Living trust means an inter vivos trust created by a natural person:
Living trust means a revocable or irrevocable inter vivos trust funded with assets to which the recipient is legally entitled.
Living trust means a revocable living trust established by the Purchaser for estate planning purposes and pursuant to which no one other than the Purchaser and/or the Purchaser's spouse is the beneficiary during the Purchaser's lifetime.
Examples of Living trust in a sentence
For Revocable and Living Trust Accounts, the individual establishing the Trust (the "Settlor") must be a member of the Credit Union and any withdrawal of Trust Account funds will be deemed a revocation of the Trust to the extent of any such withdrawal unless otherwise provided for in the Trust documentation.
This Trust shall be known as the “___________________ Revocable Living Trust” hereinafter known as the “Trust” and ☐ is ☐ is not an amendment to a prior Living Trust.
This Trust shall be known as the “ Revocable Living Trust” hereinafter known as the “Trust” and ☐ is ☐ is not an amendment to a prior Living Trust.
For Revocable and Living Trust Accounts, the individual establishing the Trust (the "Settlor") must be a member of the Credit Union and, any withdrawal of Trust Account funds will be deemed a revocation of the Trust to the extent of any such withdrawal unless otherwise provided for in the Trust documentation.
Each trustee understands that any trustee acting alone may change, add or close the account and/or a service, and that his or her signature on the Living Trust Account Signature Card or continued use of an account or service confirms his or her agreement to any later change, addition or closure of an account and/or service by any other trustee on the account.
More Definitions of Living trust
Living trust presently owns an undivided 16.0589% interest in and to, and W.E. Mason and Hazel Mason, Txxxxxes of xxx Xxxxn Living Trust presexxxx owns an undivided 12.5821% interest in and to, and Marvin L. Webb Family Trxxx xxxxxxxxx owns an undivided 17.1199% interest in and to, and Nick DeVito, Inc. presenxxx xxxx xx undivided 11.4706% interest in and to the land, situated in the City of St. Paul, County of Ramsey, xxx State of MN, (xxxxlly described upon Exhibit A attached hereto and hereby made a part hereof) and in and to the improvements located thereon (hereinafter called "Premises");
Living trust. Preamble "Matt Annuity Trust" Preamble "Other Documents" 4.03(a) "Parent" Preamble "Parent Common Stock" 2.06(b)(ii) "Parent SEC Reports" 5.05(a) "Permits" 3.13(a) Defined Term Section
Living trust means a trust into which an individual can place all of his or her assets during his or her lifetime and, by transferring ownership of the assets to the name of the trust, thereby remove the assets from the individual's estate.
Living trust means a trust of which an individual Owner is a grantor and th e initial trustee or co-trustee, over which the individual Owner has the full right of revocation, and which will function during the Owner’s life primarily for the benefit of the Owner. However, if a subsequent amendment to this trust would cause the trust to function during the Owner’s life other than primarily for the Owner’s benefit, then that action is to be treated as a Transfer to someone other than a Permitted Transferee (unless the trust after such changes otherwise would qualify as a Permitted Transferee). For all purposes of this Agreement, the Interests owned by a Living Trust shall still be considered as owned by the individual grantor of the Living Trust, and all references to the death of a Owner, or any other provision that would apply to an individual and not a trust, shall be considered as applying to individual grantor of the L iving T rust. However, for purposes of making payments to an Owner (such as dividends, liquidating distributions and payments in exchange for the Interests owned by the trust) or the Owner’s estate, those payments shall be made to the Living Trust. The trustees, successor trustees, and all present and future beneficiaries of a Living Trust shall be fully bound by the provisions of this Agreement. Any notices required to be given to an Owner whose Interests have been Transferred to a Living Trust shall be mailed to the individual grantor as trustee of the Living Trust, or to any successor trustee of whom the Entity has received notice of appointment as successor trustee, together with such proof of appointment as counsel to the Entity shall require.
Living trust is a Trust created by a Trust Maker while he or she is alive. A “Testamentary Trust” is a Trust created in a Last Will & Testament that is created after the Trust Maker dies. Living Trusts are revocable or irrevocable. A revocable Trust is a Trust that the Trust Maker can modify or terminate after the Trust is created. An irrevocable Trust is a Trust that cannot be modified or terminated by anybody other than a court after it is created. Our Confidential Trusts are living Trusts that are revocable until a Trust Maker dies or becomes incapacitated at which time the Confidential Trust becomes irrevocable. A Trust is evidenced by a written Trust Agreement signed by the Trust Makers and the Trustees. The Trustees have the legal obligation to comply with the terms and conditions of the Trust Agreement. A Trustee who fails to comply with the Trust Agreement can be sued by and can be liable to the Beneficiaries for damages they suffer from the Trustee’s breach of the Trust Agreement.
Living trust. Preamble "Matt Annuity Trust" Preamble "Other Documents" 4.03(a) "Parent" Preamble Defined Term Section
Living trust means a trust of which the individual Shareholder is the sole grantor and is initial trustee or co-trustee, over which the individual Shareholder has the full right of revocation, and which will function during the Shareholder’s life primarily for the benefit of the Shareholder; provided, however, a subsequent amendment to the Living Trust shall constitute a Transfer of Certificates prohibited by this Agreement, unless otherwise permitted herein, if such amendment would do either of the following: (i) remove the grantor Shareholder as a trustee even though the Shareholder is still alive and competent, or (ii) cause the Living Trust to function during the Shareholder’s life other than primarily for the Shareholder’s benefit. The trustees, successor trustees, and all present and future beneficiaries of the Living Trust shall be fully bound by the provisions of this Agreement. Any notices required to a Shareholder whose Certificates have been transferred to a Living Trust shall be sent to the individual Beneficiary as trustee of the Living Trust, or any successor trustee of which the Corporation has been notified in writing.