Hi Lee Phillips again.
I want to talk about abbreviating terms
the name of your trust
the date of your trust
that sort of thing
it primarily comes up
when we're trying to
title a piece of property
in the name of the trust
now that a piece of property might be a title to a car
and the box that you put the title of the car
who's going to get the title to the car
what name is the car going to go under
the box on the title of the car information sheet's only
you know tiny.
So how do you get the name of the trust
into the little box?
Well, we're gonna abbreviate the terms
the trust could be
you know the Ugly Light Trust
we could abbreviate that
"Ugly Light TR"
or if it's the John David Smith Trust
we could just have John D Smith
or "John David Smith TR"
so you can abbreviate trust as "TR"
then one of the other elements
you've got to have three elements in the name of the trust
one of the other elements is the date of the trust
the lawyers will often say "under agreement"
and that can be abbreviated "U/A"
or dated
you can put "dated"
and then you can abbreviate it
it doesn't have to be the third day of February 2019
it could be "2/3/19"
so you can abbreviate the date
you know how to slash the date up
and just put "U/A 3/7/19"
or whatever the date is.
So we've got the date.
We've got the name of the trust
we've got the date of the trust
and you always have to have the trustee's name
and trustee, it would be "John Doe, Trustee"
but you can abbreviate trustee as "TTEE"
is often the way it's abbreviated.
trustee
So you can cut the name of the trust down
by abbreviating trustees.
You can abbreviate beneficiary
you know "BEEN"
or however you do it
just make sure that the beneficiary is listed
well you don't have to list it when you're titling something
but when you're referring to beneficiaries you can cut that down.
The primary ways of abbreviating terms in the trust
are TR for trust
trustee is TTEE often
and then under agreement is U/A
or D is for dated such-and-such
or even just put the date down there
and don't have the U/A or the D
or the dated
just the 4/7/2019
or 19 even (4/7/19)
so you can abbreviate it
as long as we know which trust we're talking about
and we've pretty much got it down
if we've got abbreviated title
abbreviated date
abbreviated trustee
those three elements go together
we've got the trust
and as long as I can identify the trust
by what's written in the little box
or wherever
you're probably okay.
Lee Phillips talking on the ability to abbreviate terms
in the name of your trust, primarily.