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Simple English definitions for legal terms

Support Trust

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A quick definition of Support Trust:

A support trust is a special kind of trust that helps someone pay for things they need, like school or food. The person who gets the money from the trust can't be forced to use it to pay off debts, as long as they use it for what the trust was made for. If someone tries to take the money away to pay a debt, they can't do it if it would hurt the person who needs the money.

A more thorough explanation:

A support trust is a type of trust that is created to provide financial support to a beneficiary. The trust contains a provision that directs the trustee to pay the beneficiary as much of the income and principal as is necessary for their education and support.

One important feature of a support trust is that the beneficiary's interest is protected from creditors to the extent necessary to support the "support" purpose of the trust. This means that if a creditor tries to make a claim on the beneficiary's interest in the trust, the attachment is void if it would jeopardize the support function of the trust.

Here are some examples of how a support trust might work:

  • Example 1: John creates a support trust for his daughter, Sarah. The trust directs the trustee to pay Sarah as much of the income and principal as is necessary for her education and support. If Sarah gets into financial trouble and a creditor tries to make a claim on her interest in the trust, the attachment is void if it would jeopardize Sarah's ability to receive the financial support she needs.
  • Example 2: Mary creates a support trust for her son, Tom. The trust directs the trustee to pay Tom as much of the income and principal as is necessary for his education and support. If Tom gets into financial trouble and a creditor tries to make a claim on his interest in the trust, the attachment is void if it would jeopardize Tom's ability to receive the financial support he needs.

In both examples, the support trust is created to provide financial support to a beneficiary (Sarah or Tom) for their education and support. The trust contains a provision that directs the trustee to pay the beneficiary as much of the income and principal as is necessary for their needs. If a creditor tries to make a claim on the beneficiary's interest in the trust, the attachment is void if it would jeopardize the beneficiary's ability to receive the financial support they need.

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11:47
but i wana fricking know if i'd get a scholly
Mostlylegal
11:48
yeah ndls is super slow this year, i think they are worried of repeeating 2021 and are being extra cautious
Mostlylegal
11:48
their seat deposit deadline is in 5 days...
11:48
what happened in 2021 i keep hearing ab it
Mostlylegal
11:48
basically overadmitted by a ton
anyone have any advice for loyola chicago
went complete in january and heard nothing
thinking maybe friday or will the next wave be next week after seat deposits?
[] AromaticTroubledDormouse
11:58
is it worth a LOCI for NYU active consideration?
11:59
it depends how long you've been waiting
ClassyPleasantHeron
12:01
I'd normally save the LOCI for after a real decision, but NYU doesn't play by the book, so I dunno.
[] AromaticTroubledDormouse
12:03
since feb...
Mostlylegal
12:03
keep waiting
babycakes
12:04
Absolutely not if you want to get in. NYU explicitly tells people with the AC hold not to send a LOCI
babycakes
12:04
If you don’t care about getting in NYU has been rendering rejections for people who reach out and ask for an expedited decisions
babycakes
12:05
decision
12:05
thats ridiculous
12:05
Haha 'tryna rush me' aight by felica !
Mostlylegal
12:05
Bro didnt realize that Application review is on a rolling basis. Decisions are made on individual applications as quickly as possible; however, the time required to a make a decision will vary among applications. A rolling admission process allows for extending the review process as appropriate ensuring that each application receives full and individualized attention in the context of careful comparison to other complete applications.
babycakes
12:07
She roll on my admissions until I decide
12:11
Raw eggs roll down my throat. I actually like eating raw eggs, however, the feeling of a glob of yolk/albumen gives me the feeling of chocking. Idk I personally think pushing yourself in all regards is a net positive, so I dig it. How many raw eggs have you ever eaten/drank at once? My record is 10
I sent an email to NYU with an updated resume, every other school I sent it to responded within a day and NYU still hasn't
I got a big internship so I wanted to let all schools know
And NYU and Stanford just no response
[] AromaticTroubledDormouse
12:15
rolling admissions is funny since I applied the first week apps were open
12:23
anyone have any idea when I could expect a decision from GSU if I applied 3/15? my app has been "ready for review" since 3/27
Law Schools make decisions challenge "Impossible"
12:34
st john's wave
for GSU, they take a week after going UR to get back to you. Mine was reasdy for review on march 3 went ur on march 227
27*
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