Assertion: trust's property | /r/AtLocation | trust
Facets:
value: upon direction
type: MANNER
value: for the person
type: TRANSITIVE-OBJECT
value: for his or her benefit
type: PURPOSE
value: until her 18th birthday
type: TEMPORAL
value: as a general rule
type: MANNER
Source sentences:
text: As a general rule, personal property can be held in a trust created orally.
text: Note that if any property held in the trust is transferred out of the trust, and later transferred back into the trust, the same name of the trust must be used again, unless the trust's name is changed as mentioned below.
text: The trustor maintains ownership of the property held by the trust while the trustor is alive.
text: Where the property is held on trust, a trustee holds the legal title of the trust property, whereas the beneficiary has the equitable interest in the trust property.
text: In the case of a fixed trust, the beneficiary's interest is proprietary; they are the owners of an equitable interest in the property held under the trust.
text: Property of any sort may be held in a trust.
text: The property will be held in trust until her 18th birthday.
text: Unless such provision was explicitly made as a gift or as the natural expression of a close relationship (e.g., parent-child), the acquired property is held in trust for the person who provided the money even though the second party holds the legal title.
text: Each trust has conditions, also governed by trust law, that spell out who the trustee is, who the beneficiary is and what the trustee is expected to do with the property held in trust.
text: You can be the trustee of your own living trust, keeping full control over all property held in trust.
text: As early as the 16th century, the concept of property being held in trust by one person for the benefit of another was part of the English Common Law.
text: A special needs trust, also known in some jurisdictions as a supplemental needs trust, is a specialized trust that allows the disabled beneficiary to enjoy the use of property that is held in the trust for his or her benefit, while at the same time allowing the beneficiary to receive essential needs-based government benefits.
text: The Trustee executes grant deeds, promissory notes, deeds of trust, leases and otherwise deals with the property held in the trust only upon specific written authorization and direction from the Beneficiary(ies) of the trust.
text: The Trustee executes grant deeds, promissory notes, deeds of trust, leases and otherwise deals with the property held in the trust only upon specific written authorization and direction from the Beneficiary(ies) of the trust.
text: All the property held by the trust is immediately transferred to its beneficiaries, and the trust entity is dissolved.