All trust funds are either revocable or irrevocable. Both are referred to as"living" trustswhen the grantor creates them during their lifetime. A "testamentary" trust is one that's created after the grantor's death, usually under terms left in a last will. It's irrevocable because the gra...
they can be transferred to any number of designated beneficiaries after the grantor's death. Also called aliving trustfund, it can be used to transfer assets to children or grandchildren.
the Government's Child Trust Fund has proved an embarrassment.Less than 50% of those sent [pounds sterling]250 vouchers to invest on behalf of their ... C Blackhurst - Brown's Britain Is a Faraway Place 被引量: 0发表: 2005年
What is the purpose of a trust fund? Atrust fund allows the person who created the trust (thegrantor) to manage money and assets for the benefit of another person, thetrust beneficiary. Many people create trust funds to disburse assets or give money to their family members and heirs over ...
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Whether or not a trust fund baby chooses to attend college, he must eventually consider what he would like to do with his adult life. Indeed, some trust fund babies feel no need to have a career, choosing instead to live on the money they have inherited. A great many trust fund babies...
A trust fund is often used as an estate planning tool. It's used to minimize taxes andavoid probate, which is the legal process used to distribute the assets of a deceased person. While there are many specific types of trust funds, they fall into two main categories: ...
One major benefit of this type of trust fund is that it allows money from the pension savings of multiple employees to be pooled together for investment. This can reduce administration costs. It can also give more bargaining power to the fund's investors, meaning they may be able to buy ...
The trust fund is managed on the child's behalf by the trustee, and money can not be withdrawn from the trust fund until the child reaches a specified age, most often 18 years old. Once the beneficiary is of age, the money may be used to pay for college, graduate school, trade ...