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Simple English definitions for legal terms

trust distribution

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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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
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the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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