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31 Jul 2014, 6:36 am by Carl Neff
In Delaware, beneficiaries of a trust have the right to petition the Court of Chancery to seek recovery from trustees who have wrongfully spent trust funds for their personal use, or mismanaged assets through neglect. [read post]
24 Jan 2014, 5:58 am
These trusts are funded by family members, by life insurance policy proceeds, or by personal injury and malpractice award settlements. [read post]
2 Oct 2008, 7:30 am
The New Yorker: Rich Bitch: The Legal Battle Over Trust Funds For Pets, by Jeffrey Toobin: The twelve-million-dollar trust for the dog is bigger than any other single bequest in the will. [read post]
8 Aug 2016, 4:38 pm by Sabrina I. Pacifici
Airport and Airway Trust Fund: Less Than Half of Noncommercial Jet Fuel Tax Receipts Are Transferred, GAO-16-746R: Published: Aug 8, 2016. [read post]
18 Feb 2016, 10:28 am by Kenneth Vercammen Esq. Edison
If you are presently discussing the possibility of purchasing life insurance, consideration should be given to whether the policy should be owned by an individual or by a trust, as well as the selection of the beneficiaries.A number of advantages and disadvantages of insurance trusts should be considered.Advantages(a) If you die more than three years after the creation of the trust and its funding, the assets in the trust are excluded from your estate. [read post]
1 Aug 2013, 9:00 pm by Karel Frielink
The Curacao Trust can be used for different purposes, such as, for example: To set aside capital for children’s upbringing, education or maintenance Estate planning Charitable purposes Structuring by pension funds or investment funds Protected or Segregated Cell Company (e.g. to be used as an umbrella fund) A Curacao Trust is subject to profit tax. [read post]
22 Jan 2014, 9:51 am by Robert Kulas
When you create your living trust document, your next step must be the funding of the trust. [read post]
4 Dec 2012, 7:38 am by Moderator
For example, a trust to fund the education of your children or grandchildren.Employee Trusts: For holding pension fund monies or for employee incentive schemesSpendthrift Trusts: For protecting prodigal or immature beneficiariesGrantor Trusts: The settler retains control over income or capital, or retains power to revoke the trustCharitable Trusts and Foundations: For advancing charitable causes. [read post]
21 Feb 2008, 7:53 pm
The Government has asked the Board of Taxation to review the taxation arrangements that apply to managed funds. [read post]
26 Feb 2024, 12:00 am
This trust is funded with the assets of someone other than the individual with a disability. [read post]
11 Jun 2012, 6:54 am by Ted Frank
We've previously noted the extent of the problem of asbestos bankruptcy trusts being used as trial-lawyer piggy banks to fund litigation against third parties on legal and fact theories different than those used to obtain recovery from the trusts. [read post]
2 Mar 2011, 6:00 am by Trusts EstatesProf
App. 2010), the Kentucky intermediate appellate court applied the traditional rule governing funding of lifetime trusts which states that a declaration of trust by the settlor is sufficient... [read post]
10 Oct 2007, 9:43 am
The class-action suit involves the alleged mismanagement by the US Department of the Interior [official website] of American Indian money [DOI Indian Trust Fund website], including [read post]
24 Apr 2012, 12:57 pm
According to the 2012 report, which was released yesterday, the trust fund will run dry by 2033. [read post]
25 Jun 2016, 5:47 pm by Sabrina I. Pacifici
Highway Trust Fund Administrative Expenses of the Federal Highway Administration, GAO-16-631R :Published: Jun 24, 2016. [read post]
12 May 2011, 8:25 am by Brian E. Barreira
In the past, pet owners were limited under Massachusetts law to leaving funds to a person and hoping those funds would be used to take care of the pet as a moral obligation, but not a legal one. [read post]
18 Jan 2019, 11:01 am by Adam Bednar
An error in the so-called “Fund the Trust Act” raising Baltimore taxes to subsidize its Affordable Housing Trust Fund causes the law to only collect a fraction of the expected revenue. [read post]