"Estate Planning Strategies" Why does a trust need a name? (Podcast Episode 2023) - Plot summary, synopsis, and more...
Personal representative:Also known as an executor, this individual is responsible for distributing assets according to the deceased person’s will. They can be involved in an estate and work with the trustee, but they do not have a direct role in a trust. Occasionally, the trustee and the p...
An irrevocable trust is a type of trust typically created to help protect assets and reduce federal estate taxes. The creator of the trust (the grantor) can designate assets of their choosing to transfer over to a recipient (the beneficiary). Once established, irrevocable trusts are very ...
insurance premiums, real estate and other taxes, funeral expenses, and attorney’s fees. A trust checking account may also be used to distributeassetsfrom the trust to beneficiaries after all expenses have been paid, making meticulous record-keeping essential. ...
While the property is held in escrow, the buyer can't take possession of or occupy the space. Real estate deals must clear a series of stages during the escrow process. Escrow can also refer to an escrow account that is set up at the time ofmortgage closing. In this case, the escrow...
Keep in mind that if you want to leave money to minor children, you may need to choose a guardian or establish a trust. Learn more about choosing life insurance beneficiaries. When does life insurance pay out? Life insurance will generally pay your death benefit if you die of natural ...
Here is a quotation from a recent article in Forbes: China’s mercantilist trade policy is another contributor to its asset bubble. By artificially depressing the value of its currency and making it difficult for locals to invest abroad, China has forced
Even your spouse would have to produce a valid Power of Attorney Include a Power of Attorney, Living Will and Last will and be sure to appoint an executor when you do your estate planing. ENDURING POWER OF ATTORNEY HOW TO MAKE YOURS, WHAT & WHY YOU NEED ONE ...
This information advantage thereby potentially imposes excessive opportunities on the managers, forcing them to avoid taxes strategically via the supply chain, such as income shifting among their subsidiaries in low-tax jurisdictions, and to reduce tax payments at a lower financial cost without affecting...
Aging has a stronger negative impact on risky financial asset participation for households with children. Keywords: financial asset; pollution; investment; China 1. Introduction China has the largest elderly population in the world. As the elderly grow older, their income through labor capacity will ...