| 单词 | simple trust |
| 释义 | > as lemmassimple trust simple trust n. Law (a) a trust that imposes no active duties on the trustee, other than that of conveying the property to the beneficiary when required; a bare or passive trust; (b) (chiefly U.S.) a trust that requires all of its income to be distributed to its beneficiaries, and may not have its principal distributed. ΚΠ 1817 Rep. Supreme Court Judicature N.-Y. 13 17 It is contended that it is a simple trust, and that Riley, and not Fairchild, is the cestuy que trust. 1886 Central Law Jrnl. 22 126/1 The statute does not extend to any but bare and simple trusts unmixed with conflicting equities. 1953 Columbia Law Rev. 53 352 The usual type of trust is a simple trust currently distributing income to one or more beneficiaries. 2000 Trust & Estates Sept. 87/2 The beneficiary of a simple trust is taxed on the income of the trust whether or not it is distributed. 2011 Money Managem. (Nexis) 1 Aug. Bare trusts, also known as simple trusts, are another option for those wanting to save for children. < as lemmas |
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