trust corpus
Latin for "the body" of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Also called the trust res.
Category: Wills, Trusts & Estates → Living Trusts & Avoiding Probate

Nolo’s Plain-English Law Dictionary. . 2009.

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  • trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… …   Law dictionary

  • trust res — See: trust corpus Category: Wills, Trusts & Estates → Living Trusts & Avoiding Probate Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 …   Law dictionary

  • Trust law — In common law legal systems, a trust is an arrangement whereby property (including real, tangible and intangible) is managed by one person (or persons, or organizations) for the benefit of another. A trust is created by a settlor, who entrusts… …   Wikipedia

  • Trust Property — Assets that have been placed into a fiduciary relationship between a trustor and trustee for a beneficiary. Trust property may include any type of asset, such as cash, securities, real estate or life insurance policies. Also be called trust… …   Investment dictionary

  • corpus — cor·pus / kȯr pəs, ˌpu̇s/ n pl cor·po·ra / pə rə/: the main body of a thing; specif: the principal of a fund, trust, or estate as distinct from income or interest: res Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • trust fund — see fund 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. trust fund n. Property or …   Law dictionary

  • trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… …   Black's law dictionary

  • Corpus delicti — This article is about a legal term. For the Gothic rock band, see Corpus Delicti (band). Corpus delicti (plural: corpora delicti) (Latin: body of crime ) is a term from Western jurisprudence referring to the principle that a crime must have been… …   Wikipedia

  • corpus — /korpas/ Body; an aggregate or mass (of men, laws, or articles); physical substance, as distinguished from intellectual conception; the principal sum or capital, as distinguished from interest or income. The main body or principal of a trust. A… …   Black's law dictionary

  • corpus — /korpas/ Body; an aggregate or mass (of men, laws, or articles); physical substance, as distinguished from intellectual conception; the principal sum or capital, as distinguished from interest or income. The main body or principal of a trust. A… …   Black's law dictionary

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