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What does Shall hold The Trust Fund Upon Trust mean?
The phrase "Shall hold The Trust Fund Upon Trust" indicates that a trustee is legally obligated to manage and protect the assets of the trust fund for the benefit of designated beneficiaries. This means the trustee must act in the best interests of the beneficiaries, adhering to the terms outlined in the trust document. The trustee has a fiduciary duty to ensure that the trust's assets are administered according to its purpose and the wishes of the grantor.
Does a revocable trust become irrevocable upon death of grantor?
It depends upon how the trust is written. Generally, yes.
What happens when the benefiary of a trust dies?
A properly drafted trust has provisions for the distribution of the trust property upon the death of the beneficiary.
What does the song don't trust you mean?
it mean i dont trust you
How do you dissolve an irrevocable trust upon death of grantor?
An irrevocable trust cannot be dissolved upon the death of the grantor unless there are specific provisions in the trust document allowing for it. Generally, the terms of the trust dictate how the assets are distributed after the grantor's death. In some cases, a court may be able to modify or terminate an irrevocable trust in certain circumstances. Consulting with an attorney experienced in trust and estate law is recommended to explore your options.
What is the meaning of 'ITF' on a bank statement?
It could mean: Internal Transfer of Funds In Trust For Interim Trust Fund International Trust Fund If the bank account is a ITF ("in trust for") or FBO ("for benefit of") type of trust account, then the beneficiary will gain immediate control of the account upon your death without going to court, though possibly subject to estate tax.
What does uwo mean in a trust?
U/W/O stands for "under the will of" F/B/O stands for "for the benefit of" Example of how a testamentary trust would be titled: Testamentary Trust fbo Sara L. Smith uwo Walter G. Jones This represents a testamentary trust established for Sara according to the will of and upon the death of Walter.
What do you mean by bandagan?
Early sultans,especially Illtutmish favoured their special slaves purchased for millitary service called bandagan in persian.They were carefully trained.As they were totally dependent upon their master,the sultan could trust and rely upon them.
What do you do when a boy asks to talk to you alone?
That depends upon your level of trust. If you trust someone, you can talk to them alone. If you do not trust someone, then it is better to avoid talking to them alone.
What does it mean to trust blindly?
it means to trust without thought..trust willingly
What does buen amigo mean?
A good friend is one you can trust upon. You can spend quality time and not get bored also.
What does betray mean?
it means to let someone down like:you betrayed me
