Glossary Archive

The Trust Corpus (or Principal) refers to the total value of the assets held within a trust. This can include cash, real estate, stocks, bonds, and other forms of property that are placed into the trust for the benefit of the beneficiaries. When a trust is established, the corpus is the foundational property that the...

Trust Decanting Trust decanting is a legal process that allows a trustee to distribute the assets of an existing trust into a new trust with different terms. This process is often used to modify the provisions of the original trust in response to changing circumstances, beneficiaries' needs, or changes in the law that may affect...

Trust Decanting Authorization Trust decanting authorization is a legal provision that allows the trustee of an irrevocable trust to transfer assets from one trust to another, often with different terms or conditions, without the need for court approval. This process is akin to pouring wine from one decanter to another, hence the term "decanting." Decanting...

A Trust Deed is a legal document that establishes a trust, which is a fiduciary arrangement allowing a third party, known as the trustee, to hold assets on behalf of beneficiaries. It outlines the terms and conditions under which the trust operates, including the rights and duties of the trustee, the powers granted to them,...

Trust Deed Foreclosure A trust deed foreclosure is a legal process through which a lender can reclaim property when a borrower defaults on a loan secured by a trust deed. This process is commonly used in states that utilize trust deeds instead of mortgages to secure real estate loans. In a typical trust deed arrangement,...

Trust Dispute ADR Mechanisms Trust Dispute ADR (Alternative Dispute Resolution) Mechanisms refer to processes used to resolve conflicts related to trusts without resorting to traditional litigation. These mechanisms are designed to be more efficient, cost-effective, and less adversarial than court proceedings. Two primary forms of ADR in the context of trust disputes are mediation and...

Trust Dispute Arbitration Trust Dispute Arbitration is a process used to resolve conflicts arising from the administration or interpretation of a trust without resorting to conventional court litigation. This method involves the parties in dispute agreeing to submit their disagreement to a neutral third-party arbitrator, who will make a binding decision on the matter. Arbitration...

A Trust Dispute Resolution Clause is a provision within a trust document that outlines the methods for resolving disputes arising among the parties involved, such as the trustee, beneficiaries, and anyone with a vested interest in the trust. This clause is designed to provide a structured process for handling conflicts, potentially avoiding lengthy and costly...

A Trust Division Clause is a provision within a trust document that outlines how the trust assets will be divided among beneficiaries. This clause becomes particularly important when a trust is designed to benefit multiple individuals or entities. The Trust Division Clause specifies the manner and proportions in which the trust assets will be distributed...

A Trust Duration Provision is a clause within a trust document that specifies the length of time the trust will exist and operate before it is terminated or distributed to beneficiaries. This provision is essential for establishing the trust's lifespan and may define specific conditions under which the trust will terminate, such as the occurrence...