trust

(Wex page)

An accumulation trust is a trust in which the trustee does not distribute the income from the trust, but instead gathers the income and any profits from sale of trust assets and holds these in the trust until the trust terminates (at a time specified...

(LIIBULLETIN preview)

In December 1991, a fire in an underground storage facility destroyed food and other products that ConAgra Foods, Inc. (“ConAgra”) was storing there. See ConAgra Foods, Inc. v. Americold Logistics, LLC, No. 13-2064-JWL, 2013 WL 5530274, *3 (D. Kan. Oct...

(Wex page)

A trust in which the beneficiaries have no knowledge of the holdings or management of the trust by the trustees. Blind trusts are used in situations where the beneficiary is to be kept unaware of the trust assets specifics, usually for reasons of...

(Wex page)


A bypass trust is a tax--minimizing estate planning arrangement for spouses. During life, the couple transfers ownership of property into two trusts. At the death of the first spouse, some of the property goes to one trust (Trust A) for the...

(Wex page)

A charitable trust in which the income from the trust is used for a charitable purpose, and the body of the trust property will later revert back to the original donor (or another person specified - typically their children or grandchildren).

...

(Wex page)

A form of charitable remainder trust in which the trustee pays the income beneficiary a fixed amount each year.

Compare to Charitable Remainder Unitrust.

(Wex page)

A irrevocable charitable trust in which the income from said trust goes to the donor (or a specified beneficiary), and the body of the trust property will later go to a charity. This is used for tax savings - the IRS will allow a deduction in the year...

(Wex page)

A form of charitable remainder trust in which the annual payment to the income beneficiary is based on a percentage of the trust.

Compare to Charitable Remainder Annuity Trust

(Wex page)

A type of pooled trust in which funds are placed in trust in perpetuity for public-health, educational, and other charitable purposes.

(Wex page)

Also known as a standby trust. This is a trust with a catch, a future event specified in the trust instrument that must occure for the trust to operate.

Pages