Assertion: trust | /r/HasProperty | created
Facets:
value: orally
type: MANNER
value: often
type: TEMPORAL
value: pursuant to an estate plan
type: CAUSE
value: between them
type: LOCATION
value: during the lifetime of the trustor
type: TEMPORAL
Source sentences:
text: Totten Trust: Also known as a payable-on-death account, this trust is created during the lifetime of the trustor, who also acts as the trustee.
text: The people under threat work closely and passionately together to defeat the enemy, often trusting an in-group person with their lives, even though no trust has been developed between them, other than their membership of the same group.
text: Property must exist and be definite or definitely ascertainable at the time the trust is created and throughout its existence.
text: so described that his identity can be learned when the trust is created or within the time limit of the Rule against Perpetuities, which is usually measured by the life of a person alive or conceived at the time the trust is created plus 21 years.
text: so described that his identity can be learned when the trust is created or within the time limit of the Rule against Perpetuities, which is usually measured by the life of a person alive or conceived at the time the trust is created plus 21 years.
text: Trust Transfers A trust is created when property is transferred in trust to a trustee for the benefit of another or even for the benefit of the settlor.
text: A mere expression of hope that a trust be created does not constitute an intention to create a trust.
text: The date the trust was created
text: It is called a living trust because it is created while the property owner, or trustor, is alive.
text: As with a corporation, a trust has to be created by, run by, and exist for the benefit of people.
text: One way to categorize trusts is by determining when they are created, or when they take effect.
text: The type of information a trustor has to include in the trust instrument differs slightly depending on the type of trust being created and the trustor’s specific wishes, but there are some details that all trust instruments need to include:
text: A trust instrument usually includes a description of the type of trust being created, and the reason the trustor is creating it.
text: A trust instrument usually includes a description of the type of trust being created, and the reason the trustor is creating it.
text: If the trust is created while the grantor is still alive, it is called a living trust or an inter vivos trust.
text: Once the trust is created, Larry is holding the car for Ahmed and must protect the property for him.
text: the person who specifies that the trust be created, usually as a part of his or her will, but it may be set up in abeyance during the person's lifetime.
text: A trust can be created to oversee such assets.
text: —maybe something you purchased long after the trust was created and that you never got around to moving into the trust
text: A testamentary trust (or will trust) is created when an individual dies and the trust is detailed in their last will and testament.
text: After the trust is created, the executor follows the directions in the will to transfer property into the testamentary trust.
text: Irrevocable Trust : As the name suggests, once these trusts are created they generally can’t be changed.
text: : As the name suggests, once these trusts are created they generally can’t be changed.
text: Also, the court may be called upon to deal with circumstances not imaginable by the settlor at the time the trust was created to make the trust
text: Trusts are often created pursuant to an estate plan for wealthy individuals to avoid the effects of the federal estate tax.
text: Trusts may be created to get funds to the next generation where there is significant wealth and federal exclusionary gifts have already been used up.
text: Trusts may be created to protect an individual's welfare or other state benefits.
text: A trust may be created by: (1) transfer of property to another person as trustee during the settlor's lifetime or by will or other disposition taking effect upon the settlor's death; (2) declaration by the owner of property that the owner holds identifiable property as trustee; or (3) exercise of a power of appointment in favor of a trustee.
text: However, abiding by the old common law rules, the Uniform Trust Code does recognize that a trust can be created orally.
text: The trust is created after the will goes through probate.
text: Only once that’s established will the trust be created.
text: Once this is complete, the trust is created and funds can begin to be disbursed.
text: Even if talking about trust can be awkward or uncomfortable, it is only by talking about trust, and trusting, that trust can be created, maintained and restored.
text: A trust that is created and is funded from estate assets pursuant to the terms of a will, when the will is probated.
text: Irrevocable Trust: Once the trust is created and funded, the grantor has no power to revoke or amend the trust or to remove assets from the trust.
text: The trust was created to own a life insurance policy and collect its eventual proceeds.
text: Trusts are created and governed under state law, usually by a detailed written instrument called a trust instrument or trust agreement.
text: A trust is created when trust property is transferred, or via a declaration of trust whereby the settlor himself is the trustee holding property for the beneficiary, in which case transfer is unnecessary; Formalities – Statutory provisions regulating the creation of a trust or will must be complied with;
text: Since the only person who could change the terms is deceased before the trusts are created, testamentary trusts are irrevocable.
text: Their form requires you and all of your other co-trustees to sign the form in front of a notary before your trust is created.
text: After your trust is created, you must amend your trust each time that you want to appoint an additional co-trustee.
text: The written terms of the trust agreement—the trust's formation documents—are more or less set in stone after the trust has been created.
text: The trustee might have discretion to decide when and why payments are made, or the creator of the trust can set these terms in the trust documents when the trust is created.
text: As the trust is being developed, the creator will put a provision in their will that leaves assets up to the estate tax exemption to the trust.