Thetrusteeis appointed to manage the trust and they have afiduciary dutyto act in the trust’s best interests. The trustee can be the same person as the grantor (a grantor trust), but it can also be a lawyer, a financial institution, or any other person you choose. (Depending on the...
A trust account is another word for a trust. It can refer to either the legal trust arrangement or to the bank account itself that holds the funds. Generally, a trustee manages the funds in a trust account for its grantor and ensures that the funds end up with the designated beneficiary....
Trust funds:Trusts are legal agreements created with the help of a lawyer as part of the estate-planning process. With many trusts, a trustee must be appointed to manage the account on behalf of the grantor. Typically, the trustee receives a fee for fulfilling this role, potentially making t...
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appointedfiduciary, the trustee is responsible for carrying out the interests and wishes of the grantor. This can include allocating living expenses or even educational expenses such as private school or college expenses and/or paying alump sumor transferring property to the beneficiary or beneficiaries...
a什么是学历,学历是在不断的学习各种能力的过程中取得的成果,高分低能也仅仅体现了中国教育的弊端,学历本身也代表了一种能力 Any was the school record, the school record is the achievement which obtained in the unceasing study each kind of ability process, the high-grades but low ability also merely...
the appointedfiduciary, the trustee is responsible for carrying out the interests of the grantor. This usually includes allocating living expenses or even educational expenses, such as private school or college expenses, while they are alive. Or they can pay out alump sumdirectly to the ...
A successor trustee is the person or institution that a trust creator (the grantor) names to manage the trust if the original trustee dies or is incapacitated.
A 529 plan is a college savings plan sponsored by a state or state agency. Savings can be used for tuition, books, and other qualified expenses at most accredited colleges and universities.
You don’t need millions of dollars for a trust fund to work, and establishing one for your child doesn’t automatically make them a “trust fund baby; a trust fund is a secure way to distribute incremental amounts of money to someone, even if you’re not wealthy. ...