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When a trust is formed, assets are transferred from the grantor to a trustee, who holds and manages them on behalf of the beneficiaries specified in the trust agreement. The trustee has a legal duty to administer the trust according to its terms, act in the best interests of the beneficiaries, and follow all applicable laws and regulations. Trusts provide a way to protect and manage assets, avoid probate, and ensure assets are distributed according to the grantor's wishes.
Tim has formed a close bond with his parents. What is the term for this bond?
attachment
What happens if you break your parents trust twice?
Repeatedly breaking your parents' trust can strain your relationship with them and erode the foundation of trust. It may lead to consequences such as stricter rules, loss of privileges, or damaged communication. Rebuilding trust after multiple breaches may take time and effort from both sides.
What is formed when carbon reacts with air?
When carbon reacts with air (specifically oxygen), it forms carbon dioxide (CO2).
What happens when iodine is added to cornstarch?
When iodine is added to cornstarch, a blue-black complex is formed. This is utilized as a simple test to detect the presence of starch in a given substance.
What happens when a new scientific substance is formed?
When a new scientific substance is formed, it may exhibit unique physical and chemical properties. Scientists analyze its characteristics through experiments and studies to understand its behavior, reactivity, and potential applications. This information helps expand our knowledge of chemistry and materials science.
What happens when trust is formed?
When a trust is formed, a company or a group of people are able to control many other companies together.
What happens when a trust is?
When a trust is formed, a company or a group of people are able to control many other companies together.
What happens when a trust is formed history wise?
D. A company or a group of people are able to control many other companies together. APEX
What happends when a trust is formed?
When a trust is formed, assets are transferred to a trustee to hold and manage for the benefit of the trust's beneficiaries as specified in the trust agreement. The trustee has a fiduciary duty to administer the trust in accordance with the trust agreement and applicable laws. The beneficiaries have a legal right to the assets and any income generated by the trust.
When was the Woodland Trust formed?
The Woodland Trust was formed in 1972. It is a conservation charity, dedicated to protecting woodland to preserve natural beauty, and is based in the UK.
When was hollister formed?
it was formed in 1922 trust me im a expert in all the hollsiter stuff
Do the beneficiaries of a trust have a say as to what happens in the trust?
That will depend on how the trust is written. In most cases the beneficiaries have no say in how the trust is distributed.
What happens if your house is in trust and goes to foreclosure?
What happens? the bank forecloses of course. The fact that the house is in a trust doesnt change anything.
What man formed the first trust?
John D. Rockefeller
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 ruler united Greece and where was he formed?
alexander the great and he was from the athens i know this trust me
What is formed by a tight network of capillaries?
The blood-brain barrier trust me
