Property Capable of Trust

Definition ∞ Property Capable of Trust describes assets that can be legally held and managed by a trustee for the benefit of another party, in accordance with trust law principles. This concept ensures that assets are administered responsibly and distributed as specified by the trustor. It provides a framework for asset protection and estate planning.
Context ∞ The concept of property capable of trust is gaining relevance in legal news as digital assets become more widely accepted for estate planning and wealth management. Jurisdictions are presently considering how cryptocurrencies and non-fungible tokens fit into existing trust law frameworks. A critical future development involves clearer legal interpretations to facilitate secure and compliant digital asset trust arrangements.