Assertion: trust | /r/HasAspect | property
Facets:
value: for beneficiaries
type: TRANSITIVE-OBJECT
Source sentences:
text: The ancient rule from English common law is that a trust is not established until it has property or a res.
text: It holds assets, such as cash or property, that are intended to provide benefit to an individual, group or organization.
text: Because the trust owns the property and distributes it to the person with special needs, the property the trust owns is not counted against that person when determining eligibility for government benefits, such as Medicaid or Supplemental Social Security Income.
text: Trust law covers how trusts are created, they own property, they govern use of the property and they decide ultimately happens to the property in them.
text: Additionally, trusts are often used to manage property, assets, or estates being held for a minor or person incapable of being financially accountable until that person be deemed able to manage the assets themselves.
text: Trusts are a great way to manage property if you don't think you'll be able to manage it yourself in the future.
text: In essence, then, a court can determine that if the trust has property that exceeds the amount required for the animal's care, the court may intervene and distribute the funds to the grantor's successors in interest.
text: Where a trust holds property for beneficiaries, they can request that the trustee transfers the property to them.
text: Because the trust owns the property and distributes it to the person with special needs, the property the trust owns is not counted against that person when determining eligibility for government benefits, such as Medicaid or Supplemental Social Security Income.