Study sets matching "trust"

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Study sets matching "trust"

Trust
Trust
Settlor
Trustee
Beneficiary
Trust creates a fiduciary relationship and are categorized ba…
owners transfers property to the trustee
manager who holds legal title to the property
benefits who holds equitable title to the property.
Trust
Trust creates a fiduciary relationship and are categorized ba…
Settlor
owners transfers property to the trustee
26 terms
TRUST
Valid trust
Termination of a trust
Claflin Doctrine
CA termination of a trust
An arrangement under which the trustee holds legal title to t…
1. Claflin Doctrine... 2. trustee or Beneficiaries request... 3. th…
Claflin Doctrine: most states may terminate the trust only if…
Under CA: a trustee or beneficiary may request termination if…
Valid trust
An arrangement under which the trustee holds legal title to t…
Termination of a trust
1. Claflin Doctrine... 2. trustee or Beneficiaries request... 3. th…
14 terms
Trust
George washington
Militia
Alliance
Cede
Leader of the virginia militia was sent to get the french to…
Organized body of armed volunteers
Agreement between nations or groups to aid and support one an…
To give up
George washington
Leader of the virginia militia was sent to get the french to…
Militia
Organized body of armed volunteers
229 terms
TRUST
1.Trust-creation and requirement... State…
1.Trust-creation and requirement... Where…
1.Trust-creation and requirement... Defin…
1.Trust-creation and requirement... Defin…
In the absence of a restrictive provision to the contrary, a…
• an earlier transferee neglects to inform the trustee of the…
A support provision is one in which the trustee is directed t…
A discretionary trust interest is one in which payment to the…
1.Trust-creation and requirement... State…
In the absence of a restrictive provision to the contrary, a…
1.Trust-creation and requirement... Where…
• an earlier transferee neglects to inform the trustee of the…
228 terms
Trust
Trust-creation and requirement... State w…
Trust-creation and requirement... Where a…
Trust-creation and requirement... Define…
Define Discretionary Trust.
In the absence of a restrictive provision to the contrary, a…
• an earlier transferee neglects to inform the trustee of the…
A support provision is one in which the trustee is directed t…
A discretionary trust interest is one in which payment to the…
Trust-creation and requirement... State w…
In the absence of a restrictive provision to the contrary, a…
Trust-creation and requirement... Where a…
• an earlier transferee neglects to inform the trustee of the…
7 terms
Trust
What is trust?
Four perception choices:
trust/deception/honesty graph choices
Untrustworthy meaning:
Faith that someone or something is as it appears and the outc…
Helping other and appearing to help others, helping others bu…
Lawful, neutral, true, or chaotic; good, neutral, Evil.
Lack of trust, or not to be depended on, slippery, treacherou…
What is trust?
Faith that someone or something is as it appears and the outc…
Four perception choices:
Helping other and appearing to help others, helping others bu…
45 terms
Trust
Trust validity
Trust validity - capacity of settlor
Trust validity - need for trustee
Trust validity - intent
1. Settlor... 2. Trustee... 3. Ascertainable beneficiaries... +... 4. I…
Settlor must have capacity... - No lack of legal capacity to con…
1. Inter vivos trust requires a trustee... 2. Testamentary trust…
Settlor must have manifestation of intent... 1. Intent must be…
Trust validity
1. Settlor... 2. Trustee... 3. Ascertainable beneficiaries... +... 4. I…
Trust validity - capacity of settlor
Settlor must have capacity... - No lack of legal capacity to con…
24 terms
Trust
Private Express Trust
Charitable Trust
Inter Vivos
Testementary
(1) intent to create a trust: oral, writing, conduct. Evidenc…
Charitable Purpose: Eradication of poverty, promoting educati…
- declaration + simultaneous delivery of property (no dominio…
Instructions for trust in will ... Hidden trust: looks like gif…
Private Express Trust
(1) intent to create a trust: oral, writing, conduct. Evidenc…
Charitable Trust
Charitable Purpose: Eradication of poverty, promoting educati…
6 terms
Trust
Exodus 14:14
Joshua 21:25
Joshua 23:8
Psalms 37:4-5
Be calm the Lord himself will fight for you
Not one of all the good things the Lord had promised the hous…
Rather cling tightly to the lord your God as you have done un…
