The person providing the assets is generally referred to as thesettlor. Those appointed to look after the assets are known astrustees, and those who receive disbursements from the trust are thebeneficiaries.1 Once assigned to the trust, in most cases, assets are no longer deemed personal possess...
Anannuityhas two phases: anaccumulation phaseand a payout phase. During the accumulation phase, the annuitant deposits funds into the account so they can grow taxed-deferred until they are withdrawn. During the payout phase, which is often during retirement, the annuitant receives payments from t...
ARRSPis a long-term investment account designed to save for the future — in this case, old age. Money in RRSPs grows tax free and contributions are tax deductible. You’re taxed on withdrawals. If you withdraw money before 71 years old, you’ll be heavily taxed. But there are 2 exce...
The three types of governmental funds are governmental, proprietary, and fiduciary funds. Let's break down the use of each fund. Proprietary Fund:...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your t...
Gastrointestinal disturbances such as diarrhea, nausea, and vomiting, are common. [13]Starting with the Pont-Saint-Esprit incident, after Fuller arrives in France, he worries over the lie he’s going to tell the French villagers in order to build their trust:...