A trust fund is generally synonymous with a trust. All trusts are funded — assets (money, real estate, and more) need to be transferred into the trust in order for it to work. The only slight difference is that a trust fund may not pay out all the money and assets at once. ...
A designated beneficiary is a person who has been named to inherit an asset, such as the balance of anindividual retirement account(IRA),annuity, or life insurance policy after the death of the asset's owner. It is also known as anamed beneficiary. TheSetting Every Community Up for Retireme...
Life insurance companies and insurance regulators may use any of the following terms to describe accelerated death benefit provisions except: a. accelerated death benefit b. living needs benefit c. Name three ways in which the ...
Consider the use of a Revocable Living Trust-The current backlog in the Surrogate’s Courts has amplified existing problems with the processing of estates in New York. Coupled with an already insufficient staff and funds, it is unlikely that the current logjam will let up any time soon. To ...