A living trust is a legal document that allows a person to transfer the titles of property to the trust without relinquishing control of the property.
In the absence of clear title to property, the risk of litigation is high, says Gagan Banga, a director at Indiabulls.
In the 1830s two great judges, James Kent of New York and Joseph Story of Massachusetts, produced important commentaries on common law and equity, emphasizing the need for legal certainty and for security of title to property.
Even after decades, few people officially own the land or homes they occupy; the notion of holding title to property is scarcely found outside of rigged schemes serving a handful of elites.
Red tape and the lack of legal title to property, preventing its use as collateral, make it hard for the poor to establish or expand businesses.
Mr. Simon said that regardless of how title to property is held by an unmarried couple, it is essential that the couple have an agreement that addresses the issues that often arise when a relationship sours.
What separates the sprinter countries from the marathoners, says De Soto, is widespread ownership of (and title to) property.
Tony said that was usually accomplished by holding the title of the property until the loan was repaid.
Solution: Restructure the legal system to enable proper, streamlined titling of properties and businesses, which can then be leveraged and traded, thereby unlocking the value of the working poor's assets.
Yet the main reasons for the slowdown in investment are uncertainty about the future and the lack of proper legal title to property.Third time, not so luckyBuying the loyalty of different interest groups is easy when the pie is growing, but much harder when it is shrinking.
The primary effect of the Johnson decision was to remove the cloud of title, or the title to property, over the large number of state land grants on land which the indigenous title had not yet been taken away.
