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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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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
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.
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