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Simple English definitions for legal terms

trust agreement

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A quick definition of trust agreement:

Term: Trust Agreement

Definition: A trust agreement is a legal document that outlines how assets will be managed and distributed to beneficiaries. It is similar to a declaration of trust, which is a statement of the creator's intention to create a trust. A trust agreement can be used to protect assets, provide for loved ones, and minimize taxes. It is important to have a trust agreement in place to ensure that your wishes are carried out after you pass away.

A more thorough explanation:

Definition: A trust agreement is a legal document that outlines the terms and conditions of a trust. It is also known as a declaration of trust.

Example: John creates a trust agreement that states his assets will be held in trust for his children until they reach the age of 25. The trust agreement also outlines who will be the trustee and how the assets will be managed.

Explanation: The example illustrates how a trust agreement is used to establish a trust and define its terms. In this case, John is the grantor of the trust and his children are the beneficiaries. The trust agreement specifies when the assets will be distributed and who will be responsible for managing them until that time.

trust account | trust certificate

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
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the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
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im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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