Take delight in the Lord and he will give you your hearts des…
Exodus 14:14
Be calm the Lord himself will fight for you
Joshua 21:25
Not one of all the good things the Lord had promised the hous…
12 terms
Trust
penalty
rape
adult
minor
straff
våldtäkt
vuxen
omyndig
penalty
straff
rape
våldtäkt
17 terms
Trust
Income beneficiary
Trustee
Beneficiary
Spendthrift
The person named in the trust who receives income from the pr…
The person to who title to the trust property is transferred…
The person for whose benefit the trust is established
A trust that places restraints on alienating an interest in t…
Income beneficiary
The person named in the trust who receives income from the pr…
Trustee
The person to who title to the trust property is transferred…
Trust
Gillespie
Style Financial Services
Garden's Executors
s14 1964 Act
Declaration of trust: wording - 'for benefit of' or 'on behoo…
Declaration of trust: wording - must have regard to whole cir…
Precatory trust: saying "I should like that" is not strong en…
Provision stating that executor in mortis causa trust gains p…
Gillespie
Declaration of trust: wording - 'for benefit of' or 'on behoo…
Style Financial Services
Declaration of trust: wording - must have regard to whole cir…
6 terms
Trust
Psalm 37:3
Proverbs 3:5,6
Psalm 9:10
Jeremiah 17:7-8
Trust (lean on, rely on, and be confident) in the Lord and do…
Lean on, trust in, and be confident in the Lord with all your…
And they who know Your name [who have experience and acquaint…
[Most] blessed is the man who believes in, trusts in, and rel…
Psalm 37:3
Trust (lean on, rely on, and be confident) in the Lord and do…
Proverbs 3:5,6
Lean on, trust in, and be confident in the Lord with all your…
Trust
Trust
Individual Impact of Trust
Organizational Impact of Trust
____________ + ____________ = ________…
One's belief in the integrity of another person
Binds leaders and followers together
Losing confidence and integrity can lead to an organization's…
Self Disclosure + Trust = Stronger Relationships
Trust
One's belief in the integrity of another person
Individual Impact of Trust
Binds leaders and followers together
20 terms
trust
Spanish and american war
volunteers to fight in Cuba
progressive ear
trust
it was in 1898 u.s and Spain
...
1900-1910 time of reform
huge corporation
Spanish and american war
it was in 1898 u.s and Spain
volunteers to fight in Cuba
...
25 terms
Trust
What is Trust?
The Spectrum of Trust
Transaction Cost
Trust in Groups
Trust is both and emotional and logical act. Emotionally, it…
We don't trust all people equally and we don't all approach t…
The cost of distrust... Whenever you interact with another perso…
What makes a group a group: Is it the similarities between th…
What is Trust?
Trust is both and emotional and logical act. Emotionally, it…
The Spectrum of Trust
We don't trust all people equally and we don't all approach t…
Trust
A trustee is granted _____ title
Duty of a trustee
Express Trust
resulting trust
legal title.
fiduciary duty to manage, safeguard, and administer it for th…
expressed intention of the owner of the property
arise from the presumed intention of the owner of property
A trustee is granted _____ title
legal title.
Duty of a trustee
fiduciary duty to manage, safeguard, and administer it for th…
5 terms
Trust
Job 13:15
Psalm 37:5
Proverbs 3:5
Proverbs 3:6
Though He slay me, yet will I trust in Him.
Commit thy way unto the LORD; trust also in Him; and He shall…
Trust in the LORD with all thine heart; and lean not unto thi…
In all thy ways acknowledge Him, and He shall direct thy paths.
Job 13:15
Though He slay me, yet will I trust in Him.
Psalm 37:5
Commit thy way unto the LORD; trust also in Him; and He shall…
25 terms
trust
carbon
masculine
ancient
meat
andro-
ap-
allo-
-blast-
carbon
andro-
masculine
ap-
100 terms
Trust
Characteristic of Express Trust
Intent
Overcoming Precatory Expressions
Trustee Must Have Duties
1. Res... 2. Trustee... 3. Beneficiary... 4. Settlor... 5. Intent to crea…
1. Written or spoken words... 2. At the time of property ownersh…
1. Definite and precise directions... 2. Directions addressed to…
A "passive trust" is void, and the beneficiaries take legal t…
Characteristic of Express Trust
1. Res... 2. Trustee... 3. Beneficiary... 4. Settlor... 5. Intent to crea…
Intent
1. Written or spoken words... 2. At the time of property ownersh…
Trust
Exodus 14:14
Joshua 21:45
Joshua 23:8
Psalm 37:4-5
...
