distributions of trust assets, which means the beneficiaries receive them over time based on rules that you set. For example, the grantor may choose to distribute trust funds on a timed basis, like monthly, or only after certain triggering events, such as when the beneficiary turns 18 or ...
The process also provides a working requirement of the at least one beneficiary to receive the distribution until the at least one beneficiary attains a pre-determined age. Upon reaching the pre-determined age the trust assets are managed to provide a lifetime income to the at least one ...
trust - something (as property) held by one party (the trustee) for the benefit of another (the beneficiary); "he is the beneficiary of a generous trust set up by his father" belongings, property, holding - something owned; any tangible or intangible possession that is owned by someone; ...
a parent can establish a trust for a child, giving the beneficiary control of its assets when the child reaches an age of maturity or upon the parent’s death. This arrangement is common withrevocable trusts,
Naming a trust as a beneficiary is a good idea if beneficiaries are minors, have a disability, or can't be trusted with a large sum of money. The major disadvantage of naming a trust as a beneficiary is required minimum distribution (RMD) payouts. ...
2.Multiple Beneficiaries and Distributions: Dealing with multiple beneficiaries and their varying distribution requirements can be challenging. Trust accountants must accurately calculate and track distributions to ensure that each beneficiary receives their allocated share, taking into account factors such as ...
Once an asset has been disbursed to the beneficiary, the beneficiary becomes the owner of the asset. Even if the grantor is alive, they cannot recover disbursed assets. Learn more about the distribution of trust assets to beneficiaries
(12)“合格受益人(qualified beneficiary)”是指在受益人的资格确定日:(A)受益人是信托收入(trust income)或本金(principal)的被分配人(distributee),或者获准的被分配人(permissible distributee)。 (B)如果(A)项被分配人的权益在该日终止,受益人将成为信托收入或本金的被分配人或者被获准的被分配人。
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9 RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook Accumulation Trust Financial An arrangement whereby property is transferred by its owner—the settlor—with the intention that it be administered by someone else—a trustee—for another person's benefit, with the ...