trust u/a definition
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Can a Trustee be Under Agreement (U/A) with a trust ? Posted April 18, 2013 6:46pm. I agree that your question is not entirely clear. U/A is a common abbreviation used when referring to a trust agreement. If Jack Doe is acting as Trustee of the John Doe Living Trust, then the above caption would appear to be fine. James Frederick. ***Please be sure to mark if you find the answer helpful or a best answer.
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trusting trust definition A combination of firms or corporations for the purpose of reducing competition and controlling prices throughout a business or industry. Trusts are generally prohibited or restricted by antitrust legislation.
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- DEFINITION of 'Living Trust'. A property interest created during a person's life that allows easy transfer of assets without going through the process of probate. A living trust is an agreement where the trustee holds the legal possession of a fund or assets that belong to another person, the beneficiary, and it is created while the person is alive. This is different compared to other types of trusts that are created through the person's will. Also known as inter-vivos trust.
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What is a trust? What is a trust? A legal trust is a entity frequently used in estate planning to help a person distribute property or provide for a loved one after they have passed away. The trust is a written set of rules that will determine how, what, when, and where a gift or property is to be distributed to an heir or beneficiary.
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Trust law A trust is a relationship whereby property is held by one party for the benefit of another. A trust is created by a settlor, who transfers property to a trustee. The trustee holds that property for the trust's beneficiaries. Trusts exist mainly in common law jurisdictions and similar systems existed since Roman times.
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- Alliance Trust is an investment trust with a unique global equity portfolio that brings together an alliance of best-in-class equity managers (as rated by Willis Towers Watson) and their best ideas login to ats →
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trust Definition of trust. 1  1a : assured reliance on the character, ability, strength, or truth of someone or somethingb : one in which confidence is placed. 2  2a : dependence on something future or contingent : hopeb : reliance on future payment for property (such as merchandise) delivered : credit bought furniture on trust.
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- A trust is created by a settlor or grantor (the terms are interchangeable) who funds or gives property to the trust. As the trust creator, the grantor sets the terms under which the donated assets shall be managed and distributed. The grantor names one or more trustees. The trustee may be the grantor.
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Trusts A trust is a legally binding arrangement for the ownership and management of money or property, by one person on behalf of another. Trusts are commonly used to preserve assets, for tax planning and to provide for children, disabled persons and charitable causes.
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Definition of a Living Trust A trust is an arrangement in which one or more people manage or take care of property for someone else's benefit. A living trust is a trust that is created during your lifetime. In other words, while you are still alive, you transfer title to your property from your name to that of the trustee of the living trust.
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Antitrust Law and Legal Definition Antitrust Law & Legal Definition. Trusts and monopolies are concentrations of wealth in the hands of a few. Trusts and monopolies are considered harmful restraints of trade which alter normal marketplace competition, and yield undesirable price controls.NTI-TRUST LAWS. The Sherman Antitrust Act prohibits monopolies and restraint of trade. For example, several suppliers of widgets get together and agree they will all sell widgets for $1.00 to stores, and no less. This hurts competition.
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Charitable organization A Trust is essentially a relationship between three parties, the donor of some assets, the trustees who hold the assets and the beneficiaries (those people who are eligible to benefit from the charity). When the trust has charitable purposes, and is a charity, the trust is known as a charitable trust.
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Arch User Repository A Trusted User, in short TU, is a person who is chosen to oversee AUR and the community repository. They are the ones who maintain popular PKGBUILDs in community, and overall keep the AUR running.
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Simple Trust A trust in which the beneficiary may take ownership of the assets in the trust at any time. He/she may also take any and all income the trust produced whenever he/she wishes. The trustees of a simple trust must act in accord with the beneficiary's wishes. A simple trust contrasts with other types of trusts, in which the trustees are not answerable to the beneficiary. A simple trust is also called a bare trust.
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Trust (emotion) In a social context, trust has several connotations. Definitions of trust typically refer to a situation characterized by the following aspects: One party is willing to rely on the actions of another party; the situation is directed to the future. In addition, the trustor abandons control over the actions performed by the trustee. As a consequence, the trustor is uncertain about the outcome of the other's actions; they can only develop and evaluate expectations. The uncertainty involves the risk
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Deed of trust (real estate) Deed of trust (real estate). From Wikipedia, the free encyclopedia. In real estate in the United States, a deed of trust or trust deed is a deed wherein legal title in real property is transferred to a trustee, which holds it as security for a loan (debt) between a borrower and lender. The equitable title remains with the borrower.
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What is a Trust Fund? A trust fund is a financial tool that holds and administers assets for the benefit of another person or organization, called a beneficiary. The initial assets for the fund are provided by a grantor or donor, and a trustee or team of trustees manages the funds according to that person's instructions. The beneficiary receives payment from the fund as a lump sum or in periodic installments, according to the terms of the trust.
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trust Trust. 1  A fiduciary relationship calling for a trustee to hold the title to assets for the benefit of the beneficiary. 2  1. A relationship in which one party, known as the trustor, gives to a person or organization, known as the trustee, the right to hold and invest assets or property on behalf of a third party, known as the beneficiary. Most trusts exist to provide for the financial future of a minor child or mentally incompetent person.
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Trust law In the simplest terms, a trust is a three-party arrangement in which the founder of. the trust (commonly known as the donor, grantor, or settlor) transfers legal title of the. trust property (a res) to a trustee (a fiduciary with respect to the property) to hold and to.
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- Bank of America • 1945 answers • 94% helpful. TTEE is used as an abbreviation for trustee, the person responsible for administering the trust. I'm not sure what you mean by a member of a trust.. Trusts are established, in general, to protect the financial assets of an individual or group, as in a family trust.
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trust Verb[edit] trust ‎(third-person singular simple present trusts, present participle trusting, simple past and past participle trusted) (transitive) To place confidence in; to rely on, to confide, or have faith, in.
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- Deed of Trust. A document that embodies the agreement between a lender and a borrower to transfer an interest in the borrower's land to a neutral third party, a trustee, to secure the payment of a debt by the borrower.
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All You Need To Know About Trusts Trustee: the person, people, or entity (such as a bank) that agrees to hold the property or assets (the grantor may be the Trustee) Principal: the property or assets themselves, including money, which is held in the Trust and managed by the Trustee.
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Basic Trust FAQ An aircraft trust is basically a relationship where a trustee owns an aircraft on behalf of an entity or individual.The trust is established as an extension of the true owner, also called the trustor or trust beneficiary.The trustee acts for the beneficiary and the aircraft is titled and registered in the name of the trustee.This relationship is often called an owner trust because the benefit of the trust and all assets go to the true owner of the trust.n aircraft trust is basically a relationship where a trustee owns an aircraft on behalf of an entity or individual.
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- The federal Indian trust responsibility is a legal obligation under which the United States “has charged itself with moral obligations of the highest responsibility and trust” toward Indian tribes (. , 1942).
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Discretionary (Family) Trusts Discretionary (Family) Trusts. What is a Discretionary Trust? A trust is a relationship where a person (called the trustee) is under an obligation to hold property for the benefit of another person (the