Directed trusts are a type of trust that allows the creator of the trust to separate responsibility for the management of some or all of the assets from the trustee. Under common law, the trustee would manage all of the trust assets and...
money and financial problems
disability benefits
Overview:
Disability benefits refers to money available from the government for people with disabilities. These benefits are available under Title II of the Social Security Act as Social Security Disability Insurance (SSDI...
discharge
A discharge is the extinguishment or release of a legal obligation or duty. For example, a discharge of the payment of a debt means you are no longer legally obligated to pay the debt. See bankruptcy.
In the context of...
discharge (of debts)
Discharge (of debts) refers to the process in bankruptcy court, when a debtor is no longer liable for their debts, and the lender is no longer allowed to make attempts to collect the debt. The court will issue a decision to discharge debts....
discharge in bankruptcy
The desired result of a bankruptcy case is a discharge in bankruptcy. A discharge in bankruptcy is a release of the debtor from further liability for debts that had been subject to bankruptcy proceedings. Discharge and dismissal are...
discretionary trust
Discretionary trusts are a type of irrevocable trust where the trustee has complete discretion on when and what amounts of assets to distribute to the beneficiaries. The beneficiaries have no right to distributions from the trust. The trustee...
disgorgement
Disgorgement is a remedy requiring a party who profits from illegal or wrongful acts to give up any profits they made as a result of that illegal or wrongful conduct. The purpose of this remedy is to prevent unjust enrichment and make illegal...
disincentive
A disincentive is a something that persuades parties not to engage in certain conduct. Laws often create intentional and unintentional disincentives through criminal penalties, civil liability, and tax provisions.
For...
disincentivize
To disincentivize refers to the act of creating a disincentive or withdrawing a previously existing incentive. Law making bodies disincentivize certain conduct to discourage parties from partaking in that conduct.
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dissolution of corporation
Dissolution of corporation refers to the closing of a corporate entity which can be a complex process. Ending a corporation becomes more complex with more owners and more assets. For every corporation, the starting point for ending the...