failure and determination of trusts

14:59 Jun 14, 2019
This question was closed without grading. Reason: Other

English to Italian translations [PRO]
Law/Patents - Law (general) / Trust
English term or phrase: failure and determination of trusts
In the event of the failure or determination of the above trusts, the capital and income of the Trust Fund shall be held upon trust for such Charities and in such shares as the Trustees shall in their discretion determine absolutely.
Eugenia Lomazzo
Italy
Local time: 01:23


Summary of answers provided
5fallimento e risoluzione/scioglimento dei trust
Giovanni Pizzati (X)
4inadempimento o risoluzione/rescissione di trust/fondi di investimento
Gaetano Silvestri Campagnano
4omessa attribuzione al beneficiario finale e di conclusione dei trust
Carolina Nicosia


  

Answers


5 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
inadempimento o risoluzione/rescissione di trust/fondi di investimento


Explanation:
Scusami se mi autocito:

https://www.proz.com/kudoz/english-to-italian/finance-genera...

Gaetano Silvestri Campagnano
Italy
Local time: 01:23
Native speaker of: Native in ItalianItalian
PRO pts in category: 737
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25 mins   confidence: Answerer confidence 5/5
fallimento e risoluzione/scioglimento dei trust


Explanation:
https://dizionari.corriere.it/dizionario_inglese/Inglese/D/d...

Giovanni Pizzati (X)
Italy
Local time: 01:23
Works in field
Native speaker of: Native in ItalianItalian
PRO pts in category: 274
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
omessa attribuzione al beneficiario finale e di conclusione dei trust


Explanation:
"conclusione": slide 79/108
http://docenti.unimc.it/fabio.pierantoni/teaching/2015/14985...

"omessa attribuzione al beneficiario finale":
ricalcando la clausola: https://books.google.it/books?id=BeSaDwAAQBAJ&pg=PT519&lpg=P...

scopro che è chiamata "ultimate default trust clause"
da cui, per citare la collega Marilina:
https://www.proz.com/kudoz/english-to-italian/law-contracts/...

infatti:

<If a trust fails because it lacks an ascertainable beneficiary (..)>
https://info.legalzoom.com/happens-trust-one-named-beneficia...
<What is a default beneficiary? A default beneficiary or beneficiaries can be appointed so that if the trustee fails to make a determination to distribute the income of the Trust in any year then the default beneficiaries will be entitled to the income.>
http://www.documentshop.com.au/docdetails.php?id=15

Scusa la prolissità, spero sia stata d'aiuto!

Carolina Nicosia
Italy
Local time: 01:23
Specializes in field
Native speaker of: Native in ItalianItalian
PRO pts in category: 42
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