Sentences with phrase «into trust»

When parents leave a house to their two children and one child wants all of the house, the Trustee of a trust may be able to borrow against the house, put the loan proceeds into a trust bank account and distribute the home to one child and the loan proceeds (cash) of equal value to the other child.

Schlotzhauer says that while there is no requirement with RECO's insurance provider or the Real Estate and Business Brokers Act that brokers put commission monies into a trust account, he agrees that it's something salespeople — both those who are working with an existing brokerage and those looking to move to a new one — want to make sure is happening if they want to better protect their commissions.

Another option being considered is mandating that brokers put commission funds into a trust account as opposed to a general business account, which currently isn't a requirement.

into a trust / bond fund as a condition of getting licensed.

Purchasing into a Trust has many advantages, many of which hinge on the transaction being long - term in nature.

If there is no one to pass the company on to or into a trust, then it may go into probate.

The rule now says earnest money must be deposited into a trust fund within three days of execution of the contract by the seller and buyer.

Next, the Salesperson allegedly convinced the Client to purchase three additional units: one for the Client's personal use; one for renovation and resale; and one for the Salesperson's personal use that was placed into a trust created by the Salesperson.

For instance, in Depugh v. Ohio Dept. of Commerce, 1998, the Ohio Court of Appeals upheld a one - month suspension of a broker's license after the broker had waited a week — longer than the law allowed — to deposit a $ 1,000 check into a trust account.

Transferring assets into a trust, by changing the title of the assets to list the owner as the trust, in the name of the trustee or trustees.

Trust in which income is deposited into trust rather than distributed.

Property left through a will must go through probate before it can «pour over» into the trust.

Monies paid into trust are not in the nature of a bond.

When I witness a couple move from fear and blame into trust and genuine care, I am inspired to feel hope for humanity.

The funds from your retainer go into a trust account and your attorney pays himself from those funds as your case progresses and work is done on your case.

When a person creates a trust, he voluntarily transfers his property into the trust for the benefit of others.

Whether you receive income from a trust fund or placed assets into a trust during your marriage, how that trust will be...

Land tax like the State Land Councils, receive money out of GDP and put into a trust and approach industry, despite dependence on the global economy.

With strong communication skills and significant insight into trust, investments, and financial services and support, I feel that I am a knowledgeable and qualified candidate.

Enter transactions from brokerage statements into the trust accounting system and produce financial reports

One solution will allow for blockchain scalability to preserve decentralization; the other solution will turn Bitcoin into a trust - based, permissioned payment system, and it may not even be able to achieve that in time.

In addition to a fine, Elio Motors is required to obtain both licenses to manufacture and deal in Louisiana and to place all refundable Elio Motors reservations into a trust account within 60 days.

Additionally, Elio is required to place all refundable reservations into a trust account within 60 days.

Given the ongoing interest and inquiry into our trust company charter, this was the perfect way to directly address the Bitcoin community.

The money went into a trust fund, maintained by the state, that would've been released to Faraday upon completion of the project.

You might even want to set the life insurance policy up to pay into a trust account.

«But it has to go into a trust and the trust hasn't been set up».

This could be used to pay other bills or even channeled into a trust that paid the utilities on the home indefinitely.

If your intended beneficiary is a minor, it is a good idea to arrange the money to go into a trust until that child is about 25 years old.

So, when you transfer assets to an ILIT, either in a lump sum or over a period of years, those assets are moving from your estate into the trust that will then pass to your designated beneficiaries.

ILITs are used for estate tax planning because money can be «gifted» by parents and grandparents into the trust, thereby moving money out of the estate and reducing its taxable exposure.

If you designated your family living trust as such, the death benefit of your cash value life insurance policy will flow into the trust and your successor trustee will have the obligation to manage it and utilize the tools provided in your living trust for the maximum benefit of your estate and your beneficiaries.

As an example, you can choose to have 90 percent of the death benefit go to your niece and the remaining 10 percent be put into the trust that was created to protect your pets.

Hey Jeff, I think what actually happens in most states if the parents of a minor child die and leave that minor child as beneficiary, is the money goes into trust for that child (not to the child's guardian as you wrote).

Your bail will be placed into Trust pending the decision of the Court.

You see, in doing so, your life insurance proceeds will flow, first to your spouse, and then into your trust upon your death if your spouse predeceased you.

However, they may pay the money into a trust for the child's benefit, or into a Uniform Transfer to Minors Act or Uniform Gift to Minor's Act.

In the mean time, the funds from the insurance will be placed into a trust account to be managed by a guardian.

Once you decide to put your life insurance into a trust, there's no turning back the clock.

For the wealthy with large estates, putting a whole life policy into a trust is a way to avoid paying hefty estate taxes when they die.

When the ILIT is set up, you will begin to gift funds into the trust for the purpose of paying the life insurance policy's premium.

A living trust won't help you out — most community property laws state that any community property moved into a trust remains community property.

One particularly popular loophole is when estates use grantor retained annuity trusts (GRATs) to transfer property tax free: «The estate owner puts money into a trust designed to repay the estate the initial amount plus interest at a rate set by the Treasury, typically over two years.

When proceeds become payable, the life insurance funds go into the trust which can then write a check to the federal government to pay the estate tax due.

Be sure to wait until any funds deposited into the trust account are actually collected by your bank before making a disbursement.

The opposing party sends a check, the lawyer deposits the money into the trust

These are simple bad - cheque scams packaged in a legitimate looking legal matter that is a set - up to have you deposit a fake cheque into your trust account.

Be cautious and check the validity certified cheques or bank drafts deposited into your trust account.

In my jurisdiction, Washington D.C., a 2009 Court of Appeals decision in In Re Mance held that flat fees paid to lawyers must be deposited into their trust account and held until the fee is earned.

Instead, I am required to deposit a flat fee paid in advance into my trust account, and disburse the proceeds as they are earned.