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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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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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