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trust

vr.tr.trust · thing-trust

Let an agent explain trusts factually by type, parties, duties and registration, without giving legal or tax advice on specific cases.

Thing Registry Society, people and institutions SOC.ECO
Bundle → Layer → Finding → QuestionsClassifiersWhat it isWhy it existsDistinguishing featuresWhat robots and AI may and may not doMoral aspectsOwnersLinks to other meta-modelsIdentity and identifiersDirect propertiesRecognitionCapabilities and actionsHazards and failure modesStandards and interfacesContext of useSources

Bundle → Layer → Finding → Questions Filled

4 bundles · 8 layers · 8 findings · 16 questions

Structure Which trust.

Type

Express, charitable.

Type

Trust type.

  1. What type of trust is it? definition
  2. Under which law? provenance

Parties

Roles.

Parties

Parties.

  1. Who are the settlor, trustees and beneficiaries? provenance
  2. What property is held? definition
Duties Trustee obligations.

Fiduciary

Obligations.

Fiduciary

Trustee duties.

  1. What duties do the trustees owe? definition
  2. How are they enforced? provenance

Reporting

Accounts.

Reporting

Accounts and reporting.

  1. What accounts must trustees keep? provenance
  2. Who can see them? boundary
Registration Transparency.

Register

Beneficial ownership.

Register

Trust registration.

  1. Must the trust be registered, and where? provenance
  2. Who can access the register? boundary

Charity

Charitable status.

Charity

Charitable trusts.

  1. Is it a registered charity? provenance
  2. What does the register show? provenance
Limits No legal advice.

Advice

Boundary.

Advice

Advice limit.

  1. Is the user asking how to set up or use a trust in their situation? boundary
  2. How should the agent refer them? action

Senses

Disambiguation.

Senses

Other senses.

  1. Is trust as confidence or an NHS trust meant? boundary
  2. Which entry fits? action

Classifiers Filled

Family
Thing Registry
Category
Society, people and institutions
Entry kind
noun.possession
Plane
SOC
Domain
SOC.ECO
Facets: substance
social
Facets: origin
conceptual
Facets: agency
inert
Facets: mobility
not-applicable
Facets: scale
not-applicable
Facets: affordances
observable
Other names and narrower kinds
active trust, blind trust, passive trust, charitable trust, public trust, implied trust, constructive trust, involuntary trust, resulting trust, direct trust, express trust, discretionary trust

What it is Filled

A legal arrangement in which property is held by one party (the trustee) for the benefit of another (the beneficiary), under terms set by the settlor or by law; forms include charitable, blind, public and implied trusts.

Why it exists Filled

Let an agent explain trusts factually by type, parties, duties and registration, without giving legal or tax advice on specific cases.

Distinguishing features Filled

  • Split between legal and beneficial ownership
  • Trustees owe fiduciary duties
  • Express or implied
  • Registration rules for beneficial ownership

What robots and AI may and may not do Filled

Must not

  • Act as trustee or move trust property without the trustees' authority.
  • Help use a trust to hide assets from creditors, tax authorities or courts.
  • Disclose beneficiaries' details beyond what the law requires.
  • Give legal or tax advice on a specific trust as if a lawyer.

Only with a human decision

  • Distributions to beneficiaries or changes to trust terms.

May

  • Explain how trusts work and the duties of trustees in general terms.
  • Help trustees keep records and reports they are required to keep.

Moral aspects Filled

  • Trustees hold power over others' property; breaches harm beneficiaries who may be children or vulnerable.
  • Trusts can be misused to hide wealth from public scrutiny.

Who is affected

  • Beneficiaries
  • Creditors
  • Charities and the public

Owners Filled

Steward

The trustees, under the terms set by the settlor and the supervision of courts.

Master systems

  • Trust registers and beneficial ownership registers where they exist
  • Charity registers

Links to other meta-models Filled

parent

  • oewn-13265007-n - registry parent class

related

  • legal arrangement - category
  • trustee and beneficiary - parties
  • property - object
  • trust (confidence) - another sense

What else AI and robots need to interact with it Filled

Identity and identifiers required Filled

  • Vercy registry: vr.tr.trust
  • Open English WordNet: oewn-13381671-n

Direct properties not applicable Not applicable

Not applicable

Plane SOC: no invented physical properties.

Recognition optional Filled

  • Trust deed naming parties
  • Types such as charitable or blind trust
  • Trust as confidence between people is another sense
  • A legal relationship recorded in a trust deed or arising by law.

Capabilities and actions required Filled

  • explain roles of settlor, trustee and beneficiary
  • check trust registration requirements
  • look up charitable trusts in registers
  • find professional advice

Hazards and failure modes required Filled

  • Breach of trustee duties
  • Use for concealment
  • Agents giving legal or tax advice

Standards and interfaces required Filled

  • Trust law in common law jurisdictions
  • Hague Trust Convention
  • Beneficial ownership registers (EU AMLD)
  • Charity law

Context of use required Filled

  • Managing property for others, succession planning, charity and holding assets in confidence.
  • express trusts
  • charitable trusts
  • blind trusts
  • implied and constructive trusts
  • public trusts

Sources Filled

  1. Open English WordNet 2024, synset oewn-13381671-n - sense and gloss of the concept
  2. Wiktionary: trust - word senses and usage

Open questions

  • Should trust types be separate entries?
  • How should registers be linked?
  • How should the confidence sense be split off?

Machine files

Card as JSON Specification Card backlog vercy.card/1

Provenance

thing registry research (pass 2) · unreviewed

Built from: models/things/publications/thing-trust/spec.json