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Simple English definitions for legal terms

abstract of trust

Read a random definition: statist

A quick definition of abstract of trust:

Abstract of trust: A short version of a trust document that keeps some details private, like the names of the people who will benefit from the trust. It's used to prove that the trust exists without sharing all the important information. It's also called a certificate of trust, certification of trust, or memorandum of trust.

A more thorough explanation:

Definition: An abstract of trust is a shortened version of a trust document that omits certain details, such as the names of beneficiaries, to keep them confidential. It is commonly used to prove the existence of a trust to financial institutions or other organizations without revealing key terms. This abbreviated version of the trust is widely accepted as long as it meets specific requirements. It is also known as a certificate of trust, certification of trust, or memorandum of trust.

For example, if John creates a trust and wants to keep the names of his beneficiaries private, he can provide an abstract of trust to his bank to show that the trust exists and that he has the authority to act on its behalf. The abstract of trust would include the name of the trust, the date it was created, and the name of the trustee, but it would not include the names of the beneficiaries.

Another example is if a trustee needs to sell a property owned by the trust. The buyer's attorney may request an abstract of trust to verify that the trustee has the authority to sell the property on behalf of the trust.

These examples illustrate how an abstract of trust can be used to provide proof of a trust's existence without revealing confidential information.

abstract of title | abstracter

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Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
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