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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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TGM
18:39
@texaslawhopefully: alas, haven’t even gotten an interview (applied around thanksgiving)
18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
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
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
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.
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