Currently viewing the tag: "trustee"

In Trusts We Trust: Day 54

February 2, 2012 by admin

Testamentary Trust A Testamentary Trust is typically put in place for children so that when a parent dies, an appointed trustee will make sure money from things such as life insurance policies, etc are distributed to them correctly. The trustee will be responsible for the trust and distributing funds until the trust expires which is […]

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In Trusts We Trust: Day 51

January 30, 2012 by admin

Spendthrift Trust Spendthrift trusts are trust accounts that have an appointed trustee over them to oversee the distribution of the assets that are left after you have passed away.  The beneficiary of a spendthrift trust can’t spend the money in the trust until it has actually been distributed to them.   Assets that are held in […]

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In Trusts We Trust: Day 49

January 27, 2012 by admin

Special Needs Trust A special needs trust is a trust that provides supplemental assistance to a disabled person or a mentally disabled person.  Special needs trusts are not able to be used for support purposes, such as food and shelter.   One of the benefits of a special needs trust is that the beneficiary doesn’t lose […]

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In Trusts We Trust: Day 48

January 25, 2012 by admin

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 33

January 5, 2012 by admin

Implied Trust An Implied Trust is a Trust that arises by inference; the trustor’s intentions are speculated upon, and using the trustors conduct, actions, words, relationships, etc., a conclusion is drawn.  First, however, an intention on behalf of all concerned parties to create a Trust in the first place has to be reasonably proven to […]

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In Trusts We Trust: Day 32

January 3, 2012 by admin

New Year Recap For the past six weeks we’ve been delving deeply into the world of Trusts.  Stick with us in the New Year and you’ll be one of the smartest, most informed people you know! We’re continuing on where we left off; for the next few weeks we’ll continue the series.  In case you’re […]

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In Trusts We Trust: Day 30

December 29, 2011 by admin

Implied Trusts Today we’ll cover Implied Trusts, which are generally the result of litigation over misused assets or assets that have been absconded with. An Implied Trust is a legal arrangement that has the characteristics of a trust without the formalities establishing one. An implied trust may not be expressly defined as a trust in […]

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In Trusts We Trust: Day 26

December 23, 2011 by admin

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 25

December 22, 2011 by admin

Grantor Trusts, Day One 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, starting at stashing your cash under the mattress, and moving on up, we believe that one of the most financially sound ways to protect your assets is by […]

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In Trusts We Trust: Day 23

December 21, 2011 by admin

Express Trusts When a person uses the term “Trust,” what they are typically referring to is an Express Trust. An Express Trust is a deliberately created legal tool that is executed by a grantor to exercise his powers of ownership over his assets.  An Express Trust refers to Trusts that are specifically created by the […]

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