Assertion: trust | /r/CapableOf | hold asset
Facets:
value: maybe
type: DEGREE
value: for the benefit of another
type: PURPOSE
value: with third-party financial institution
type: OTHER
Source sentences:
text: Your trust holds assets that are subsequently managed and distributed in accord with the terms you set forth in your trust.
text: When a trust owns the assets, that trust is a separate legal entity from the creator or beneficiary.
text: Your trust can hold onto the assets and transfer them to him at a later time.
text: Because the living trust is a separate legal entity, the trust has its own assets, separate from your personal assets.
text: However, due to the paucity of credible offshore banks in Belize, many trusts established in Belize hold assets with a second trustee or third-party financial institution in another country.
text: A trust is a legal entity that holds assets for the benefit of another.
text: Maybe the trust will hold the assets until a minor child reaches adulthood or achieves some other lifetime event like marriage or graduation from college.
text: Your trust now owns these assets, and a creditor or judgment holder can't take property from anyone or anything that's not a party to the lawsuit or the debt in question.