With a living or "inter vivos" trust, assets are transferred while the person is alive.
Trust agreements come in a pretty wide swath of shapes and sizes, but they all detail how to transfer assets from a trustor to a trustee, who protects those assets as they make their way to a beneficiary. About trust on , I'm not sure I've even heard of such collocation. Firm belief in the integrity, ability, or character of a person or thing; confidence or reliance: trying to gain our clients' trust; taking it on trust that our friend is telling the truth. This type of trust allows the trustor to benefit from the trust while alive, but passes the assets and property on to a beneficiary (using a trustee) upon their death. fall upon hard times v expr verbal expression: Phrase with special meaning functioning as verb--for example, "put their heads together," "come to an end." In a discretionary trust, the trustees have a DISCRETION to change, add or remove the beneficiaries. This can be contrasted with the discretionary trust. That means that the trust will be held for a certain amount of time, depending on what kind of trust fund it is and the amount of money therein, the time frame can vary between six months or until the trust is terminated. 1 Firm belief in the reliability, truth, or ability of someone or something. In law a trust is a relationship where property is held by one party for the benefit of another party. It is trust that causes it to blossom and to bring forth fruit, and the more fully you trust, the greater and richer and more profuse will be the fruits of your righteousness. trust (trŭst) n. 1. a. English term or phrase: hold a share upon a trust.

In a will, a trust is when one or more individuals hold the. No-one else has any interest and no-one can vary it BUT they must be … You cannot change the vesting date of a trust after that date has passed. Translate trust into Spanish. the beneficiaries are ABSOLUTELY entitled to their shares. Trust is a feeling that somebody or something can be relied upon, or will turn out to be good.

A trust is created by the owner, also called a "settlor", "trustor" or "grantor" who transfers property to a trustee.
The word "trust" can be a noun or a verb: (Noun): I have complete trust in you (meaning: I can rely on you to do the right thing, or what I … Can a beneficiary demand assets? When a testamentary trust is set up, assets are transferred into the trust after the person has died. Trust is the root that upholds and nourishes the tree of Christian life.

The trustee holds that property for the trust's beneficiaries. A beneficiary of trust is the individual or group of individuals for whom a trust is created. I am translating the Articles of a company (based on the IBC Act of the British Virgin Islands). Generally the vesting date can be extended prior to it being reached without adverse consequences, however: With a living or "inter vivos" trust, assets are transferred while the person is alive. This the fundamental difference between the two trusts. investments or other property shall, subject to any contrary direction, be held upon the trusts and with and subject to the powers and provisions of this deed. 4. The condition and resulting obligation of having confidence placed in one: violated a public trust.

TRUST INCOME AND CAPITAL The Trust Fund shall be held on trust for the Beneficiaries in the shares shown in the Third Schedule absolutely. "Upon" really means "subject to" or "in the form of". Revocable trust: Also known as a living trust, a revocable trust can help assets pass outside of probate, yet allows you to retain control of the assets during your (the grantor's) lifetime.

The vesting date (or termination date) is the date upon which the trust will end, and in almost all cases this date is specified in the trust deed.

b. They have existed since Roman times. You'll also find details about payments, trustee powers and more in a trust agreement. I can see why anyone things it means it goes to a person even if they are already dead (to their estate) but it doesnt mean that.lt means it is completely theirs, capital, income, the lot. However, trust can mean the same as trust in in the sense to be sure that something is correct or right as in I trust his judgement completely. It is the feeling of being sure about something, even if it cannot be proved. legal rights to the deceased's properties or anything of value. Beneficiary Of Trust: A beneficiary of trust is a person for whom a trust was created, and who receives the benefits of that trust. Trusts exist mainly in common law jurisdictions. [1] Property is transferred by a person (called a trustor, settlor, or grantor) to a transferee (called the trustee), who holds the property for the benefit of one or more persons, called beneficiaries.

noun mass noun. Meaning of trust in English: trust. Bare Trust: A bare trust is a basic trust in which the beneficiary has the absolute right to the capital and assets within the trust, as well as the income generated from these assets. The.

An express trust is a trust created "in express terms, and usually in writing, as distinguished from one inferred by the law from the conduct or dealings of the parties."