Sentences with phrase «of grantor trust»

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.

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.

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

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).

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.

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

• 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 advisTrust 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 advistrust 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 advisTrust 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 advisTrust 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 advistrust 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 advisTrust is advisable;

Instead, the trust becomes irrevocable after the grantor dies, and the successor trustee appointed in the trust document distributes the property according to the terms of the trust.

Mesabi Trust is a grantor trust in the United States, which protects the Trust Estate and to collects and distributes the income and proceeds there from to the Trust's certificate holders after the payment of, or provision for, expenses and liabiliTrust is a grantor trust in the United States, which protects the Trust Estate and to collects and distributes the income and proceeds there from to the Trust's certificate holders after the payment of, or provision for, expenses and liabilitrust in the United States, which protects the Trust Estate and to collects and distributes the income and proceeds there from to the Trust's certificate holders after the payment of, or provision for, expenses and liabiliTrust Estate and to collects and distributes the income and proceeds there from to the Trust's certificate holders after the payment of, or provision for, expenses and liabiliTrust's certificate holders after the payment of, or provision for, expenses and liabilities.

While this restricts you, the grantor, from control of the trust for its duration, an irrevocable trust is very tax advantageous.

In another significant development, the Senate version of the small business tax bill will drop the provision dealing with grantor retained annuity trusts, or GRATs, and instead include provisions expanding availability of Roth accounts.

The grantor of the trust can create specific objectives for the beneficiaries in the trust to get trust funds.

Typically, a trustee will have the discretion to distribute funds for the health, education and welfare of the individual, but can withhold mandatory distributions until 25, 30, 35, or older, depending upon the wishes to the grantor of the trust.

A qualified terminable interest property enables the grantor to provide for a surviving spouse and maintain control of how the trust's assets are distributed once the surviving spouse dies.

For the ILIT to be recognized, the grantor must give control over to the trustee of the trust.

Suppose George establishes an irrevocable «grantor trust» for the benefit of his daughter, Sally.

irrevocable trust that pays a fixed annuity to the grantor for a defined term, with the remainder of the trust passing to a noncharitable beneficiary

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.

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

The CLT also is more likely to be used to limit the grantor's taxable income because a portion of the income generated by the charitable trust assets will be paid to the designated charity.

A CRUT will designate the income to the grantor based upon a percentage of the overall value of the trust that is usually reviewed annually.

Charitable trusts are a specific type of irrevocable split interest trust, because a portion the income is paid to charity and / or the grantor and the remainder is designated to pass either to the charity of beneficiaries.

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

Spouses and grantor trusts filing jointly can claim a 5 percent tax credit on contributions up to $ 3,840, for a maximum of $ 192 per qualified beneficiary.

These factors could include the grantor's age and / or life expectancy, state of residency, asset base, the cost basis of the asset being gifted, trust tax rates, the beneficiaries» tax rates, trust drafting and more.

In the past, one part of estate planning included gift decisions: Grantors had to decide whether to give away assets while they were living, whether outright or in trust, in order to remove the asset and any appreciation from their estate.

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.

For the grantor, there are a few potential tax benefits: (1) Assets placed in the trust may qualify for an income tax deduction on the estimated present value of the remainder interest that will eventually go to charity.

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

When money, securities, property, or other assets are placed in a properly structured charitable remainder trust, the grantor or the grantor's beneficiaries receive payment of a specified amount at least annually.

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.

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

A trust fiduciary and a corporation when the trust or the grantor of the trust owns, directly or indirectly, more than 50 % in value of the outstanding stock of the corporation.

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.

An important point to clarify is that your revocable living trust WILL PROVIDE asset protection for the YOUR BENEFICIARIES upon your death (or the death of the last grantor or trustor, i.e. creator, if a joint revocable living trust).

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

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.

«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.

My estate planning practice includes drafting documents including wills, revocable trusts, powers of attorney, health care directives, pre - and post-marital agreements, irrevocable life insurance trusts (ILITs), intentional defective grantor trusts (IDGTs), grantor retained annuity trusts (GRATs), all types of partnership agreements and documents related to the formation and operation of limited liability companies (LLCs).

There are numerous ways to protect assets, including, but not limited to, self - settled trusts, which are distinct in that they are funded by a grantor who retains the benefit of the trust assets.

Amy helps clients establish a variety of trusts to meet their planning goals including grantor retained annuity trusts and intentionally defective grantor trusts.

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.

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»).

The Fraser (No 2) decision The current concern is plainly that the provisions of LSIA 1854 will result in the proceeds of any sales of libraries and museums by councils being held on trust for the original grantor or their successors or assigns (rather than the land having to be given back).

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.

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.