Currently viewing the tag: "taxation"

In Trusts We Trust: Day 53

February 2, 2012 by

Tax By-Pass Trust Tax By-Pass Trusts are trusts that are irrevocable, meaning they can’t be changed once they are created, and the terms must be carried out.  In some cases where circumstances make carrying out the terms of the trust uneconomical or too difficult a court may step in to allow the terms to be […]

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In Trusts We Trust: Day 48

January 25, 2012 by

Simple Trust A simple trust is a trust where the trustee’s only duty is to distribute the assets to the beneficiaries according to the terms of the trust.  Simple trusts are aptly named, because they are in fact simple trusts to deal with.  They do not include charitable gifts and they do not include assets […]

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In Trusts We Trust: Day 41

January 17, 2012 by

Private Trust Over the course of the past forty days we’ve covered trusts from the A/B Trusts to the Personal Injury Trusts and everything in between. Today we’re covering Private Trusts; these are Trusts created for the benefit of one or more private beneficiaries; they are not Trusts that are created for the benefit of […]

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In Trusts We Trust: Day 40

January 13, 2012 by

Personal Injury Trust A Personal Injury Trust is any form of trust where funds are held by trustees for the benefit of a person who has suffered an injury. Personal Injury Trusts are also sometimes referred to as Special Needs Trusts.  A Personal Injury Trust is funded exclusively by funds derived from settlement funds which […]

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In Trusts We Trust: Day 26

December 23, 2011 by

Grantor Trusts, Day Two For the past twenty-four days, we’ve been covering Trusts. While there are hundreds of different techniques you could use to protect your assets, we believe that one of the most financially sound ways to protect your assets is by setting up a trust. Today we’re covering what is known as Grantor […]

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In Trusts We Trust: Day 5

November 19, 2011 by

Bypass Trusts A bypass trust is a long-term planning device; it is a tool for spouses who plan their estates together.  Bypass trusts are a legal method of circumventing gift tax that also allow for a married couple to minimize taxation of assets upon death.  How do bypass trusts work?  By leaving property to each […]

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In Trusts We Trust: Day 2

November 16, 2011 by

A/B Trusts An A/B Trust is a particular kind of trust for married couples; the contingency is that an A/B Trust only works if you are married at the time of your death.  The purpose of an A/B Trust is to save money that you’d pay in estate taxes—also known as death taxes—that the IRS […]

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