the structure of the organisation, please contact Rebecca Thompson, Corporate Affairs Manager. The law places accountability for the educational outcomes and financial diligence of the Trust firmly with the Trustees and the EHT as Accounting Officer. Trust structure Structure of Governance for NEMAT.

However, a fundamental principle for us is that effective governance is best delivered as close as possible to the point of impact of decisions. The Board of the South Eastern Trust is responsible for the strategic direction and management of the Trust ’s activities. It is accountable, through the chairman, to the Permanent Secretary at the Department of Health Social Services and Public Safety, and ultimately to the Minister for Health.

The trustee has a strict obligation to hold and manage the property for the exclusive benefit of the beneficiaries. Operation of the business is limited to the conditions outlined in the trust deed. A master trust is an investment vehicle that collectively manages pooled investments.

It can refer to the main fund where assets are pooled and collectively managed in a master-feeder fund.