Trustor Interest Sample Clauses
The 'Trustor Interest' clause defines the rights and stake that the trustor (the party establishing a trust) retains in the trust property or assets. Typically, this clause outlines whether the trustor maintains any beneficial interest, such as the right to receive income or direct certain actions regarding the trust assets, or if all interests are fully transferred to the trustee or beneficiaries. By clearly specifying the trustor's ongoing involvement or lack thereof, this clause helps prevent disputes over control and benefits, ensuring clarity in the administration and management of the trust.
Trustor Interest. The Trustor has only a beneficial interest in any specific property of this Trust. No creditor of the Trustor shall have any right to obtain possession of, or otherwise exercise legal or equitable remedies with respect to, the property of this Trust (as opposed to the Trustor's beneficial interest in this Trust).