Actual beneficiaries may have other assets that they wish to protect from fiduciary property liabilities. In some cases, holding the title registered in a simple trust can achieve this goal. While a position of trust is not normally considered an entity, the law defines the term “person” to include a trust. The trust that arises when the settlor has the right of another person is therefore considered a person for the purposes of the GST. 2. the acquired asset (or an alternative asset value) is held in trust (the trust fund), so that, as noted above, the fund receives an economic share of the asset, there may be circumstances in which the agent acts in more than one security. B, for example, as an agent of certain activities and representing other activities. In such cases, the declaration must be made on the basis of the role of agent or trustee, if any. Over the years, there has been a lot of discussion about the real role of an agent, perhaps more in terms of simple trust. The community of law is not yet unanimous about the nature of the relationship between the agent and the economic beneficiary. The sole duty of a single agent would be to make the trust final, upon request and as instructed by the beneficiary, as provided by the trust instrument.
The sole agent has no independent authority, discretion or responsibility for the ownership of the trust. In such cases, the economic beneficiary reserves the right to control and direct the agent on all matters related to the trust. Holding a title registered on behalf of an agent can reduce the number of parties who must sign documents to complete a transaction. This is particularly useful for joint ventures with several participants. It is relatively easy to know who is listed as a rightful landowner in Ontario. This is due to the fact that the information relating to the registered property is a matter of public registration. These records can be accessed almost instantly online by people with electronic access to land registries and the public by participating in the appropriate land registry. Some individuals and businesses may not want the public to know that they own a property for data protection, security and/or strategy reasons.
Using a simple agent to keep the property registered on land is an effective way to preserve the anonymity of the true owner.