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LSDefine

Simple English definitions for legal terms

trust company

Read a random definition: sed quaere

A quick definition of trust company:

A trust company is a type of company that helps people and organizations manage their money and assets. They can act as a trustee, which means they hold onto and manage money or property for someone else. Trust companies can also operate like a bank, where people can deposit and withdraw money. They are different from regular companies because they have special legal rules that allow them to do these things.

A more thorough explanation:

A trust company is a type of company that acts as a trustee for people and entities. It may also operate as a commercial bank. Trust companies manage assets, investments, and estates on behalf of their clients. They are responsible for ensuring that the assets are managed according to the client's wishes and in their best interests.

  • A trust company may manage a trust fund for a wealthy family, investing the money and distributing the income to the beneficiaries.
  • A trust company may act as a trustee for a retirement plan, ensuring that the assets are invested properly and that the plan complies with all legal requirements.
  • A trust company may manage the assets of a non-profit organization, investing the money and ensuring that it is used for the organization's charitable purposes.

These examples illustrate how a trust company can provide valuable services to individuals, families, and organizations. By managing assets and investments, trust companies can help their clients achieve their financial goals and ensure that their wishes are carried out.

trust certificate | trust corporation

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WTF
12:09
need to send in my berkeley app rawwwww
BulbasaurNoLikeCardio
12:09
@ChowieBean: should be required to tell them, the schools who asked I only told them the schools in their area not all of them.
BulbasaurNoLikeCardio
12:10
*shouldnt be
12:12
@jackfrost11770: if i get a berk A today and they have that logo im withdrawing (/s /s /s /j /j /j)
babycat
12:12
@ChowieBean: me too lol. you applying to public interest scholars program?
12:14
yes def applying public interest
12:16
i was raised like blocks away from umiami
12:16
idk if i wanna go back to florida tho so im applying there as safety/target 💀
12:25
@ChowieBean: doing the same thing
Does anyone think au gonna get back to us today
My app was complete Oct 11
If yes what time
Dkk
12:29
Sure, yes! 11:22:24 PST
ClassyPleasantHeron
12:30
I wonder if Berk was updating their system so that they could watch more video.
1a2b3c4d26z
12:41
They updated it so they could watch my video one trillion times
brookyln law portal just added person id and application id for me, what does it mean??
Dkk
12:52
@VolatileClumsyAcolyte: well someone got an A so maybe an A
just checked the reddit, apparently it means nothing..
HAPPY FRIDAY HAPPY UCLA DAY
what time would they release cuz west coast
BulbasaurNoLikeCardio
12:54
I hate that Vanderbilts portal gives no status
HopefullyInLawSchool
12:54
@VolatileClumsyAcolyte: did you apply YM to Brooklyn?
JumpySubsequentDolphin
12:57
@SplitterusClitterus: THEY BETTER HAVE AN A WAVE TODAYYY
glovediedthisishismom
12:57
kendrick lamar
glovediedthisishismom
12:57
album
JumpySubsequentDolphin
12:57
I think usually they release at like 1ish?
JumpySubsequentDolphin
12:57
@glovediedthisishismom: GNXXXX
babycat
12:59
I heard if you apply YM at Brooklyn specifically it’s the equivalent of like a 5 LSAT point boost
HopefullyInLawSchool
13:00
^^^^This
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