Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

trust estate

Read a random definition: interim zoning

A quick definition of trust estate:

Trust Estate: The property that a trustee is responsible for managing and protecting on behalf of the beneficiaries of a trust. It is also known as the trust principal, trust fund, or trust property.

A more thorough explanation:

A trust estate is the property or assets that a trustee is responsible for managing on behalf of the beneficiaries of a trust. It is also known as the trust principal, trust fund, trust property, or trust res.

For example, if a person creates a trust and transfers their property into it, the trust estate would consist of that property. The trustee would then manage and distribute the property according to the terms of the trust for the benefit of the beneficiaries.

Another example would be if a parent creates a trust for their child's education. The trust estate would consist of the funds or assets that the parent transfers into the trust for the purpose of paying for the child's education expenses.

Overall, a trust estate is the property or assets that are held in trust and managed by a trustee for the benefit of the trust's beneficiaries.

trusteeship | trust-fund doctrine

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
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
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
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
LSD+ is ad-free, with DMs, discounts, case briefs & more.