Legacy trust. Legacy Drive Trust, a trust formed under the laws of the State of Texas pursuant to, and operating in accordance with, the Trust Agreement.
Legacy trust means an irrevocable trust established
Legacy trust means a trust evidenced by a written trust instrument to which all of the following apply: (1) the trust has, names, or appoints at least one qualified trustee for or in connection with the property that is the subject of a qualified disposition, (2) the trust expressly incorporates the laws of Ohio to wholly or partially govern its validity, construction, and administration, (3) the trust expressly states that it is irrevocable, and (4) the trust has a spendthrift provision applicable to the interests of any beneficiary in the trust property, including any interests of a transferor in the trust property. A trust that satisfies the above criteria is considered a legacy trust even if the trust instrument also allows for one or more nonqualified trustees and regardless of the language used to satisfy those criteria.
Examples of Legacy trust in a sentence
Sources of funds were reported as follows: In addition, this Olympic venue will be part of a Legacy trust that contributes to the operating expenses of the Oval in perpetuity.
Also on June 27, 2006, the Ishidas executed a limited warranty deed transferring the Winant Property to Juney, as Trustee of the Winant Trust, reserving a life estate for themselves.On the same day, the Ishidas also formed the Ishida Waiakamilo Legacy trust (Waiakamilo Trust),2 naming another daughter, Jeri S.
More Definitions of Legacy trust
Legacy trust means a trust evidenced by a written trust instrument to which all of the following apply:
Legacy trust means a trust created by a written instrument, the terms of
Legacy trust means the Tsawwassen First Nation Member Legacy Trust to be established between Tsawwassen First Nation, as settlor, and the Society, as trustee;