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Simple English definitions for legal terms

charitable trust

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A quick definition of charitable trust:

A charitable trust is a special type of trust that is created to help people in need. The trust must have a specific purpose that falls into one of the categories allowed by the law. Unlike other trusts, a charitable trust does not have to have specific people who will benefit from it. Instead, the attorney general is responsible for making sure the trust is used for its intended purpose. Charitable trusts are a good way to help others and are protected by the law.

A more thorough explanation:

A charitable trust is a type of trust that is created for the purpose of benefiting specific charitable causes. In order for a trust to be considered charitable, it must fall into one of the specific purpose categories outlined by the law. Charitable trusts are highly favored by the legal system, as they do not require definite beneficiaries and are not subject to the rule against perpetuities.

One example of a charitable trust is a trust that is created to provide funding for medical research. The trust would be managed by a trustee, who would be responsible for ensuring that the funds are used in accordance with the terms of the trust. The beneficiaries of the trust would be the medical researchers who receive the funding, as well as the individuals who benefit from the research.

Another example of a charitable trust is a trust that is created to provide funding for education. The trust could be used to provide scholarships to students who are pursuing higher education, or to fund research and development in the field of education.

These examples illustrate how charitable trusts can be used to benefit specific charitable causes, without the need for definite beneficiaries. The attorney general is responsible for enforcing the terms of the trust, ensuring that the funds are used in accordance with the charitable purpose of the trust.

charitable remainder unitrust | charitable trusts purposes

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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