alimony trust
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Alimony Trust — A legal arrangement where property is transferred to a former spouse as a source of support following a divorce or separation. The payor spouse transfers investments and other assets that generate income into an alimony trust for the recipient… … Investment dictionary
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
alimony — /jelamaniy/ Comes from Latin alimonia meaning sustenance, and means, therefore, the sustenance or support of the wife by her divorced husband and stems from the common law right of the wife to support by her husband. Allowances which husband or… … Black's law dictionary
alimony — /jelamaniy/ Comes from Latin alimonia meaning sustenance, and means, therefore, the sustenance or support of the wife by her divorced husband and stems from the common law right of the wife to support by her husband. Allowances which husband or… … Black's 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
Alimony Substitution Trust — A trust agreement in which a divorced person agrees to pay spousal support from the income generated from a trust. An alimony substitution trust is different from receiving alimony because this trust is taxed differently. The ex spouse… … Investment dictionary
Spendthrift trust — A spendthrift trust is a trust that is created for the benefit of a person (often because he or she is unable to control spending) that gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the… … Wikipedia
Foreign trust — commonly refers to a trust that is governed by the laws of a jurisdiction other than the United States. These trusts may be used for investment, estate planning and succession planning purposes, but are most commonly used for asset… … Wikipedia
Illinois — • One of the United States of America, bounded on the north by Wisconsin, on the west by the Mississippi, which separates it from Iowa and Missouri, on the south by the confluent waters of the Mississippi and the Ohio, which separate it from… … Catholic encyclopedia
RELIGIOUS LIFE AND COMMUNITIES — Jews UNDER OTTOMAN RULE The Jews of the pre Zionist old yishuv, both sephardim (from the Orient) and ashkenazim (of European origin), dedicated their lives to the fulfillment of religious precepts: the study of the torah and the meticulous… … Encyclopedia of Judaism
