The origin of trust

The original trust behavior originated in the thousands of years of ancient Egypt wills wrote. 2000 BC, ancient Egypt some people set up a will, let his wife to inherit his heritage, and for the children of designated guardian, is also provided with a vertical will witness. The way to will entrust others processing property and make the heir to benefit practice is one of the earliest trust behavior nowadays found.

The concept of trust in the source "Rome law" in the "trust bequest" system. "Rome law" in Rome is the end of Empire, created by King Augus the German scholar. "The provisions of Rome law": in the testamentary division of property, can put the testament granted direct heir, if the heir is unable or the right to bear when, can press trust legacy system, the entrusted property or transfer to the third processing. "Rome law" established a heritage trust, this system began from the succession issue treatment of people outside Rome, gradually become a universal system. Ancient Rome "trust bequest" has formed a comparatively complete definition of trust, and for the first time in the form of law to determine. However, at this time the trust is a completely free civil trust, does not have the economic significance, has not formed a purposeful career management, the trust property is the main kind, the land. However, the modern sense of the trust industry is to the British Jos (USE) system is a prototype developed gradually.

The British in feudal times, people generally believe in religion, in accordance with the teachings of Christ at the time of the believers "live to more donations, can go to heaven after death". So, Christians have voluntarily after dying Heritage (mainly land) to the church, the church occupies more and more land, which seriously hinders the feudal monarchy and the nobility of the interests. So King Henry III promulgated the "Regulations" provisions for the confiscation of land transfer, the church, must be approved by the monarch and nobility is allowed, otherwise, shall be confiscated. When the British judge the majority of believers, to help the church to get rid of disadvantage, through "the court", referring to the "Rome law" trust legacy system, created (USE) system. The specific content of the USE system is that to the contribution of land to the church, not as a direct transfer, but first give third, and show that the presented the purpose is to safeguard the interests of the church, the third must be obtained from the profits of land over to the church. With the establishment of the feudal system and the complete collapse of the capitalist market economy, the contract relationship between the development of mature, commercial credit and monetary and credit, and the division of labor is increasingly elaborate, make the USE system gradually evolved into the modern trust.