this post was submitted on 28 May 2024
51 points (94.7% liked)

InsanePeopleFacebook

2635 readers
7 users here now

Screenshots of people being insane on Facebook. Please censor names/pics of end users in screenshots. Please follow the rules of lemmy.world

founded 1 year ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] Mkengine@feddit.de 10 points 5 months ago
  1. Trust and Trustees: The person is asking if they (and possibly others) are acting as trustees under a type of trust called a "spendthrift trust." In a spendthrift trust, the beneficiary's ability to transfer their interest in the trust is restricted.

  2. Discretionary Trust and Prescription: They mention that this trust is discretionary, meaning the trustee has the power to decide how and when to distribute trust funds to the beneficiaries. "Prescription" here refers to a legal concept where rights can be acquired or lost over time through inaction.

  3. UCC 9210: This refers to a section of the Uniform Commercial Code, likely dealing with claims and notices related to secured transactions. The person is asking if filing something under UCC 9210 can prevent the state from claiming the trust by asserting their own rights to it.

  4. Form of Notice for Estoppel: They are inquiring about what specific notice or document people have used to stop the state from claiming the trust (estoppel) due to inaction.

  5. Birth Certificate as Bill of Lading: They compare the birth certificate to a bill of lading (a document detailing the shipment of goods), suggesting that the birth certificate might be considered a form of documentation that verifies the "shipment" of the baby (the person) into the world.