...
...
...
Exodus 14:14
...
Joshua 21:45
...
26 terms
trust
trust
fundamental social dilemma
why does anyone trust?
disposition
a willingness to leave yourself vulnerable to the acts of ano…
cooperating leads to better outcomes, but in cooperating you…
three reasons: disposition, cognition, affect
whether you're inclined to trust
trust
a willingness to leave yourself vulnerable to the acts of ano…
fundamental social dilemma
cooperating leads to better outcomes, but in cooperating you…
12 terms
Trust
penalty
rape
adult
minor
straff
våldtäkt
vuxen
omyndig
penalty
straff
rape
våldtäkt
TRUST
Be still my soul 1
Bear patiently
Leave to thy god
In every change
The lord is on thy side
The cross of grief or pain
To order and provide
He faithful will remain
Be still my soul 1
The lord is on thy side
Bear patiently
The cross of grief or pain
7 terms
Trust
Exodus‬ ‭14:14‬
Joshua‬ ‭21:45‬
Joshua‬ ‭23:8‬
Psalm‬ ‭37:3‬
"The Lord will fight for you; you need only to be still."
"Not one of all the Lord's good promises to Israel failed; ev…
"But you are to hold fast to the Lord your God, as you have u…
"Trust in the Lord and do good; dwell in the land and enjoy s…
Exodus‬ ‭14:14‬
"The Lord will fight for you; you need only to be still."
Joshua‬ ‭21:45‬
"Not one of all the Lord's good promises to Israel failed; ev…
28 terms
Trust
Private Express Trust
Property of the Trust
Illusory interests cannot be the subje…
Honorary Trust
Private Express Trust Defined... A fiduciary relationship with r…
Rule: Any presently existing interest in property that can be…
[a] Future profits to a business.... [b] A debt that settlor owe…
a trust which has no ascertainable beneficiary and confers no…
Private Express Trust
Private Express Trust Defined... A fiduciary relationship with r…
Property of the Trust
Rule: Any presently existing interest in property that can be…
115 terms
Trust
Trust
Bi-furcated Transfer
Principal
Income
A trust is a fiduciary relationship where trustee(s) are call…
Trustee owns legal title... Beneficiaries own equitable title
Original trust property and any increase in value
money generated by investment of trust property
Trust
A trust is a fiduciary relationship where trustee(s) are call…
Bi-furcated Transfer
Trustee owns legal title... Beneficiaries own equitable title
15 terms
Trust
Who does the trust function report to?
Definition of a Fudiciary
Trust Rating
Elements of an effective internal cont…
The board (trust officers report directly to the board)
Person/legal entity charged with acting for the benefit of an…
MOECA... Management... Operations, controls and audit... Earnings... Com…
Dual Control... Segregation of Duties... Independent Reconcilement…
Who does the trust function report to?
The board (trust officers report directly to the board)
Definition of a Fudiciary
Person/legal entity charged with acting for the benefit of an…
13 terms
Trust
Trust based on balance of 2 elements
Character
Competence
5 waves of trust
1. Character... 2. Competence... - BOTH are vital to complete trust…
- Ethics is foundational for trust across all situations... - In…
- Applies to situations... - Capabilities, skills, results, prio…
1. Self trust... 2. Relationship trust... 3. Organizational trust... 4…
Trust based on balance of 2 elements
1. Character... 2. Competence... - BOTH are vital to complete trust…
Character
- Ethics is foundational for trust across all situations... - In…
Trust
What is a trust? Principal? Income?
What is presumption of a trust regardi…
What is an mandatory trust vs. discret…
What is the definition of remedial tru…
Def: A trust is a management device for holding and managing…
Under IL law, a trust is presumed to be irrevocable. ... IL Rul…
Def: In a mandatory trust, the trustee must distribute paymen…
Def: Not really a trust; it's an equitable remedy created by…
What is a trust? Principal? Income?
