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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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BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
The profile links are not working for me. anybody else?
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