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Simple English definitions for legal terms

charitable trust

Read a random definition: information and belief, on

A quick definition of charitable trust:

A charitable trust is a special type of trust that is created to help people in need. The trust must have a specific purpose that falls into one of the categories allowed by the law. Unlike other trusts, a charitable trust does not have to have specific people who will benefit from it. Instead, the attorney general is responsible for making sure the trust is used for its intended purpose. Charitable trusts are a good way to help others and are protected by the law.

A more thorough explanation:

A charitable trust is a type of trust that is created for the purpose of benefiting specific charitable causes. In order for a trust to be considered charitable, it must fall into one of the specific purpose categories outlined by the law. Charitable trusts are highly favored by the legal system, as they do not require definite beneficiaries and are not subject to the rule against perpetuities.

One example of a charitable trust is a trust that is created to provide funding for medical research. The trust would be managed by a trustee, who would be responsible for ensuring that the funds are used in accordance with the terms of the trust. The beneficiaries of the trust would be the medical researchers who receive the funding, as well as the individuals who benefit from the research.

Another example of a charitable trust is a trust that is created to provide funding for education. The trust could be used to provide scholarships to students who are pursuing higher education, or to fund research and development in the field of education.

These examples illustrate how charitable trusts can be used to benefit specific charitable causes, without the need for definite beneficiaries. The attorney general is responsible for enforcing the terms of the trust, ensuring that the funds are used in accordance with the charitable purpose of the trust.

charitable remainder unitrust | charitable trusts purposes

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@ParallelAgreeableOrangutan: also ty I just sent a LOCI in email form. hope they don't hate it lmfao
18:05
Penn Dick gave me the R
what kind of a name is penn Carey law anyway
18:06
Penn gon Carry u to meat market that is the legal career field
18:06
Buy 1 get 1, Penn Carey Grads, get em while they are hot!
18:14
Notre Dame is crushing my soul
18:14
So excited every Friday
NosyBeagle
18:20
i talked to such a nice rep for penn dick like years ago and i put them on my list
NosyBeagle
18:20
God bless that lady
Mostlylegal
18:34
Legit makes no sense that nd has accepted literally nobody still
18:35
manybe ND is taking a sabbatical?
got a gw wl->A!!!
NosyBeagle
18:46
yay! congrats
nice kiwi!!!!!
is that your first a?! :D
yes it is!! thanks guys
ugh so stoked for you
Did they give you scholly information???\
yeah they gave me 150k!
(not gendered) girl CONGRATS
you gonna go? :D
yeah I think so!! my goal was either nyc or dc so im super happy w it
so stoked for you. congrats. i imagine your previous decisions had been a little crushing. very happy your app got the recognition it deserved
18:55
@RoyalReadyKiwi: lessgo stay winning :D awesome work!!!
thank you so much guys!!! means a lot :D
CONGRATS ROYAL YASSSS
i feel like i live in my bubble because i'm seeing people talk about other people abusing time accommodations for the lsat and my first reaction was "they are?"
ronniedoeslaw
20:14
Congrats Kiwi!!
ParallelAgreeableOrangutan
20:35
@JupitersMoons: wait is email not typical for LOCI? ik you can upload to portals but isn't an email... a letter? an electronic mail?
ParallelAgreeableOrangutan
20:36
@RoyalReadyKiwi: congrats on your A! and your scholarship!!
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