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Also, if the grantor does not consent (or is deceased) but if all beneficiaries of a non-charitable irrevocable trust consent, upon a petition to a court, the trust can be terminated "if the court concludes that continuance of the trust is not necessary to achieve any material purpose of the trust." [110] The court may also reform the trust ...
Personal injury trust: A personal injury trust is any form of trust where funds are held by trustees for the benefit of a person who has suffered an injury and funded exclusively by funds derived from payments made in consequence of that injury. Private and public trusts: A private trust has
Cobell v. Salazar (previously Cobell v.Kempthorne and Cobell v.Norton and Cobell v.Babbitt) is a class-action lawsuit brought by Elouise Cobell and other Native American representatives in 1996 against two departments of the United States government: the Department of Interior and the Department of the Treasury for mismanagement of Indian trust funds.
A trust fund is a legal entity that holds and manages assets on behalf of another individual or organization. A will, on the other hand, is a legal document that directs the distribution of assets ...
Central Hanover Bank & Trust Co., 339 U.S. 306 (1950), was a case in which the Supreme Court of the United States set forth the constitutional requirements for notice of judicial proceedings to a potential party under the Fourteenth Amendment to the United States Constitution.
The most notable example was that of the Court of Star Chamber, which passed from being a popular court, known for its efficient justice, to be seen as a tool of repression. [50] As has been seen, many similar criticisms were made of the Court of Chancery, despite the fact that its conscience jurisdiction was hardening into Equity.
Katie Holmes has had "enough" with accusations about her daughter Suri allegedly inheriting millions of dollars from a trust fund set up by her father, Tom Cruise. Holmes, 45, dispelled a report ...
Attorneys routinely receive client funds (commonly referred to as "trust money") to be held in trust for future use. If the amount is large or the funds are to be held for a long period of time, the attorney customarily places these funds in an interest-bearing account for the benefit of the client. However, in the case of amounts that are ...
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