Sentences with phrase «as grantor trusts»

SolidX Bitcoin Trust, a proposal by SolidX Management LLC, a subsidiary of blockchain technology company SolidX Partners Inc., is also structured as a grantor trust.

• the Trust fails to qualify for treatment, or ceases to be treated, as a grantor trust for US federal income tax purposes, and the Trustee receives notice from the Sponsor that the Sponsor determines that, because of that tax treatment or change in tax treatment, termination of the Trust is advisable;

the Trust fails to qualify for treatment, or ceases to be treated, as a grantor trust for US federal income tax purposes, and the Trustee receives notice from the Sponsor that, because of that tax treatment or change in tax treatment, termination of the Trust is advisable;

The ILIT should be drafted as a grantor trust, which allows the sale to skirt both the three - year rule and any transfer for value issues.

The ILIT should be drafted as a grantor trust, which allows the sale to skirt both the three - year rule and any transfer for value issues.

Not exact matches

«One potential issue with a grantor trust structure [for a bitcoin ETF] is that assets within a grantor trust structure have historically had to be physical assets as well as homogenized.

The Winklevoss twins propose to structure their bitcoin ETF as a «grantor trust.»

The Trust is classified as a «grantor trust» for US federal income tax purpTrust is classified as a «grantor trust» for US federal income tax purptrust» for US federal income tax purposes.

These shares do not include 1,213,435 shares, valued at approximately $ 247,856,233 on March 20, 2015, that Mr. Pearson, as the grantor, previously contributed to the J. Michael Pearson grantor retained annuity trust, for which he is not the trustee and in which he has no pecuniary interest; however, the shares in this trust remain subject to the same selling restrictions as applicable to Mr. Pearson.

Revocable trusts, sometimes referred to as revocable living trusts, living trusts, or inter vivos trusts, refers to trusts that the grantor can amend at any time.

As icing on the cake, an IDGT may be set up so that the grantor authorizes the use of trust income to pay life insurance premiums on the grantor's or the grantor's spouse's life.

A family living trust (typically husband and wife) or a joint trust with two grantors can be used to shift assets between the spouses upon death as a way to most effectively use the deceased spouse's exemption amount.

Another key distinction for CRATs, CLATs and CRUTs, CLUTs, is whether the trust will be treated as a grantor or non-grantor trusts.

Transfers to a revocable (or grantor) trust, which acts as the agent of the same individual, are not taxable nor reportable.

If they're minors (under age 18), you should probably establish grantor trusts for each of them and name the trusts as the beneficiaries.

For example, grantor trusts can hold an interest in a physical commodity such as gold, while limited partnerships are more likely to be used for commodity - centric ETFs with exposure to futures contracts.

As such, it is a leap of faith to expect individual investors to easily comprehend the differences between exchange - traded funds, exchange - traded notes, unit investment trusts, and grantor trusts.

The AFR is useful for tax concepts such as Original Issue Discount (when issuers sell low - interest or no - interest bonds or loans at less than face value, attempting to recharacterize interest income as return of principal), various grantor trusts (e.g. GRATs), and so forth.

Index ETFs can be set up as either grantor trusts, unit investment trusts (UITs) or open - ended mutual funds, and will subsequently have some different regulatory guidelines.

Two asset protection benefits are, one, that an irrevocable trust may be set up for the employee to own the policy, such as an irrevocable life insurance trust OR another type of grantor trust, and this can assure that the policy will not be included in the employee's taxable estate for split dollar estate planning purposes.

Publicly traded grantor trusts, such as Merrill Lynch's HOLDRs securities, are sometimes considered to be ETFs, although they lack many of the characteristics of other ETFs.

Grantor trusts are also often used for various strategies such as using intentionally defective grantor trusts with a «gift and note» concept in order to gain income and estate tax savings.

A nonresident trust that is required to file a federal return, including a grantor trust, with gross income (as defined in IRC Section 61 (a)-RRB- from Idaho sources of $ 100 or more for the current tax year

A resident trust that is required to file a federal return, including a grantor trust, with gross income (as defined in IRC Section 61 (a)-RRB- of $ 100 or more for the current tax year

We design estate plans that include revocable and irrevocable trusts, including insurance trusts, generation skipping and dynasty trusts, grantor retained annuity trusts, intentionally defective grantor trusts, and charitable trusts as well as family limited liability companies and family limited partnerships, and private foundations.

Ms. Yazdchi's experience also includes drafting and implementing revocable trusts, financial and healthcare powers of attorney, more complex trust instruments such as irrevocable intentionally defective grantor trusts (IDGTs), and all aspects of trust and probate administration.

Mr. Hafen's practice includes advice regarding sophisticated tax, estate, asset protection, and business planning strategies, including the preparation of documents such as wills, living trusts, durable powers of attorney, healthcare directives, asset protection trusts, irrevocable life insurance trusts, gift programs, grantor retained annuity trusts, education trusts, family limited partnerships and limited liability companies, generation - skipping transfers, charitable giving, charitable remainder trusts, private foundations, property agreements, and prenuptial and postnuptial agreements.

Although there are many advantages to setting up an irrevocable trust, they aren't quite as common as revocable trusts simply because the grantor loses control and rights to any assets transferred to the trust.

A revocable trust, also known as a living trust, allows the grantor the right to alter, change, modify, or revoke it entirely.

An insurance trust is an irrevocable trust set up with a life insurance policy as the asset, allowing the grantor of the policy to exempt asset away from his or her taxable estate.

Two asset protection benefits are, one, that an irrevocable trust may be set up for the employee to own the policy, such as an irrevocable life insurance trust OR another type of grantor trust, and this can assure that the policy will not be included in the employee's taxable estate for split dollar estate planning purposes.

If there is a question about the grantor being able to obtain coverage and you want to verify insurability before paying the expense of having a trust drafted, have the grantor apply for coverage and list the owner as a trust to be named.