by Opposite Day December 15, 2017
Get the Trusted mug.There were a number of successful young trusties posing as artists there artwank I wish they would do real art given that they don’t need a dayjob
by goatonfire January 8, 2005
Get the trustie mug.Related Words
Trust
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A poser Rasta, usually completely unfamiliar with the teachings of Jah Rastafari, perhaps with a large trust fund, or some other invisible means of financial support.
"Did you see the Lively Up Yourself bumper sticker on that brand new Porsche Boxter?"
"Yeah, that guy is a total Trustafarian."
"Yeah, that guy is a total Trustafarian."
by lurker1 November 27, 2006
Get the Trustafarian mug.a "game" between two people that sounds so much more innocent then it really is. how to begin: first.. two people are laying down on a couch, bed, floor, etc. one person begins the game by touching the other in any spot they want to. then you speak the words, "trust me?" then if the person says yes.. you can touch them in an even more "personal" spot.. and keep on going till they say no. the loser of the game is the person who says no first. what this game really is, is a fun experience for pervy boys to violate girls bodys.
Michelle and Mark were playing the trust me game, where Mark was totally invading her personal privacy.
by yolanda gute September 30, 2006
Get the trust me game mug.by Brian230 April 8, 2008
Get the Trust mug.Used primarily for estate creation, estate preservation, and estate conservation. Basically, a irrevocable trust is drafted (meaning drafted, designed, and created by a licensed JD professional aka a lawyer and/or attorney) to hold a LARGE life insurance policy on the insured (usually a parent(s), or the spouses parent(s), and upon materialization of the death certificate, the ILIT receives the death benefit insurance proceeds tax free!!! Yes, that's right, tax free! Most the time insurance proceeds are tax free, but there's the exemption limit, so even if the death benefit is WELL OVER the current exemption limit, the entire thing is passed tax free to the trust. The trust itself then has beneficiaries who receive the proceeds in accordance with the trusts design and instructions.
Irrevocable Life Insurance Trust , ILIT --- Basically, a child (grown up in this example) decides he'd/she'd like to after college, get a good job, and use his/her income (or some of it) to purchase a LARGE life insurance policy on his/her parents, and place it in a Irrevocable Life Insurance Trust, ILIT. Then upon materialization of the death certificate, the child is then passed tax free TONS of dinero! Then the child can take it easy, retire, and live off of e.g investments of any kind, perhaps treasury inflation protected securities.
by Andrew G. Bernhardt October 18, 2008
Get the [Irrevocable Life Insurance Trust] , [ILIT] mug.by Kiaos August 31, 2007
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