Second trust definition
Second trust means the trust established by the Second Trust Agreement.
Second trust means (i) a first trust after modification, including a restatement of the first trust, under the Uniform Trust Decanting Act (§ 64.2-779.1 et seq.) or (ii) a trust to which a distribution of property from a first trust is or may be made under the Uniform Trust Decanting Act (§ 64.2-779.1 et seq.).
Second trust means a trust into which the income or principal of the first trust has been transferred.
Examples of Second trust in a sentence
Second, trust theory suggests that while individu- als react quickly to violations that call competence into question, they require a greater accumulation of evidence before they revise impressions of shared identity (▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇, 2000).
More Definitions of Second trust
Second trust means an original trust after modification or restatement under this section, or a trust to which a distribution of property from an original trust is or may be made under this section; provided, that the exercise of the power to appoint principal under this subsection (c) to a second trust by restatement or modification of the original trust does not require the retitling of property titled to the original trust or a change in any payable on death or beneficiary designations to the original trust, even if the second trust is created by a fiduciary or other person as the nominal settlor.
Second trust means any irrevocable trust to
Second trust means (i) a first trust after modification, including a restatement of the first trust,
Second trust means a trust established under an irrevocable trust instrument, the current beneficiaries of which are one (1) or more of the current beneficiaries of the original trust. The second trust may be a trust created under the same trust instrument as the original trust or under a different trust instrument.
Second trust means any irrevocable trust to which principal is distributed under Section 112.072 or 112.073.
Second trust means the trust or trusts to which assets are or may be appointed under sub. (2).
Second trust means an irrevocable trust that receives trust income or principal appointed by the trustee of the original trust, and may be established by any person, including, without limitation, a new trust created by the trustee, acting in that capacity, of the original trust. If the trustee of the original trust establishes the second trust, then for purposes of creating the new second trust, the requirement of NRS 163.008 that the instrument be signed by the settlor shall be deemed to be satisfied by the signature of the trustee of the original trust. The second trust may be a trust created under: