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LSDefine

Simple English definitions for legal terms

Trust Property

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A quick definition of Trust Property:

Trust Property: Trust property is the property that is held in a trust. It can be anything that is considered valuable and can be transferred legally. This property is also known as "trust res" or "corpus". It must be identified and currently existing. To create a trust, there must be trust intent, a trustee, definite beneficiaries, and trust property.

A more thorough explanation:

Definition: Trust property, also known as "trust res" or "corpus," refers to the property that is the subject of a trust. This property must be currently existing and identifiable. Trust property can be any type of property interest that the law recognizes as a valid property interest that can be transferred. It is a necessary component of an express trust, along with trust intent, a trustee, and definite beneficiaries.

  • A house that is placed in a trust for the benefit of a specific individual or group of individuals.
  • A sum of money that is placed in a trust to be used for the education of a specific person or group of people.

These examples illustrate trust property because they are both specific types of property that are being placed in a trust for the benefit of a specific individual or group of individuals. The property is identifiable and currently existing, and it is being transferred to the trust for a specific purpose.

trust merger | trust protector

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
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.
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