Article 147 - Fiducia (Trust)
Fiducia or “Roman Trust” is a form of legal argument first formed by the Roman Cult at the end of the 13th Century whereby property is held by one (1) party for the claimed benefit of another. Fiducia in Latin literally means “trust” and is the origin of the word “fiduciary”.
Under the legal argument and subsequent laws created by the Roman Cult:
(i) The name of the party who transfers some or all of their property was called the feoffer, literally meaning “one who brings forth the right (or manor)”; and
(ii) The name of the party who then held the property and rights of use was called the feoffee, literally meaning “one entrusted with the right (or manor)”; and
(iii) The “legal” possession of the conveyed property was term seisin or seizing and
(iv) The name of the party for whom the property was held in benefit was called an infant, denoting an implied incompetence to administer the property to which they were entitled directly.
The first Fiducia claiming all the property of the world to be administered by the Roman Cult was the Papal Bull Unum Sanctam issued by Roman Pontiff Boniface I (VIII) (1294-1314) (Benedetto Caetani-Orsini) (Rome) in 1302.
In 1455, Roman Pontiff Nicholas III (V) (1447-1455) (Tommaso Parentucelli, Florence) issued the first testamentary trust claiming the land of the world through the Papal Bull Romanus Pontifex, which had the had the effect of conveying the right of use of the land as Real Property from the Express Trust Unam Sanctam to the control of the Pontiff and his successors in perpetuity. Hence, all land was then claimed as "crown land".
In 1481, Roman Pontiff Sixtus I (IV) (1471-1484) (Francesco della Rovere, Genoa) created the second testamentary trust (fiducia) through the Papal Bull Aeterni Regis whereby all people were considered “infants” under the care of the Crown of Aragon.
In 1538, Roman Pontiff Paul II (III) (1534-1549) (Alessandro Farnese (Orsini), Venice) created a third testamentary trust (fiducia) through a Papal Bull whereby the care of the souls of all people and the salvation of all “lost souls” were entrusted to the newly formed Jesuit Order.