trust fund definition
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Trust Fund Definition in Estate Planning Technically, a trust’s fund is the property it owns, whether it be cash, stocks, bonds, life insurance or real estate. This property is also sometimes called the trust’s corpus. Ideally, the corpus will generate income, perhaps in the form of interest, dividends or rents.
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Family Trust Law and Legal Definition Family Trust Law & Legal Definition. A family trust is a trust created to benefit persons who are related to one another by blood, affinity, or law.It can be established by a family member for the benefit of the members of the family group. Family trusts acts as an instrument to pass on the assets to future generations. family trust is a trust created to benefit persons who are related to one another by blood, affinity, or law.
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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. trust is created by a settlor, who transfers title to some or all of his or her property to a trustee, who then holds title that property in trust for the benefit of the beneficiaries. The trust is governed by the terms under which it was created.
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Mutual fund Mutual fund. Definition: Mutual funds are pools of money that are managed by an investment company. They offer investors a variety of goals, depending on the fund and its investment charter. Some funds, for example, seek to generate income on a regular basis. Others seek to preserve an investor's money. Still others seek to invest in companies that are growing at a rapid pace. Funds can impose a sales charge, or load, on investors when they buy or sell shares. Many funds these days are no load and impose no sales charge. Mutual funds are investment companies regulated by the Investment Company Act of 1940. Related: open-end fund, closed-end fund.
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Trust Fund Definition in Estate Planning Definition of a Trust Fund in Legalese. After a grantor forms a living trust -- either revocable or irrevocable -- he must move property into its ownership or the trust is useless, just an empty vessel. The legal term for this process is called “funding a trust.
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Definition of a Trust In general, a trust is a relationship in which one person holds title to property, subject to an obligation to keep or use the property for the benefit of another. A trust is formed under state law. You may wish to consult the law of the state in which the organization is organized. Note that for a trust to qualify under section 501(c)(3) of the Code, its organizing document must contain certain language. Publication 557 contains suggested language. Continue
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sinking fund Definition of sinking fund: A fund into which a company sets aside money over time, in order to retire its preferred stock, bonds or debentures. In the... Definition of sinking fund: A fund into which a company sets aside money over time, in order to retire its preferred stock, bonds or debentures.
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What is a 'Trust Fund' Loading the player... A trust fund is a fund comprised of a variety of assets intended to provide benefits to an individual or organization. A grantor establishes a trust fund to provide financial security to an individual, most often a child or grandchild, or organizations, such as a charity or other nonprofit organization.
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Trusts Law and Legal Definition Trusts Law & Legal Definition. A trust is the legal relationship between one person, the trustee, having an equitable ownership or management of certain property and another person, the beneficiary, owning the legal title to that property.rusts Law & Legal Definition. A trust is the legal relationship between one person, the trustee, having an equitable ownership or management of certain property and another person, the beneficiary, owning the legal title to that property.
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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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How to Set Up a Trust Fund in Texas A trust fund is a way of conveying money or property following your death. In Texas there are many different types of trusts, including revocable and irrevocable trusts. A revocable trust may be altered by the person who created it, whereas an irrevocable trust cannot. Each type of trust has different tax consequences.
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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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fund 1 : a sum of money or other resources whose principal or interest is set aside for a specific objective client security fund : a fund established by each state to compensate clients for losses suffered due to their attorneys' misappropriation of funds common trust fund : an in-house trust fund established by a bank trust department to pool the ...
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Consider a trust fund for your kids even if youâre not rich A trust is usually set up to provide financial security for children or other family members. It can contain a number of assets beyond cash and mutual funds, such as property. trust is usually set up to provide financial security for children or other family members. It can contain a number of assets beyond cash and mutual funds, such as property.
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How Limited Term Trusts Work Trust funds aren't just for the very wealthy. On the contrary, a trust is a flexible financial option that can protect any individual's or family's assets. A limited-term trust is one type of trust that's created for a specific number of years. Let's remove the mystique of the trust fund. A trust is simply a legal relationship, drawn up by a lawyer to serve a specific
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trustor Noun. 1. trustor - (law) a person who creates a trust by giving real or personal property in trust to a trustee for the benefit of a beneficiary; a person who gives such property is said to settle it on the trustee. settlor. bestower, conferrer, donor, giver, presenter-person who makes a gift of property.
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Living Trust Information A trust is an arrangement whereby property is managed by one person, called the trustee, for the benefit of another person, called the beneficiary. The trustee holds legal title to the property, and owes a fiduciary duty to the trustee.The trust is created by the grantor, who entrusts his or her property to the trustee for the benefit of the beneficiary of his or her choice.The grantor does not have to designate someone else to be the trustee, but may choose to be the trustee himself.he trust is created by the grantor, who entrusts his or her property to the trustee for the benefit of the beneficiary of his or her choice. The grantor does not have to designate someone else to be the trustee, but may choose to be the trustee himself.
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- About SPDR S&P 500 ETF Trust (SPY) SPDR S&P 500 ETF Trust (the Trust) is a unit investment trust. The Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index (the Index).
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- The term “endowment fund” means a fund established by State law, by an institution of higher education, or by a foundation which is exempt from taxation and is maintained for the purpose of generating income for the support of the institution, but which shall not include real estate.
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United States trust law United States trust law is the body of law regulating the legal instrument for holding wealth known as a trust. Most law regulating the creation and administration of trusts in the United States is now statutory at the state level.nited States trust law is the body of law regulating the legal instrument for holding wealth known as a trust. Most law regulating the creation and administration of trusts in the United States is now statutory at the state level.
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Trusts: An Overview Trusts: An Overview. Trusts are estate-planning tools that can replace or supplement wills, as well as help manage property during life. A trust manages the distribution of a person's property by transferring its benefits and obligations to different people.
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Trust (emotion) The definition of trust as a belief in something or a confident expectation about something leads to eliminate the notion of risk from the definition, because it does not include whether the expectation or belief is favorable or unfavorable.
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The Inmate Trust Fund -- Explained What an inmate trust fund is. An inmate trust fund is essentially the bank account of an offender while they're incarcerated. If they have a job in prison, their wages are typically deposited into that account, and if they need spending money -- say, for snacks, personal care products, postage, and other items -- they get that from the fund, too.
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Q.What is the Medicare trust fund, and how is it financed?A.The Medicare trust fund finances health services for beneficiaries of Medicare, a government insurance program for the elderly, the disabled, and people with qualifying health conditions specified by Congress. It is financed by payroll taxes, general tax revenue, and premiums paid by enrollees. The hospital insurance (HI) trust fund, also known as Part A of Medicare, finances health care services related to stays in hospitals, skilled nursing facilities, and hospices for eligible beneficiaries, who are mainly people over age 65 with a sufficient history of contributions to the program.
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Charitable Remainder Annuity Trust A trust is a legal document that authorizes a trustee, who can be the grantor (or the creator of the trust), to hold title to and manage assets. The grantor retains the ability to revise the trust up until death. Unlike in a will, assets in a living trust will generally pass to heirs sooner.
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trust Search the Definitions. n. an entity created to hold assets for the benefit of certain persons or entities, with a trustee managing the trust (and often holding title on behalf of the trust).