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).
Geography [edit]. The Village of Lakewood is located in McHenry County in the state of Illinois. The Village shares its boundaries with the City of Crystal Lake, Village of Lake in the Hills, Village of Huntley, and City of Woodstock. The Village covers just under 4 square miles (10 km 2).