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).
Lakewood was incorporated as a township by an act of the New Jersey Legislature on March 23, 1892, from portions of Brick Township. Portions of Howell Township in Monmouth County were annexed to Lakewood Township in 1929. Lakewood's three greatest hotels were the Laurel House (opened in 1880; closed in 1932), the Lakewood Hotel (opened January 1891, closed in 1925), and the Laurel-in-the-Pines (opened December 1891, burned down in 1967).