(other than distributions, if any, to the Grantor's spouse) shall be made only if the Grantor's spouse,, does not survive the Grantor.However, such distributions (other than distributions, if any, to the Grantor's children) shall be made only if the Grantor's children do not survive ...
The trustee is legally bound to follow your wishes and distribute the assets according to your instructions. That might mean delaying distributions until a child has reached a certain age or spreading them out over several years so the child can’t spend them all at once. Types of Trusts Trus...
This chapter considers the role played by adult trust in relation to children’s democratic participation. Following an analysis of how discourses of trust in relation to children construct the participating child in different spaces of participation we
Special needs trust distributions While the beneficiary is alive, the trustee of the trust may make discretionary distributions from the trust to meet the beneficiary's "supplemental needs," such as education expenses, a vacation, or hobbies; but, generally, not for food or shelter, which would...
A: The type of trust will determine who pays the income tax on its income and capital gains. It may be the grantor, the trust or the beneficiary. Talk to your tax advisor regarding how the trust and distributions will be taxed.
In cultures with high power distance, unequal power distributions are accepted as part of the social fabric, which could perpetuate gender inequalities by maintaining traditional roles and limiting women’s opportunities for autonomy. This may diminish the positive impact of gender equality on life ...
Testamentary Trusts are taxed as a whole, though beneficiaries will not be forced to pay taxes on distributions from the Trust. Note that you could be responsible
An income beneficiary of a trust is a beneficiary that receives distributions of income earned by the trust. Income that is not distributed each year to a beneficiary loses its identity as income when it is accumulated. It then becomes corpus starting January 1st of the following calendar year....
Fig. 1 shows the frequency distributions of the various justification types for the four age groups. Children’s justification types were classified as accuracy, in-group identity, or residual. In the presence of conflicting testimony, there was no significant difference in selection of accuracy amon...
In the standard Revocable Living Trust, distributions to the children are made outright after both parents have passed. If the children are young, the trust will usually provide that distribution will be delayed until they reach a certain age, say thirty years old. Once the assets are distribute...