Category: T

a living trust set up during a person’s life who is settling money on another person.

This term is applied to a trust that arises from the result of a law that will enforce it being created.

a clear and definite trust that differs from an implied or a constructive trust.

This term describes the legacy to a trustee that is to held for certain beneficiaries.

a trust that isn’t complete but is outlined in its general purpose and intent.

a trust where the only action of the trustee is to hand over money and property to the beneficiaries.

a trust that will name a trustee but doe not need him to perform any active duties.

a trust where a trustee does not have any role to play.

a trust that will benefit an educational institution or whose money or property will go towards establishing one.

Authority given by the owner to another person that indicates that the property is to pass onto a chosen person.