Sentence examples for disposition of the trust from inspiring English sources
Creating an irrevocable trust means that once you establish it, you have no right or opportunity to change the beneficiaries or disposition of the trust assets.
In May of last year, more than two dozen members of the Getty family resolved their long battle over disposition of the trust--then estimated to be worth $4 billion--and agreed to divide it into four smaller trusts of $750 million each.
"Treasury has the right to recover proceeds from the disposition of the liquidation trust associated with the bankruptcy of Old Chrysler, but does not expect a material recovery from those assets," the statement said.
The public trust doctrine limits disposition of trust property and abdication of sovereignty over those resources.
You need to make sure that your trust is updated by amending your trust when you want to change or add beneficiaries, change the disposition of assets in the trust, or redefine your trustees.
And finally, of course, trust companies manage all phases of the trust creation, administration and disposition processes.
Such a fiduciary must establish a U.S. real property interest account and must enter in such account all gains and losses realized during the taxable year of the trust or estate from dispositions of U.S. real property interests.
But if you have multiple heirs, you'll need to specify in your will or trust what the disposition of the property will be.
Congress evidently intended to trust to the natural disposition of the parents to look after and care for their children out of the proceeds, and to allow them to treat the proceeds of the inalienable lands as a family fund, to be administered by them until the children should reach their majority.
