A testamentary trust (sometimes referred to as a will trust or trust under will) is a trust which arises upon the death of the testator, and which is...
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entrusted property is known as the "corpus" or "trust property". A testamentary trust is an irrevocable trust established and funded pursuant to the terms...
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Testator (redirect from Testamentary)
disposition, or gift made in a will (see that article for types). Testamentary trust, a trust that is created in a will. A will is also known as a last will...
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Inter vivos (category Wills and trusts)
lifetime, as opposed to a testamentary transfer that takes effect on the death of the giver. The term is often used to describe a trust established during one's...
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duPont Testamentary Trust is a non-profit organization created by philanthropist Alfred Irénée du Pont in 1935, devoted to supporting the trust's sole charitable...
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directions set forth in a will) and also be a trustee of a testamentary trust created by the will. trust law inheritance executor trustee Minor, James F. (October...
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sometimes referred to as a family trust in Australia or New Zealand. Where the discretionary trust is a testamentary trust, it is common for the settlor (or...
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used to constitute a trust. Trust instruments are generally only used in relation to an inter vivos trust; testamentary trusts are usually created under...
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living) or in a will (which creates a testamentary trust). Therefore, in understanding certain terms in a trust, general rules of construction regarding...
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trust holds stock. A trust is eligible to hold S corporation stock if it is a Subpart E trust ("grantor trust"), a testamentary trust, a voting trust...
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Settlor (redirect from Trustor (trust law))
settlor is also referred to as a trustor, or occasionally, a grantor or donor. Where the trust is a testamentary trust, the settlor is usually referred...
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Will and testament (category Wills and trusts)
applies to both personal and real property. A will may also create a testamentary trust that is effective only after the death of the testator. Throughout...
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established as either a living trust, or a testamentary trust. Leonard Henson of Guelph, Ontario had set up an absolute discretionary trust for his daughter. The...
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multimillionaire, with the bulk of his fortune sustaining the Alfred I. duPont Testamentary Trust. Du Pont was born in the Brandywine Valley region of Delaware to which...
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Choice of law (section Trusts and succession)
the state where the property is located. Where an inter vivos or testamentary trust includes immovables, reference must be made to the lex situs on all...
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Alfred I. du Pont for nine years before running the Alfred I. duPont Testamentary Trust's businesses himself for another 46 years. He founded and led the St...
24 KB (3,078 words) - 16:31, 13 May 2024
In the common law tradition, testamentary capacity is the legal term of art used to describe a person's legal and mental ability to make or alter a valid...
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a trust deed) (also called an inter vivos trust), as a result of a testamentary trust or as a result of the operation of law as a constructive trust or...
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Library of Australia. His will established the Brian May Trust, a charitable testamentary trust, to provide a scholarship to promising Australian film composers...
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Rubber Company Victorine & Samuel Homsey Wilmington Trust yet2.com Alfred I. duPont Testamentary Trust American Liberty League Camp Rodney (Boy Scouts of...
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of the Alfred I. duPont Testamentary Trust, which had a value over $5 billion in 2015. Du Pont's will stipulated that the trust make an annual disbursement...
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Mayor Phil Hardberger and attorney Art Bayern as co-executors of the testamentary trust of Shirley L. Benson, replacing Benson as trustees of the estate....
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an inter vivos trust or a testamentary trust), where the trustee owes additional duties and has additional powers specified by the trust instrument. The...
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A resulting trust is an implied trust that comes into existence by operation of law, where property is transferred to someone who pays nothing for it;...
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the constitution of the state". This unique testamentary trust became known as the Sarawak Sovereignty Trust. When James Brooke first arrived in Sarawak...
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death of its founder James Wilson in 1860, The Economist was held in testamentary trust for his six daughters and their dependents. The eldest, Mrs Bagehot...
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duPont Testamentary Trust, valued at $3.4 billion in 2009. The trusts supporting the Nemours Foundation (the A.I. duPont Testamentary Trust and the Edward...
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benefits. Charitable trusts can be set up inter vivos (during a donor's life) or as a part of a trust or will at death (testamentary). There are two basic...
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Although this method of creating a trust did not meet the formal requirements of trust creation, or the testamentary formalities required to make a valid...
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two of the organizations set up by the trust, the Nemours Foundation and the Alfred I. duPont Testamentary Trust. She also sat on the boards at the Alfred...
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