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LSDefine

Simple English definitions for legal terms

trust distribution

Read a random definition: commission of charitable uses

A quick definition of trust distribution:

Trust Distribution: When someone creates a trust, they put their money or property into it to be managed by a trustee for the benefit of a beneficiary. Trust distribution is when the trustee gives the beneficiary the money or property that belongs to them according to the terms of the trust. It's like getting a present from someone who wanted to make sure you were taken care of.

A more thorough explanation:

Definition: Trust distribution refers to the cash or other property that is paid or credited to a beneficiary of a trust.

Example: Let's say that John created a trust and named his daughter, Sarah, as the beneficiary. The trust holds $100,000 in cash and $50,000 in stocks. John's trust document specifies that Sarah is entitled to receive $10,000 in cash and $5,000 worth of stocks every year. This yearly payment to Sarah is an example of trust distribution.

Another example of trust distribution could be when a trust is set up to pay for a child's education. The trust may distribute funds to the child's school or directly to the child to cover tuition, books, and other expenses.

Overall, trust distribution refers to the process of distributing assets from a trust to its beneficiaries according to the terms of the trust document.

trust corporation | trustee, U.S.

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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.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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