Private express trusts are probably the most common form of trust. They are a traditional means of providing financial security for families. By will or by deed of trust, a testator or settlor places property in trust to provide for his family after he is deceased. The trustee may be a pr...
declaration of trust n. the document signed by a trustor (settlor) creating a trust into which assets are placed, a trustee is appointed to manage the trust (who may be the party who created the trust), the powers and duties of management of the principal and profits of the trust are ...
Trusts can also be used forestate planning. Typically, a deceased individual's assets are passed to the spouse and then equally divided among the surviving children. However, children who are under the legal age of 18 need to have trustees. The trustees only have control over the assets until...
Contrariwise, performances of trust might be for highly subjective reasons that bear no reflection on the performativity of trustworthiness of the research actors, e.g., a person signs up for research out of loyalty to their deceased parent’s wishes. This would represent the furthest point from...
Testamentary trust: Created by the terms of your will; unlike other trusts, these trust accounts are only funded upon your death. Grantor retained annuity trust (GRAT): Allows the grantor to put certain assets into a temporary trust account and freeze its value, removing additional appreciation ...
Is a Living Trust Document Ever Made Public, Like a Will? No. A will becomes a matter of public record when it's submitted to a probate court, as do all the other documents associated with probate—inventories of the deceased person's assets and debts, for example. The terms of a livi...
bond for the faithful performance of his or her duties as Trustee. 6.06 If herein a distribution from this trust is made "per stirpes" in equal shares to a group of beneficiaries and one of said beneficiaries is deceased at the time of the distributionwithoutbeing survived by at least one...
the person passes away, meaning the trust is essentially part of a set of instructions within a person's will to be drafted by a predetermined representative called anexecutoror executrix. The deceased's assets will be transferred into the newly created trust only after the person has passed ...
the Trustee hereby declares that he will hold all cash, securities and other assets that he may from time to time acquire in any manner as Trustee hereunder in Trust to manage and dispose of the same upon the following terms and conditions for the pro rata benefit of the holders from time...
The beneficiaries of the constructive trust imposed on the murderer are those persons who would have taken by intestacy or will or otherwise from the murdered person, as if the murderer had predeceased the victim.Statutes in many states prevent the murderer from acquiring or retaining the property...