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LAWS Construction Corp. v. Dept of Parks & RecreationOATH Index No. 2330/14, mem. dec. (Jan. 14, 2015), affd, Index No. 154730/2015 (Sup. Ct. N.Y. Co. Jan. 4, 2016), appended, affd, 145 A.D.3d 523

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What is trust fund provisions of?

Trust fund provisions refer to the legal requirements and guidelines for managing a trust fund, which is a fiduciary arrangement allowing a third party, or trustee, to hold assets on behalf of beneficiaries.

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Individuals or entities that establish a trust fund, as well as trustees responsible for managing the fund, are typically required to file trust fund provisions.

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To fill out trust fund provisions, one typically needs to provide specific details about the trust, including its name, the trustee's information, beneficiaries, and terms of the trust, often following prescribed forms or guidelines.

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The purpose of trust fund provisions is to clearly outline the terms of the trust, define the rights and responsibilities of the trustee and beneficiaries, and ensure the proper management and distribution of the trust's assets.

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Information that must be reported includes the name of the trust, names of trustees and beneficiaries, the purpose of the trust, terms of distribution, and any specific restrictions or instructions regarding the management of the trust.

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