trust

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See Bypass Trust.

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Also known as a Trust Instrument, this is the device (usually a document) that creates the trust. It names the beneficiary(ies) and trustee(s), and may include the assets to be in the trust as well as issues about trust administration.

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A trust in which the trustee has less then full managerial authority, rather the additional control is appointed to someone else (fo example, an investment banker).

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A form of bypass trust in which the surviving spouse may disclaim property after the deceased spouses's death. The disclaimed property will go directly into the bypass trust (rather then to the surviving spouse). The surviving spouse will not have...

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A trust designed to avoid transfer and estate taxes by passing wealth down through family generations.

These trusts are irrevocable and often limited by state rules against perpetuity.

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Vickie Lynn Marshall (known to most of the world as Anna Nicole Smith) married eighty-nine-year-old billionaire oil tycoon J. Howard Marshall II in 1994, shortly before his death. During their fourteen-month marriage, Mr. Marshall provided his wife...

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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.

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See Declaration of Trust

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The trust document may appoint a trust protector and set out their powers. The trust protector specific duties will be as assigned in the trust document, but they are generally to direct the trustees in their administration of the trust, and ensuring...

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See Trust Corpus.

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