Def: A trust is a management device for holding and managing…
What is presumption of a trust regardi…
Under IL law, a trust is presumed to be irrevocable. ... IL Rul…
33 terms
TRUST
A Trust will fail for lack of intent t…
A trusteeship may be accepted by any o…
To create a valid testamentary trust,…
All of the following are duties of the…
The settlor promises to create a trust when he collects a deb…
Failing to Notify the settlor of rejection ... A designated tru…
C ... The trust intent and the essential terms of a testamentar…
C... The trustee of a constructive or resulting trust has no dut…
A Trust will fail for lack of intent t…
The settlor promises to create a trust when he collects a deb…
A trusteeship may be accepted by any o…
Failing to Notify the settlor of rejection ... A designated tru…
Trust
Premarital agreements on death
omitted children and spouse... SOME KID…
Interpretation Barf... SOMETHING IN THE…
interp barf: 3 steps... OK SO HOW DO WE…
a Pre-marital agreement is not enforceable unless:... 1) enforci…
A child born after a will or trust is made will be considered…
language can often become ambiguous and as a result courts wi…
The 3 steps of interpreting an instrument are;... 1) in light of…
Premarital agreements on death
a Pre-marital agreement is not enforceable unless:... 1) enforci…
omitted children and spouse... SOME KID…
A child born after a will or trust is made will be considered…
Trust.
Define/explain Trust =
Why is Trust so important in a selling…
What is it that makes a buyer Trust a…
What is it that makes a buyer Trust a…
...
If building relationships is the key to sales success, then t…
1. No lying... 2. Reliability - it's just about being there for…
Credibility, integrity, providing value, shared interest
Define/explain Trust =
...
Why is Trust so important in a selling…
If building relationships is the key to sales success, then t…
7 terms
Trust
If a charitable trust cannot be perfor…
Purpose of a trust?
In addition to exercising those powers…
A trustee's actions pertaining to matt…
The trust terminates and a resulting trust in favor of the se…
Trusts may be created for virtually any purpose, except for o…
Undertake acts that are, by implication, necessary or conveni…
he has abused his discretion in undertaking the conduct in qu…
If a charitable trust cannot be perfor…
The trust terminates and a resulting trust in favor of the se…
Purpose of a trust?
Trusts may be created for virtually any purpose, except for o…
trust
trustor settlor transferor
beneficiary
trustee
to set up, establish, create, declare…
учередитеть доверительной собственности
бенефициар
доверительный собственник
установить учредить траст
trustor settlor transferor
учередитеть доверительной собственности
beneficiary
бенефициар
Trust
Trust
Requisites of Trust (Generally)
Express Trust (Elements)
Delivery Requirement
An arrangement under which the trustee holds legal title to p…
Creator ... delivers ... legal title of trust assets (the res…
Governed by UTC ... (i) a settler (creator) with capacity to co…
Requirement does not apply to self-declaration of trust ("I h…
Trust
An arrangement under which the trustee holds legal title to p…
Requisites of Trust (Generally)
Creator ... delivers ... legal title of trust assets (the res…
27 terms
Trust
Thomas v Tennant's Trs
Anderson v Smoke
Raes v Meek
Henderson's Trs
RESULTING TRUST... example of a purposeless trust
RESULTING TRUST
Trustee's duty of care to act as a person of reasonable prude…
duty for trustees not to make unduly risky investments
Thomas v Tennant's Trs
RESULTING TRUST... example of a purposeless trust
Anderson v Smoke
RESULTING TRUST
trust
trustor settlor transferor
beneficiary
trustee
to set up, establish, create, declare…
учередитеть доверительной собственности
бенефициар
доверительный собственник
установить учредить траст
trustor settlor transferor
учередитеть доверительной собственности
beneficiary
бенефициар
5 terms
Trust
Trust
Trust Recovery
Build Trust
Recoverable Trust Violations
- "Willingness to be vulnerable"... - trust in one's ability... - B…
- Competence-Based Violation... - Integrity-Based Violation
- through your model... - Your integrity... - abiltiy to comunicate…
- Lack of Support... - Disrespect of followers work
Trust
- "Willingness to be vulnerable"... - trust in one's ability... - B…
Trust Recovery
- Competence-Based Violation... - Integrity-Based Violation
9 terms
Trust
Creation of an express private Trust
Charitable Trusts
Charitable Trusts--Cy Pres
Honorary Trusts
settlor's capacity and present intent, identifiable trustee,…
must benefit the public and are not subject to RAP.
if settlors intended purpose is impracticable or unlawful, or…
not for charitable purpose but no private beneficiaries who c…
Creation of an express private Trust
settlor's capacity and present intent, identifiable trustee,…
Charitable Trusts
must benefit the public and are not subject to RAP.
