Assertion: trust | /r/HasProperty | valid
Facets:
Source sentences:
text: If property is left in trust for "my children," the class is definite and the trust is valid.
text: To be valid, a trust must identify the following: the trustor, the trustee, the successor trustee, and the trust beneficiaries.
text: It ruled that if a land trust was set up with some minor duty on the trustee (such as to deed the property to the beneficiaries 20 years later), then the trust would not be considered passive and would be valid.
text: The UTC states that a trust is valid if, under the law of the jurisdiction in which it was created, it was properly created.
text: Previously, it had been understood that for the trust to be valid, the trustees had to be able to draw up a "complete list" of all the possible beneficiaries, and if they could not do so, the trust was void.
text: But Lord Wilberforce held that provided it could be said of any person whether they were "in or out" of the class, as described by the settlor, the trust would be valid.