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Simple English definitions for legal terms

sprinkling trust

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A quick definition of sprinkling trust:

Term: Sprinkling Trust

Definition: A sprinkling trust is a type of trust where the person in charge of the trust (called the trustee) can give money to the people who are supposed to get it (called the beneficiaries) in different amounts, depending on what they need. This is different from other trusts where the trustee has to follow strict rules about who gets what. Sprinkling trusts are often used for families with children, so the trustee can give them money for things like college or medical bills. While sprinkling trusts are good for giving out money in a flexible way, they can also be risky because the trustee might not do what the person who made the trust wanted them to do.

A more thorough explanation:

A sprinkling trust is a type of trust where the trustee has the power to distribute funds to the beneficiaries according to their needs. Unlike other trusts, where the trustee must follow strict instructions from the creator of the trust, a sprinkling trust allows the trustee to have more flexibility in giving funds to the beneficiaries.

For example, a family pot trust created for children can be a sprinkling trust. The trustee can give different amounts of money to each child for things like college and medical bills, depending on their needs.

Sprinkling trusts have the advantage of being able to allocate trust assets flexibly, but they also have the disadvantage of possibly allowing the trustee to manage the trust against the interests of the trust creator.

springing interest | Squeeze-out

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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
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
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