see also marital deduction rely on and power of appointment rely on Within this entry — Massachusetts belief
: a trust from which the beneficiary receives on a yearly basis a set share of the net reasonable market worth of the rely on assets — unit rely on : a trust working to be a car for financial investment whose portfolio includes prolonged-time period bonds which are held to maturity — voting rely on : a trust developed because of the transfer of lawful title to shares of inventory into a trustee or trustees who physical exercise the corporate voting rights conferred by ownership in the shares as agreed while in the rely on instrument Take note: The shareholders transferring lawful title for their shares retain the equitable title and keep on to get dividends as well as other distributions.
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a. To own or area self confidence in; depend upon: only trusted his close friends; did not belief the strength of The skinny rope; couldn't be trusted to oversee much funds.
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ˈä-nə-ˌrer-ē- : a trust that's produced for a purpose which isn't charitable and that names no particular beneficiary Note: An honorary trust may be upheld where authorized by statute if its function (as for your treatment of an animal or grave) is sufficiently apparent. An honorary rely on is matter towards the rule versus perpetuities, on the other hand. — Illinois land have faith in : land trust With this entry — implied have confidence in : a have confidence in arising by operation of regulation when the instances of the transaction indicate the development of the have faith in that is not expressly made through the get-togethers and especially when a belief is critical to stay away from an inequitable end result or to circumvent fraud — personal plan pension believe in : an coverage have confidence in made as being a retirement system by which specific everyday living insurance policy procedures are procured for workers and held in believe in with the employer to fund the approach — insurance have confidence in : a rely on wherein the principal includes an insurance policy policy or its proceeds — inter vivos have faith in : a rely on that results in being effective throughout the lifetime from the settlor
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