Förtrostar

Förtrostar is a Swedish term that translates to "trusts" in English. It refers to legal arrangements where an individual or entity, known as the trustee, holds and manages assets for the benefit of another party, the beneficiary. These arrangements are typically established through a legal document called a trust deed, which outlines the terms and conditions of the trust, including the powers and responsibilities of the trustee and the rights of the beneficiaries.

Trusts can be created for various purposes, such as estate planning, asset protection, or charitable giving. In Sweden, the legal framework surrounding trusts is primarily governed by the Marriage Code and the Inheritance Code, although specific provisions may also be found in other legislation. The concept of a trust as understood in common law jurisdictions is not directly mirrored in Swedish law, and Swedish legal structures often achieve similar outcomes through different means, such as foundations (stiftelser) or specific contractual agreements.

The trustee has a fiduciary duty to act in the best interests of the beneficiaries, managing the trust property prudently and impartially. Failure to fulfill these duties can result in legal consequences for the trustee. The duration and scope of a trust can vary significantly depending on the intentions of the settlor, who is the person or entity creating the trust. While the direct translation is "trusts," understanding the nuances of how such arrangements are legally structured and operate within the Swedish legal system is important.