The Research On Successive Beneficiary Of The Trust System

Modern trusts origins in England, as a result of its system superiority, receives the favor of all over the world, and is introduced and develops the consummation unceasingly in abundance by the various countries, becomes one worldwide basis system who melt the property management function and the financing function in a body. The beneficiary is not only an important subject of the trust relationship,but also the purpose and destination of trust behavior.The trust of successive beneficiary is one kind of the trust, origined in England people's Use upon Use.It is loyal to the trustee's will, making full use of the successive beneficiary possessing the trust benefits,and gaining a lot of trust purpose.The trust of successive beneficiary is that the settler declares there are two or more beneficiarie in sequence on the trust document When he sets the trust. Typical cases are the trust of principal and income separation and the living trust of replacement for testamentary.The system design of successive beneficiary of the trust can achieve the trust property's long-term and safe management, maintaining and increasing the value of assets, avoiding paying for high tax and so on. It can remedy the will inheritanee, devise and many other system's insufficiencies. Along with the high-speed developmen of our country's economy, the wealth owned by people is gradually inereases.It can be seen that successive beneficiary of the trust system in our country will certainly develop.But we cannot too be optimistic, there are very many questions also serious have hindered successive beneficiary of the trust system development, in the same time have restricted the entire trust industry's developmen for instance tax revenue aspect and trust term aspect.How to solves these problems, creating a broad development space for the trust system has become to a concern issue to scholar.Now, I want to put forward some proposals,1 hope lcan make my pygmy effort to the development of the successive beneficiary of the trust system in China.