situs
noun
si·tus ˈsī-təs 
: the place where something exists or originates
specifically : the place where something (such as a right) is held to be located in law
Example Sentences
Recent Examples on the Web But there is another specific potential application or benefit from using a trust protector, in a somewhat specialize manner (changing trustees, situs and governing law is a common application). 
Martin Shenkman, Forbes, 13 Apr. 2022 Worse, if the trust has situs in a low or no tax state, e.g., Florida, but the beneficiary resides in a high tax state like California, the increase in state income taxation from a distribution may outweigh the federal income tax benefits. Martin Shenkman, Forbes, 1 Nov. 2021 Drafters of trust documents should be familiar with the applicable Principal and Income Act of the situs of the trust to confirm whether capital gains are treated as principal (and thus not distributable) or income. Alan Gassman, Forbes, 29 Oct. 2021 Drafters of trust documents should take a close look at the applicable Principal and Income Act of the situs of the trust to confirm whether capital gains are treated as principal (and thus not distributable) or income. Alan Gassman, Forbes, 16 Sep. 2021 For example, an insurer with situs in Alabama could sell its policies in New York without meeting New York requirements for policy forms or capital surplus requirements. WSJ, 12 Feb. 2017
Martin Shenkman, Forbes, 13 Apr. 2022 Worse, if the trust has situs in a low or no tax state, e.g., Florida, but the beneficiary resides in a high tax state like California, the increase in state income taxation from a distribution may outweigh the federal income tax benefits. Martin Shenkman, Forbes, 1 Nov. 2021 Drafters of trust documents should be familiar with the applicable Principal and Income Act of the situs of the trust to confirm whether capital gains are treated as principal (and thus not distributable) or income. Alan Gassman, Forbes, 29 Oct. 2021 Drafters of trust documents should take a close look at the applicable Principal and Income Act of the situs of the trust to confirm whether capital gains are treated as principal (and thus not distributable) or income. Alan Gassman, Forbes, 16 Sep. 2021 For example, an insurer with situs in Alabama could sell its policies in New York without meeting New York requirements for policy forms or capital surplus requirements. WSJ, 12 Feb. 2017 Word History
Etymology
Latin — more at site
First Known Use
1629, in the meaning defined above
Phrases Containing situs
Medical Definition
situs
noun
si·tus ˈsīt-əs
: the place where something exists or originates : site
situs of an inflammation
Legal Definition
situs
noun
si·tus ˈsī-təs, ˈsē-, -ˌtu̇s
: a location that is or is held to be the site of something (as property or a crime or tort) and that commonly determines jurisdiction over it
the situs of a conspiracy
- character-gradient
- charactered
- characterful
- characteries
- charactering
- characterisable
- characterisation
- characterisation, characterise
- characterisations
- characterise
- characterised
- characteriser
- characterisers
- characterises
- characterising
- characterisms
- characteristic
- characteristic curve
- characteristic equation
- characteristic function
- characteristic impedance
- characteristic polynomial
- characteristic radiation
- characteristic root
- characteristic temperature