Search for: "The General Income Trust " Results 61 - 80 of 6,033
Sorted by Relevance | Sort by Date
RSS Subscribe: 20 results | 100 results
17 Mar 2016, 5:42 pm by Charles (Chuck) Rubin
Code Section 1311(b) generally also requires, in the case of an allowed refund, an inconsistent treatment as to the erroneous income exclusion. [read post]
31 Jan 2012, 6:12 am by admin
The beneficial use means they receive the income that the stocks generate. [read post]
6 Feb 2013, 11:35 pm by Dessen, Moses & Rossitto
Minority and/or Disability Trusts are often added as a standard clause in a Will, providing that if any assets are left to a young or incapacitated person who is not receiving Supplemental Security Income (a Special Needs Trust is required if SSI is involved), those assets will be held in trust. [read post]
19 Dec 2023, 4:15 pm by Law Offices of Daniel A. Hunt
While the grantor will pay income tax on any generated income from the trust assets, the trust beneficiaries will not owe any estate taxes after the grantor’s death. [read post]
20 Apr 2022, 9:49 am by Paul S.O. Barbeau
Budget 2022 proposes to create the Employee Ownership Trust: a new, dedicated type of trust under the Income Tax Act (Canada), to support employee business ownership in Canada. [read post]
16 Nov 2011, 7:34 am
 Per capita payments are generally subject to federal income taxation when the payments are made to the tribal member. [read post]
14 Mar 2011, 7:00 am by Danny Meek
The charity serves as trustee of the trust, and manages or invests the property so it will produce income for you The charity then pays to your Trustee of your pet trust, a portion of the income generated for a certain number of years, or for the duration of your pet trust. [read post]
25 Oct 2023, 12:05 pm by Law Offices of Daniel A. Hunt
  Distributions From Trust Income If some or all of a beneficiary’s distribution comes from the trust’s interest income or pecuniary gain, this payment generally will be taxable to the beneficiary. [read post]
14 Sep 2010, 10:15 am
The charity pays you and/or your beneficiary a portion of the income generated by the trust for a certain number of years, or for the remainder of your life. [read post]
12 Aug 2010, 1:23 pm
 This article is for general information only. [read post]
22 May 2014, 12:13 pm by Brian E. Barreira
In the absence of explicit contrary powers in the trust, the trustee has no power to deviate from generally accepted practices of fiduciary accounting when determining what is income and what is principal. [read post]
22 May 2014, 12:13 pm by Brian E. Barreira
In the absence of explicit contrary powers in the trust, the trustee has no power to deviate from generally accepted practices of fiduciary accounting when determining what is income and what is principal. [read post]
21 Oct 2015, 6:24 pm by Markus Sermons
Trusts have long been a tool used in asset protection and estate planning to protect property and income. [read post]
2 Dec 2013, 9:41 pm
This is set out as follows:We suggest an election of general application, with restrictions to meet concerns that tax-motivated trusts would be created to allocate income to low income beneficiaries, which would ultimately be capitalized and paid to high income beneficiaries. [read post]
15 Feb 2014, 8:00 am by Gerry W. Beyer
A trust to maintain specific burial plots cannot be modified to benefit the cemetery generally. [read post]
5 Dec 2023, 1:39 pm by Paul S.O. Barbeau
Introduction Under new Canadian legislation, bare trust arrangements are now subject to the filing requirements of a T3 Trust Income Tax and Information Return, where they previously were not required to. [read post]
6 Feb 2012, 3:07 pm by Randy Coleman
 After you have signed the qualified income trust document, it cannot be changed except to add new successor trustees if the serving trustee is unable or unwilling to continue as trustee, or to modify the trust to comply with applicable Medicaid law regarding nursing home care benefits.A QIT must be signed in accordance with the Florida law applicable to trusts generally, and irrevocable trusts specifically.There are administrative details… [read post]
9 Sep 2021, 4:08 pm by BPR Law
As a general rule of thumb, you shouldn’t retain the right to the home for longer than your life expectancy, because if you die during the retained income period, the residence will be returned to your estate for tax purposes. [read post]