Sample Trust Names With Meaning
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FAQ
Without any laws, most trusts tend to be named after their creator(s) along with the date of creation.
Without any laws, most trusts tend to be named after their creator(s) along with the date of creation. An example would be ?John and Jane Doe Revocable Trust dated 10/11/12.?
A trust fund name should be short and memorable. Many name a trust after the creator or the date when the trust was founded. That way, it has a personal association, but it's not overly complicated.
If the trustee does not sign as ?trustee? and the contract does not specifically exclude liability, then a trustee may be personally liable on contracts entered into in the trustee's fiduciary capacity. Takeaway: Whenever you sign any document on behalf of the trust, always sign as ?Your Name, Trustee.?
A simple example would be the situation in which one member of a family advances money to another and asks the second member to hold the money or to invest it for him. A more complicated example of an implied trust would be the situation in which one party provides money to another for the purchase of property.