Assertion: trust | /r/CapableOf | take effect
Facets:
value: often
type: TEMPORAL
Source sentences:
text: When Wills and Trusts Take Effect
text: One way to categorize trusts is by determining when they are created, or when they take effect.
text: Trusts are commonly referred to by specific names based on when they take effect or come into existence:
text: Because your will does not take effect until after you die and a probate court accepts the document as a valid expression of your last wishes, any trusts you direct to be created through the document can only take effect after that.
text: Because your will does not take effect until after you die and a probate court accepts the document as a valid expression of your last wishes, any trusts you direct to be created through the document can only take effect after that.
text: Also called “living trusts,” these trusts take effect when you’re still living.
text: Provided that the court accepts your will and agrees to fulfill the instructions you’ve laid out, that’s when any trusts would take effect, if you dictated that they should be created through the document.
text: A trust for the benefit of minor or disabled children often takes effect when both parents have died.