The "body" of the trust (corpus is latin for "body"), this is the property that is transferred into the trust. Also know as the Trust Res.
Definition from Nolo’s Plain-English Law Dictionary
Latin for "the body" of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Also called the trust res.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:26 pm