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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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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
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@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
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