Glossary entry

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.
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

فوائد إئتمانية

فوائد إئتمانية
Peer comment(s):

agree Rabie El Magdouli
15 hrs
شكرا جزيلا
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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-...
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