In finance, what is a custodian? What is a mutual fund? What is an example of an account classification? What are the liabilities of a trustee in a trusteeship? (a) What is a control account? (b) What purpose does it serve?
What is a property manager? What is a finance charge on a loan? What is a 7(a) loan? What does the lender usually go off of to create the loan amount? Which type of mortgage typically offers low rates? What is a broker? In finance, what is a custodian?
Although anyone may contribute to a custodial account, control of the account is managed by the custodian. Once the minor beneficiary reaches the age of majority (as determined by the state), the custodian can transfer the funds in the account over the funds to the minor. Types of Custodial ...
A trustee acts as a custodian for a trust. Almost anyone can be a trustee, as long as they accept the responsibilities that come with managing the trust..
What Is a Professional Degree? Discussion Comments Byquickbrain13— On Jan 28, 2014 IRA rollovers are reported on your tax return, but as a non-taxable transaction. Even if you correctly execute an IRA rollover, it is possible that your plan trustee or custodian will report it wrong on th...
Trustee: The custodian of the trust, who manages the trust assets Trust beneficiary: The individuals, businesses, or organizations that receive assets from the trust Key takeaways Family trusts are just regular trusts where a family member is the beneficiary A family trust can also be a living ...
: The Public Trustee administers a trust established for a disabled child, ensuring that the funds are used appropriately for the child’s care, education, and welfare. Understanding the role and importance of the Public Trustee highlights their critical function in safeguarding the interests of vul...
Custodian: The entity in charge of holding the account. In the case of many Totten trusts, this is the bank. The point of the trust is for someone to provide for another individual, or a group. There can be more than one trustee, and a trustee can designate “successor trustees” to ...
To start, you will select a precious metals IRA custodian, which is a financial institution that manages your account. Then you will be able to open your precious metals IRA account. From there, you will fund your account, either through a direct contribution, which is subject to annual IRA...
Like unit trusts, ETFs also usually charge a trustee or custodian fee of 0.1 to 0.15% per annum on the NAV of the fund and a management fee of under 1% per annum (Source: SGX) Returns vary depending on the type of ETF invested in and its associated risk profile— for example, an ...