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LSDefine

Simple English definitions for legal terms

trust corporation

Read a random definition: partes soli

A quick definition of trust corporation:

A trust corporation is a type of company that helps people and organizations manage their money and assets. They can act as a trustee for someone's property or investments, and sometimes they also work as a bank. Trust corporations can be owned by individuals or groups, and they have to follow certain rules and regulations to make sure they are doing things correctly. Think of them like a helper who takes care of important things for you, like a babysitter for your money.

A more thorough explanation:

A trust corporation is a type of company that acts as a trustee for people and entities. It may also operate as a commercial bank. Trust corporations are sometimes referred to as trust companies.

For example, a trust corporation may manage a trust fund for a wealthy individual or family. The trust corporation would be responsible for investing the funds and distributing the income to the beneficiaries according to the terms of the trust.

Another example is a trust corporation that provides custodial services for retirement accounts. The trust corporation would hold the assets of the account and ensure that they are invested according to the account holder's instructions.

Overall, trust corporations play an important role in managing assets and providing financial services to individuals and organizations.

trust company | trust distribution

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babycat
11:57
@renard99: that’s so cute. you guys should make a quilt
BulbasaurNoLikeCardio
11:57
To think when I went to Africa all I left with were night terrors and a horrible sense of humor
babycat
11:57
my mama has a quilt a friend made for her with Japanese fabrics and it’s really beautiful
babycat
11:58
@snow: also I found it online I did not pay over $100 for this paperback on amazon
11:58
@babycat: what is your level of attraction to derivatives
12:00
@babycat: yummy sars blanket go brrr
snow
12:01
will check it out! Im actually gonna start apes and essence pretty soon!
babycat
12:01
@EvolBunny: you gotta explain what attraction to derivatives means. is this a math thing? am I just dumb? who knows
soyalmondoatmilk
12:02
guys drop ur tv show recs
@soyalmondoatmilk: Lots of good TV but one that I don't hear talked about nearly enough is Severance
babycat
12:07
https://youtu.be/XsYX3zeBccM the greatest
Sopranos stays on top but I figured everybody knows that by now lol
mr. and mrs. smith is a must watch tv show
babycat
12:08
ooh is that the one with Donald glover? I heard it was good
yes it was amazing
I’m prayin YLS releases decisions this week
Maybe like Wednesday or sumn
recently i also loved agatha
and the gentlemen
12:09
@babycat: i would need an infinite amount of time lol but yes math
12:10
@SplitterusClitterus: mr and mrs smith is about one crossdressing cia agent cmv
12:10
mr AND mrs smith ;)
soyalmondoatmilk
12:10
@TurboSplitter: ooohh severence looks good but sadly i don't have apple tv :((
12:10
@SplitterusClitterus: all hail agatha
also do we think there are gonna be waves today or this wekk
12:11
small chance, better bet is dec 8-17th imo
agatha was AMAZING
12:11
for t14
12:11
ALWAYS
@soyalmondoatmilk: yeah it's a shame it's limited to Apple because honestly nobody has that service lol. I only started watching it on a plane and I was hooked
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