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Simple English definitions for legal terms

definite trust beneficiaries

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A quick definition of definite trust beneficiaries:

Definite trust beneficiaries are people who are named or can be identified as beneficiaries in a trust. A trust is a legal agreement where someone (the settlor) gives property to someone else (the trustee) to manage for the benefit of others (the beneficiaries). The beneficiaries must be identifiable, meaning there must be a clear way to know who they are. For example, saying "my children" is okay because it's clear who the settlor's children are, but saying "my friends" is not okay because it's too vague. If a trust doesn't have definite beneficiaries, it can't be enforced. However, if the trust is for a charity, it doesn't need definite human beneficiaries because it's enforced by the state attorney general.

A more thorough explanation:

Definition: Definite beneficiaries are individuals or groups of people who are named or can be identified as beneficiaries of a trust. A trust must have definite beneficiaries to be valid. This is because the beneficiaries are the ones who enforce the trust. The settlor can name the beneficiaries or identify a group or class of people as beneficiaries, as long as there are objective standards to define the group.

Example: "My children" is an example of an ascertainable class of persons because there are objective standards to identify who is included as the settlor's children. However, "my friends" is not an ascertainable class because it is a subjective identification and it is difficult to ascertain who is included in the class of "friends".

If a trust does not have definite beneficiaries and is not created for the benefit of a charity, it is deemed to be an unenforceable trust. However, an exception to this rule is when the trust is a charitable trust which is created to benefit a charity. A trust created to benefit a charity is not required to have definite human beneficiaries, because a charitable trust is usually enforced by the state attorney general.

Example: It would be permissible to create a charitable trust that gives 1 million "to be used to feed the hungry in Essex County, Massachusetts." This is an example of a charitable trust that does not have definite human beneficiaries, but instead has a definite charitable purpose.

These examples illustrate the importance of having definite beneficiaries in a trust, as well as the exception for charitable trusts. Definite beneficiaries ensure that the trust can be enforced and that the beneficiaries receive the intended benefits. Charitable trusts, on the other hand, do not require definite human beneficiaries because they are enforced by the state attorney general and have a definite charitable purpose.

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texaslawhopefully
22:30
@KnowledgeableRitzyWasp: That all sounds great. It sounds like it has fairly diverse cuisine for a smaller city
yeah there are so many good cuisines in ithaca
renard99
22:31
@lilypadfrog: that’s a pity I’da be liking them all
texaslawhopefully
22:31
Only food I’m going to miss for sure if I leave Texas is texmex
22:31
waspy hasnt had thai food in ithaca yet. ithaca thai is so good
^^^^ truuuuuu
22:32
there are two major thai places and they have very similar names bc a divorced husband and wife own them lol
22:32
personally i think taste of thai is better than taste of thai express but thats just me
i had pho tho and it was really good and huge portions
texaslawhopefully
22:32
Glad they have good Thai food, I love Thai food! Can’t wait to visit :)
22:33
when tex goes to ithaca i want to come
Dkk
22:34
Crying Tiger, best Thai dish.
damn im so hungry all i had today was a curry tonkatsu and buldak
and it was a lil baby noodle cup
vvv hungry
22:36
curry tonkatsu so yummeh
22:36
whats even open rn? pizza?
CTB is it i think
22:37
is collegetown pizza not open
22:37
i used to get a slice from there or wings over at like 1am after my shift at the restaurant
Dkk
22:48
Ross Ulbricht free. God Bless Trump. Huge win.
JeremyFragrance
22:54
agreed
texaslawhopefully
22:55
This is an interesting read: https://thedispatch.com/article/birthright-citizenship-trump-implications/
Dkk
23:01
I mean, idk how it's possible to end birth right citizenship without amending the constitution because to me the 14th amendment is pretty clear about it.
ross ulbricht tried to hire a hitman to kill 5 people
i am not that sympathetic to him
Dkk
23:04
@KnowledgeableRitzyWasp: That might have been an FBI agent. It was most likely him and he was most likely doing it to retrieve stolen funds that corrupt FBI agents stole, but yeah moral gray area but me personally, cool with hitmen. It's not like it is uncommon to hire hitmen. I don't think the action itself is necessarily wrong but the intent behind it can be.
Dkk
23:05
Like, Boeing whistblowers being killed by hitmen = wrong but a guy hiring hitmen to retrieve stolen funds = good to me.
texaslawhopefully
23:05
@Dkk: Yeah, for sure. My guess is it'll go to SCOTUS and it'll be 8-1 or 7-2, saying that EO was unconstitutional.
Dkk
23:06
Indeed. I need a count for how many exectuive orders he has signed and how many already have pending lawsuits.
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