Assertion: trust | /r/HasProperty | formed
Facets:
value: from the assets
type: OTHER
Source sentences:
text: They argue for reliabilist theories that make trust rationally justified if and only if it is formed and sustained by reliable processes (i.e. “processes that tend to produce accurate representations of the world”; Goldman 1992, 113).
text: (There are timing issues specific to when the trust is formed, due to the Medicaid "look-back" period that applies to the applicant's assets.)
text: The trustee determines how the assets are invested and to whom they are distributed when the owner of the trust dies, though a trustee must manage the trust in accordance with the guidelines laid out when the trust was formed.
text: Listed below are some of the more common examples of trusts that are formed.
text: A trustee—the person(s) who will carry out the terms—is appointed at the time that the trust is formed, but has no role until the grantor is deceased or incapacitated.
text: You could effectively have both types of trusts if the terms of your living trust's formation documents say that yet another trust is to be formed from the assets it holds when you die.
text: In the U.S., trusts are not allowed to acquire additional properties, once they are formed.
text: When the trust terminates, typically about 70 years after it is formed, the assets on hand are distributed by the trustee to the beneficiaries.