Glossary entry (derived from question below)
English term or phrase:
trust interests
Arabic translation:
فوائد إستئمانية
Added to glossary by
Karim Fadl
Jul 5, 2023 07:16
11 mos ago
14 viewers *
English term
trust interests
English to Arabic
Law/Patents
Law: Contract(s)
PRENUPTIAL AGREEMENT
All assets owned individually by either party at the date of the solemnization of their marriage, all trust interests as well as any distributions of principal from any trust to such party, all corporations, all personal property in the possession of either party at the date of the solemnization of the marriage and which continue to be individually owned at the termination of their marriage, and all assets acquired after the solemnization of the marriage to which either party holds individual legal title at the termination of the marriage, including the income therefrom and any increase in the value of such assets during the period of their marriage and any assets substituted therefor, and any beneficial interest held in trust on behalf of either party and any income therefrom shall remain the sole property of the party owning such assets and shall not be subject to equitable division in the event of divorce except as may be provided by written agreements of the party owning such assets.
Proposed translations
(Arabic)
5 | فوائد إستئمانية | Karim Fadl |
3 +1 | فوائد إئتمانية | HATEM EL HADARY |
4 | مصالح مؤتمَن عليها | Lamine Boukabour |
Change log
Jul 6, 2023 14:53: Karim Fadl Created KOG entry
Proposed translations
1 day 6 hrs
Selected
فوائد إستئمانية
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4 KudoZ points awarded for this answer.
Comment: "فوائد/ مصالح استئمانية"
+1
9 mins
12 hrs
مصالح مؤتمَن عليها
In simpler terms, "trust interests" here refer to assets or income that are held in a trust for either person in the marriage. It means that any assets or income from the trust are owned individually by the person for whom the trust is created, and they will not be divided between the couple in case of a divorce. These assets are considered separate property and are not subject to sharing unless there are written agreements stating otherwise.
https://www.mylawquestions.com/what-are-the-different-types-...
https://www.mylawquestions.com/what-are-the-different-types-...
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