Resident trust definition

Resident trust means a trust that is a resident of this
Resident trust means a trust of which the fidu- ciary is a resident of the State or the administration of which is carried on in the State.
Resident trust means a trust administered in this State as described in Section 62‑7‑108 as that section applied on January 1, 2018. ‘Nonresident trust’ means a trust other than a resident trust.

Examples of Resident trust in a sentence

  • Resident trust accounts are not considered to be cash equivalents.

  • Resident trust accounts cannot be charged for services provided under Title XIX.[Statutory Authority: RCW 71A.20.140.

  • The provider must retain these supporting records and documents for at least five years.(4) Resident trust money cannot be used to pay checking account service charges.(5) Each banks trust account must be reconciled each month to the trust account ledger for each resident.[Statutory Authority: RCW 71A.20.140.

  • Resident trust monies are funds held in trust on behalf of residents which are used to cover board and lodging, chemist, medical and other activity expenses.

  • Resident trust or estate with only resident beneficiaries claiming a PE Tax Credit.


More Definitions of Resident trust

Resident trust means a trust administered in this State. “Nonresident trust” is a trust other than a resident trust.
Resident trust means a trust which is administered in this state. A trust shall not be deemed to be administered in this state solely because it is subject to the jurisdiction of a district court within this state. "Nonresident trust" means a trust other than a resident trust.
Resident trust means a trust that:
Resident trust means a trust—
Resident trust means (a) a trust, or a portion of a trust, consisting of property transferred by will of a decedent domiciled in this state at his death, or (b) a trust, or a portion of a trust, consisting of the property of a person domiciled in this state if such trust is not irrevocable and (c) a trust, or portion of a trust, consisting of property of a person domiciled in this state at the time such property was transferred to the trust if such trust or portion was then irrevocable or a person domiciled in this state at the time such trust or portion became irrevocable. A trust, or portion of a trust, is irrevocable if it is not subject to a power exercisable solely by the transferor of such property, at any time, to revest title in himself. "Nonresident trust" means a trust other than a resident trust;
Resident trust means a trust the administration of which is carried on wholly in the State; or if the administration is partly carried on in the State and partly outside the State, a trust of which one-half or more of the fiduciaries reside in the State.
Resident trust. , defined. “Resident trust” means the same as in section 235-1,