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单词 trust instrument
释义

Examplesoftrust instrument

trust instrument
In general trustees are under a duty to act jointly and have authority to act individually only if thetrustinstrumentso provides.
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Furthermore, the property interest need not be transferred contemporaneously with the signing of thetrustinstrument.
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A trustee has many rights and responsibilities which vary based on the jurisdiction andtrustinstrument.
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When deciding if a gift has failed, attention is first turned to the wording of thetrustinstrument.
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In an irrevocable trust, thetrustinstrumentmay, in some instances, grant the beneficiaries a power to remove a trustee by a majority vote.
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The powers vested in the protector vary both according to the proper law of the trust and the terms of thetrustinstrument.
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Otherwise, the trust would be treated as a simple or complex trust, depending on thetrustinstrument.
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This is a default provision, and can be made irrelevant if thetrustinstrumentcontains other rules and requirements.
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Where atrustinstrumentruns out or is silent, the law will fill the gaps.
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In some cases dependent upon thetrustinstrument, the trustees must make discretionary decisions as to whether beneficiaries should receive trust assets for their benefit.
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These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
#https://dictionary.cambridge.org//dictionary/english/trust-instrument##
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更新时间:2025/1/19 2:31:38