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16 Sep 2007, 2:30 pm
Jonathan Klick and Robert Sitkoff have recently posted an exciting paper on the cost of the 2002 injunction that prevented the Hershey Trust's sale of its controlling interest in the Hershey Chocolate Company, "Agency Costs, Charitable Trusts, and Corporate Control:... [read post]
25 Jun 2014, 5:45 pm
A trustee will manage the trust in much the same way that a CEO will manage a corporation. [read post]
6 Jul 2012, 12:46 pm
Montgomery Bank & Trust, Ailey, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. [read post]
22 Feb 2016, 5:11 am
It is not necessary for the Trust to file a separate tax return as would be the case for an LLC or corporation. [read post]
8 Jun 2021, 4:00 pm
Woodward Clarified Corporate Law, Wills, Trusts, & Estates Law ejournal (2021). [read post]
8 Jun 2009, 7:00 pm
For more information on charitable trusts, please view a prior post, "Charitable Trust Doctrine. [read post]
1 Apr 2022, 4:00 am
On January 21, 2022, the Federal Deposit Insurance Corporation (“FDIC”) approved a new rule (going into effect on April 1, 2024) that will simplify the agency’s deposit insurance coverage regulations (after you can through 20 pages of rules!). [read post]
13 Oct 2022, 9:49 am
For example, if a trustee used money held in trust for a fraudulent purpose, such as using investment money for a corporation they had a beneficial interest, but there is doubt whether these actions violated their trust duties, then the trustee might be convicted of theft instead of breach of trust. [read post]
9 Aug 2008, 2:26 pm
This is one of the major benefits of using a NFA trust over a Corporation or LLC to purchase class III firearms. [read post]
9 Aug 2008, 2:26 pm
This is one of the major benefits of using a NFA trust over a Corporation or LLC to purchase class III firearms. [read post]
19 Jan 2010, 7:17 am
A Harris/Decima survey of Canadian income trust executives was published today, revealing that 84% of trust executives expect that conversion to a corporation will trigger a reduction in distributions/dividends currently paid to investors. [read post]
26 Oct 2016, 6:00 am
The First Marblehead Corporation is an education loan finance company that owns TERI. [read post]
17 Sep 2014, 3:30 am
We’ve identified some compassionate business practices that are leading to corporate success. [read post]
26 May 2015, 6:30 am
To overcome these obstacles, you could use a corporate entity like a bank or a trust company. [read post]
13 Oct 2011, 6:22 am
Paraphrased in a recent profile, the General Counsel of AOL, Julie Jacobs, “sees the role of corporate counsel as establishing trust both inside and outside the company. [read post]
20 Jul 2012, 12:58 pm
Georgia Trust Bank, Buford, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. [read post]
30 Apr 2015, 6:30 am
You name a trustee when you create a revocable living trust, and you may want to use a corporate trustee such as a trust company. [read post]
25 Jul 2012, 9:00 am
One note: A Domestic or Foreign Asset Protection Trust works for most entities -C Corporations, Limited Liability Companies, Limited Partnerships -but not necessarily for an S Corporation, since only certain types of trusts can own S Corporation stock. [read post]
31 Jan 2017, 7:28 pm
There is no Internal Revenue Code provision that addresses or facilitates such divisions, such as, by analogy, the corporate reorganization provisions that permit corporations to reorganize themselves without triggering adverse income tax consequences. [read post]
20 Sep 2016, 7:43 pm
Beatrice Corwin Living Irrevocable Trust v. [read post]
