Sentences with phrase «of grantor»

«The trustee holds title for the benefit of the grantor.

Medical power of attorney or health care power of attorney names someone who is trustworthy to speak on the behalf of grantor.

A trustee is a third party who is legally responsible for managing a trust and distributing its assets on behalf of a grantor.

Any coverage above these limits held in an ILIT is generally protected from the creditors of the grantor and / or beneficiary.

Upon the death of the grantor, the trust pays the benefits to the beneficiaries.

The trustee then becomes the owner and the manager of the grantor's insurance policies but the decisions they make are based on the provisions written by the grantor.

It is common for the law to require that a life insurance trust to be set up at least three years in advance of a grantor's death in order for the death benefit to be exempt from the estate tax.

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.

A trust is a separate legal entity that can buy, sell, own and manage property and distribute it according to the wishes of the grantor, who creates and owns the trust.

Living Trust A trust created to take effect during the lifetime of the grantor.

l the minority of person (s) living or en ventre sa mere at the death of the grantor / settlor / testator.

A power of attorney grants a person the authority to act on behalf of the grantor, and does not deprive the grantor the power to act in a manner that they would be authorized to, in lieu of a power of attorney.

The traditional view would also terminate the right upon the death of the grantor, at least if it does not expressly provide otherwise.

Where the issue of intention is relevant to the finding of resulting trust, it is the intention of the grantor or contributor alone that counts.

Mother's Advancement of $ 50,000 to Son Who Died Found to Be a Loan and Not a Gift BY Appeal Court It is often difficult to determine the intention of the grantor when monies are advanced for no consideration from one party to another and it... Read more

For example, there is the possibility that in any case a part of an original site has ceased to be used for the purposes prescribed under the original deed, so as to give rise to a reverter at that stage, with the result that any claims by or on behalf of the grantor's successors could be out of time.

Trust: An arrangement created by one person (the «grantor») where assets of the grantor are transferred to another person (the «trustee») to be held for the benefit of a third person (the «beneficiary»).

Warranty Deeds guarantee good title to the property at the liability of the grantor; however, they are not commonly used in all states.

«There is no ambiguity about the intent of the grantor or trust — Peter Cooper wanted a free school,» said another Committee lawyer, Zoe Salzman, referring to the industrialist who gave his fortune to create the school in 1855.

A pet trust is a legally sanctioned arrangement providing for the care and maintenance of one or more companion animals in the event of a grantor's disability or death.

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.

The assets in a charitable trust aren't part of the grantor's taxable estate so upon death of the grantor, these assets won't be subject to estate taxes

So often these days, children acting under a power of attorney who stand to inherit the assets of the grantor act like the money is theirs, even taking money while their parents are still alive.

(2) At death, trust assets are not subject to estate taxes because they are no longer part of the grantor's taxable estate.

The projected tax liability of the grantor's estate and the type of estate assets are the primary factors in deciding how much insurance to purchase.

They are also ideal for «gifting» to younger generations and for holding assets outside of the grantor's estate for pre-Medicaid planning.

Other provinces handle the matter differently, but in Ontario you can claim 3 % of the monies received and disbursed by the grantor, and a management fee of 3 / 5ths of 1 % of the average annual value of the grantor's assets.

One who holds a power of attorney from another to execute documents on behalf of the grantor of the power.

First, it reduces the size of the grantor's estate.

There is no such thing as a stock narrative to have on file, each appeal is unique and designed to meet the need of the grantor.

The fellowship grant in Spiegelman was considered noncompensatory because it resulted from the «detached and disinterested» largesse of the grantor, requiring no substantial quid pro quo.

A scholarship or fellowship grant conditioned either upon past, present, or future services by the recipient, or upon services that are subject to the direction or supervision of the grantor, represents payment for services» (PLR 9851002).

A requirement that the recipient pursue studies, research, or activities primarily for the benefit of the grantor is treated as a requirement to perform services.

If income is attributable to U.S. sources, income tax for the trust is the responsiblity of the grantor.

Joint living trust: A cancelable arrangement created by a married couple («Grantors»), whereby the Grantors transfer property to a trustee to be held for the benefit of the Grantors while alive, then distributed to named beneficiaries.

• Collect and organize information regarding grant availability and funding cycles of grantors

Not exact matches

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.

Commodity ETFs come in one of three structures: grantor trusts; LPs; or ETNs.

For tax purposes, exchange - traded products come in one of five structures: open - end funds; unit investment trusts (UITs); grantor trusts; limited partnerships (LPs); and exchange - traded notes (ETNs).

You may also write the lender or credit grantor — not the reporting agency — and request a goodwill removal of the late payment item.

Currency Funds Currency ETFs come in one of four structures: open - end funds, grantor trusts, LPs or ETNs.

Commodity Funds Commodity ETFs come in one of four structures: open - end funds, grantor trusts, LPs or ETNs.

The Northern Virginia Transportation Authority and the Hampton Roads Transportation Authority are also able to charge a realty grantor's fee of $ 0.40 per $ 100.

• 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;

To the grantor of our wishes or to the Savior of the world?

[BOX 4] Arid Lands Symposium - General, 1954 - 1955 Conference Programs and Correspondence with Sponsors and Grantors, 1967 - 1969 Conference Files I, 1968 - 1969 Conference Files II, 1966 - 1968 Basic Research (Symposium), 1959 Basic Research (MacNeill and Lehrer Report from 1/76-11 / 77), 1976 - 1977 Gordon Research Conference Files 1941-1946 1947-1952 I, 1947 - 1952 II, 1947 - 1952 I, 1953 - 1955 II, 1953-1955 1956-1959 (old) / CRC I, 1960 - 1965 (old) II, 1960 - 1965 Indian Science Congress, 1946 - 1975 Oceanographic Congress, 1957 - 1959 Oceanographic Congress - Lists, 1959 Oceanographic Congress - Funds, 1959 - 1966 Parliament of Science, 1958 Conference on National Energy Policy, 1977 Research and Development Colloquia, 1975 - 1985 Cosponsored Meetings, Conferences, 1964 - 1983

«While developing our prototype, the challenge is gathering enough data which positively supports our product, to convince grantors we're worthy of money,» says Robinson.

[A] mounts paid or allowed to, or on behalf of, an individual to enable him to pursue studies or research are considered to be amounts received as a scholarship or fellowship grant for the purpose of section 117 if the primary purpose of the studies or research is to further the education and training of the recipient in his individual capacity and the amount provided by the grantor for such purpose does not represent compensation or payment for the services described in subparagraph (1) of this paragraph.

Consider this language from the first of these PLRs: «A scholarship or fellowship grant represents payment for services when the grantor requires the recipient to perform services in return for the granting of the scholarship or fellowship.