A trust is not a legal entity that can enter into contracts or incur liability. Nor is the trust itself a contract that enforces obligations between any of the parties, though a beneficiary may sue a trustee for failing to act in the beneficiaryâs best interest, which is known as a breach of fiduciary duty.
Lakewood, Ohio. Lakewood is a city in Cuyahoga County, Ohio, United States. It is part of the Greater Cleveland Metropolitan Area, and borders the city of Cleveland. The population was 52,131 at the 2010 United States Census, making it the third largest city in Cuyahoga County, behind Cleveland (396,815) and Parma (81,601).
The urban/suburban development of the community known as Lakewood was begun in 1889 by Charles Welch and W.A.H. Loveland, who platted a 13-block area along Colfax Avenue west of Denver in eastern Jefferson County.