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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.

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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
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hey yall
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true i love ur user
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thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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