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Express Trust শব্দের বাংলা অর্থ: এক্সপ্রেস ট্রাস্ট
Express Trust Meaning In Bengali এক্সপ্রেস ট্রাস্ট
Express Trust
Definition
1) Express Trust: A trust that is clearly defined and established by the settlor through a written document or verbal statement, outlining the duties, responsibilities, and distribution of assets to beneficiaries.
2) Express Trust: A fiduciary relationship where a trustee holds property or assets for the benefit of designated beneficiaries according to the terms specified in a trust deed or will.
3) Express Trust: A legal arrangement in which a settlor transfers ownership of assets to a trustee, who manages and administers the trust property for the benefit of beneficiaries, as directed by the trust instrument.
Examples
Express Trust Example in a sentence
1) The donor created an express trust in his will, specifying how his assets should be distributed after his passing.
2) To set up an express trust, the settlor must clearly outline the terms and conditions in a written document.
3) The express trust was established to ensure that the beneficiaries receive their inheritance according to the trust agreement.
4) The trustee must adhere to the instructions provided in the express trust when managing the assets on behalf of the beneficiaries.
5) The express trust document clearly indicates that the trustee has the power to invest the trust funds for the benefit of the beneficiaries.
6) By creating an express trust, the settlor can have peace of mind knowing that their assets will be managed and distributed according to their wishes.
7) The express trust specified that the trustee should distribute the income generated from the trust assets to the beneficiaries on a quarterly basis.
8) The settlor's children were appointed as beneficiaries of the express trust, ensuring that they would benefit from the trust assets in the future.
9) To contest the validity of an express trust, one must provide evidence demonstrating that the trust was not properly established.
10) The express trust agreement includes provisions outlining how the trustee should handle any disputes that may arise among the beneficiaries.
Part of Speech
Express Trust (Noun)
Synonyms
Encyclopedia
Express Trust: A trust that is clearly defined and established by the settlor through a written document or verbal statement, outlining the duties, responsibilities, and distribution of assets to beneficiaries.
Express Trust: A fiduciary relationship where a trustee holds property or assets for the benefit of designated beneficiaries according to the terms specified in a trust deed or will.
Express Trust: A legal arrangement in which a settlor transfers ownership of assets to a trustee, who manages and administers the trust property for the benefit of beneficiaries, as directed by the trust instrument.
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