Reflectionon and Reconstruction of Testamentary Trust in China
Testamentary trust as a way of heritagetreatment iswidely used in countries and regions around the world and has a positive social effect,but it lacks practice and development in China. Delay of legislation is the main restricting factor. It is imperative to improve the legislation for testamentary trust system for its effective use in China so that the established elements can be made explicitly,the trust property ownership can be determined,and the length of property duration can be limited.