TRUST SIMPLE

a trust where money or property is given to a trustee to benefit anther person.

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TRUST SPECIAL

a trust where the trustee is obligated to carry out certain actions of the trust creator.

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TRUST EXECUTORY

a trust that needs action by the originator for it to become fully effective and meaningful.

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TRUST EXPRESS ACTIVE

a trust where the trustee is governed by provisions in the will that created the trust and gives the income to the beneficiaries.

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TRUST FOR SALE

Type of trust that directs sale of trust property that is in then held in the trust for the beneficiaries.

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TRUST FUND

This term applies to the property and money that is held in a trust and the property and money that is administered by the trustees.

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TRUST FUND DOCTRINE

This term describes the principle that a corporation must pay all of its debts before it can distribute assets to stockholders.

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TRUST FUND PLANS

Plan where the trustee gets contributions then issues retirements to plan members.

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TRUST IMPLIED

a trust that comes into being resulting from the intention to create a trust as a matter of law.

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TRUST INDENTURE

Indenture bond including provision for appointing trustees acting on bond holders behalf.

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