11 terms
Trust
فاحش الثراء
جشع
اسطول
متن
درجه عاليه من الغناء
طمع
مجموعة سفن
اعلى السفينة
فاحش الثراء
درجه عاليه من الغناء
جشع
طمع
Trust
Trust
Positive expectation
Opportunistically
Loyalty
Positive expectation that another will not-through words, act…
Assumes knowledge and familiarity abt the other party.
It refers to the inherent risk and vulnerability in any trust…
The willingness to protect & save face for another person.
Trust
Positive expectation that another will not-through words, act…
Positive expectation
Assumes knowledge and familiarity abt the other party.
11 terms
Trust
character
competence
two elements of trust
5 waves of trust
ethics is fundamental for trust across all situations; integr…
-applies to situations... -capabilities, skills, results, prior…
character and competence
self trust, relationship trust, organizational trust, market…
character
ethics is fundamental for trust across all situations; integr…
competence
-applies to situations... -capabilities, skills, results, prior…
60 terms
TRUSTS
Right of property - Held by one party…
Creates trust and funds it
Operates trust - Legal title to proper…
Reasonably ascertainable, sufficiently…
Trust Definition
Settlor/Trustor
Trustee
Beneficiary
Right of property - Held by one party…
Trust Definition
Creates trust and funds it
Settlor/Trustor
100 terms
Trust
Trust
Principal
Income
Revocable
fiduciary relationship wherein trustees are called upon to ma…
the o The original trust property and any increased value of…
Money generated by investing
A revocable trust can be revoked (i.e., ended) anytime during…
Trust
fiduciary relationship wherein trustees are called upon to ma…
Principal
the o The original trust property and any increased value of…
15 terms
Trust
Definition
The trust game
What game theory suggests should be done
The centipede game
A firm belief in the reliability, truth, ability or strength…
A has £100 can keep or hand over sum to B. Value handed over…
To maximise payoffs, B should hand nothing back but anticipat…
McKalvey and Palfrey (1992) ... A has £100. Can either split 80…
Definition
A firm belief in the reliability, truth, ability or strength…
The trust game
A has £100 can keep or hand over sum to B. Value handed over…
Trust
-
That's nice to know.
She was a beautiful bride.
And what happened?
You come highly recommended.
My friend, Kay, said you did a beautiful job on her dress.
God, when I was little, I had this fantasy. I was going to de…
I grew up.
-
You come highly recommended.
That's nice to know.
My friend, Kay, said you did a beautiful job on her dress.
21 terms
Trusts
Support Trust
Discretionary Trust (PIX-power, interf…
Duty of Loyalty
Trust Termination Requirements
trustee is required to pay or apply so much of the trust as i…
the trustee is given discretion whether to apply or withhold…
extends to all beneficiaries equally.
Most jurisdictions permit termination of a trust by its benef…
Support Trust
trustee is required to pay or apply so much of the trust as i…
Discretionary Trust (PIX-power, interf…
the trustee is given discretion whether to apply or withhold…
20 terms
Trusts
Revocation of a Trust
Amendment of a Trust
Uniform Testamentary Additions to Trus…
Material Purpose of the Trust
Under common law, a trust is irrevocable unless the settlor e…
The common law does not require a trust instrument or an amen…
Under the Uniform Testamentary Additions to Trusts Act (The A…
Generally, an irrevocable trust can be terminated prior to th…
Revocation of a Trust
Under common law, a trust is irrevocable unless the settlor e…
Amendment of a Trust
The common law does not require a trust instrument or an amen…
Trusts
Trustee
Definition of a trust
Beneficiary
Truster
Person in whom trust property is vested
a trust is a legal relationship in which property is vested i…
The person whom the value of eh trust is ultimately intended…
The person whom create the test, original owner of the trust…
Trustee
Person in whom trust property is vested
Definition of a trust
a trust is a legal relationship in which property is vested i…
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