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Simple English definitions for legal terms

property control trust

Read a random definition: jus civile

A quick definition of property control trust:

A Property Control Trust is a type of trust that puts rules in place to control what the beneficiaries can do with the money or property they receive. There are different types of Property Control Trusts, including ones that help people with special needs, ones that stop beneficiaries from spending all the money at once, and ones that let the trustee decide how to divide the money among the beneficiaries.

A more thorough explanation:

A Property Control Trust is a type of trust that places limitations or controls on the rights of the beneficiaries. There are different types of Property Control Trusts, including:

  • Special Needs Trusts: These trusts are designed to help individuals with special physical, emotional, or other needs. The trust can provide for their care and support without affecting their eligibility for government benefits.
  • Spendthrift Trusts: These trusts are created to prevent beneficiaries from wasting the trust principal. The trustee has control over the distribution of funds, and the beneficiary cannot access the funds directly.
  • Sprinkling Trusts: These trusts allow the trustee to decide how to distribute trust income or principal among the beneficiaries. The trustee can distribute the funds based on the needs of each beneficiary.

For example, a special needs trust can be set up for a person with a disability to provide for their care and support. The trust can pay for medical expenses, therapy, and other needs without affecting their eligibility for government benefits. A spendthrift trust can be created for a beneficiary who has a history of poor financial decisions. The trustee can control the distribution of funds to ensure that the beneficiary does not waste the money. A sprinkling trust can be established to provide for multiple beneficiaries with different needs. The trustee can distribute the funds based on each beneficiary's needs.

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JumpySubsequentDolphin
21:11
@texaslawhopefully: oh I’m not sure hahaha im just basing off of my friend who got a tutor bc she was rly struggling and it seemed like it helped her!
Yeah, that's fair! For some people it can help a lot. I'm just saying in general I don't think it is necessary unless you are trying to finetune a very specific area (or get to the high 170s because that is another thing in and of itself) OR are just terrible at the test. I tutor the test and I find that most people can improve just as much through self-study.
JumpySubsequentDolphin
21:13
that makes sense for sure
JumpySubsequentDolphin
21:13
i think for her it was a lack of discipline more than anything else tbh. she could not get herself to meaningfully study on her own
madollyy
22:05
I've finished all my major requirements, so I'm taking pretty much all electives next semester. Keeping one major specific class bc I'm majoring in it for a reason haha. But I'll be pretty free to study and try and improve my GPA. I will try self study first, see where that gets me. If that doesn't work I'll look into tutoring!
the way there probs won't be another wave until after thanksgiving LMFAO
i hate this
JumpySubsequentDolphin
22:07
omg i just got a Snapchat memory of my friend losing her mind bc she thought Eminem was black
JumpySubsequentDolphin
22:07
SHES FROM MICHIGAN
JumpySubsequentDolphin
22:07
THIRTY MINS AWAY FROM DETROIT
babycat
22:10
most of the stuff a tutor will teach you is stuff you can figure out yourself if you’re sufficiently motivated. if you would benefit from some support and structure tutoring can be helpful
babycat
22:13
thanks for the plug dk you’re a sweetie
^^one hundred percent agree
babycat
22:16
texas what made you decide you wanted to go to law school so young? just opportunity cost or something else?
GodsPlanUltimately
22:45
I ust submitted my application on LSAC but why does it say transmitted (still in the active application) and is not in the complete application file?
GodsPlanUltimately
22:45
Freaking out here
babycat
22:46
because you just submitted it. give it like an hour and it’ll go into the complete file
GodsPlanUltimately
22:47
Rationally that's what I thought but irrationally I was like crying throwing up did I mess it up lol
babycat
22:49
Lol you’re all good
GodsPlanUltimately
22:49
I'm assuming then for status checking eventually that the school emails you that information once LSAC finishes processing?
babycat
22:50
Yep
GodsPlanUltimately
22:50
Thank you ╱|、 (˚ˎ 。7 |、˜〵 じしˍ,)ノ
GodsPlanUltimately
22:50
Just stressing because this is my first and only app.
GodsPlanUltimately
22:53
Does the CAS Report send once the school requests it or do I have to send it ?
babycat
23:02
It sends automatically
babycat
23:02
Why only one app?
GodsPlanUltimately
23:06
I'm in a dual degree program that my undergraduate has where if you meet a gpa and percentile you can have your senior year be your L1 ! Cuts off a year of time and money and the partner was my top pick for law anyways. It all just worked out and since it's ED can't really apply anywhere else because the L1 transfers back to complete my degree. :)
babycat
23:14
oh that’s nice! I guess you have a high degree of certainty about the process then
Dkk
0:10
Welcome. About to eat another ghost pepper. @babycat
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