Sentences with phrase «separate trust»

(c) if the brokerage is to hold special levy money, at least one separate trust account in the name of the strata corporation for the special levy money.

There are now more than 2,000 separate trusts running academies and he told heads there would be «far more robust oversight» of the finances of academy trusts.

▪ It's recommended that your trust cover all pets in your lifetime, rather than separate trusts for each pet.

This is done typically in a joint revocable living trust by providing a legal means within the trust to create separate trusts upon the first spouse's death, thereby creating a protected second trust for a surviving spouse.

Rajeev, two separate trust deeds would mean that one of us will be in the 1st position and the other one in the 2nd.

The court separated the trust's allegations into five broad categories of dishonesty:

Coventree managed and administered ten separate trusts commonly called «conduits» which issued asset - backed commercial paper debt instruments («ABCP»).

Yet many firms choose to maintain separate trust accounting systems — increasing complexity and risk...

@David Frol: You may want to consider 2 separate Trust Deeds (one for yourself and one for your dad) in addition to the 2 separate promissory notes... as you are truly headed into a grey area, where even some of the rules are not too clear... ping me offline and we can discuss..

Notwith - standing such division into shares, each share shall not constitute a separate trust, but rather, the entire trust estate provided for under this Article SEVENTH shall be held as one trust for the benefit of both organizations.

The group changed its structure in April, separating the trust — which owns the vineyards — from the company.

The program is financed through two separate trust fund accounts: the Hospital Insurance (HI) Trust Fund and the Supplementary Medical Insurance (SMI) Trust Fund.

Rather than setting up mutual funds as separate trusts, they can be organized as a corporation that includes a family of funds under the same umbrella.

Even if the fund - management company goes bankrupt, its creditors can't touch the money in the mutual fund, which is held in a separate trust for investors.

This trust could be created in a will or outside of it in a separate trust agreement.

Assets must be put in a separate trust for the employee's benefit and this means they are not general assets of the corporation for asset protection purposes.

This separate trust as well as the remaining trust estate can pass without federal estate taxes using this approach.

If the loan defaults, the lender's rights are limited to the asset held in the separate trust.

A trustee can use a limited recourse borrowing arrangement to fund the purchase of a single asset (or collection of identical assets that have the same market value) to be held in a separate trust.

Each separate trust holds a bucket of private student loan debts that have worked their way from the Originator to the Depositor.

Until he's finished with school, his needs should be considered as well; either in a separate trust with a separate life insurance policy, or perhaps using funds from your pension or savings.

When the first spouse dies, two separate trusts are created.

You wish to revoke a joint living trust in anticipation of creating a single living trust, for example, due to divorce or the desire for separate trusts.

Once a licence has been granted by the Copyright Board, all accrued and future royalties will be paid into a separate trust account established by CSI expressly for this purpose.

The plaintiff's counsel will invest the monies into a separate trust account;

Although attorneys aren't required to set up a separate trust account for each client or case and instead can establish one account for use for all clients, Thomas Simeone, managing partner at Simeone & Miller, emphasizes:

Each policy is considered a Trust (no need to create a separate Trust) and needs to have a Trustee.

My current LLC is active with bank accounts, but I have a separate trust that «holds» my funding.

Deposits in these circumstances would have to be held in a separate trust account other than the brokerage's statutory trust account.

If a brokerage is to collect and hold funds on behalf of the strata corporation, those funds must be kept in a separate trust account in the name of the brokerage on behalf of the client e.g. ABC Strata Management Co. in trust for VR 12777.

If the brokerage is to also collect and hold special levy and / or contingency reserve funds on behalf of the strata corporation, those funds must be held in at least one other separate trust account.

(3) Subject to subsection (4), subsection (1) does not apply to money deposited in a separate trust account maintained by a brokerage for a principal, in which case the interest is to be paid to or in accordance with the instructions of the principal.

(i) in respect of money held or received on account of trades in real estate — a separate trust ledger for each trade in real estate showing all amounts received and disbursed in relation to the trade and any unexpended balance in relation to the trade;

(b) if the brokerage is to hold contingency reserve fund money, at least one separate trust account in the name of the strata corporation for the contingency reserve fund money;

(ii) in respect of money held or received on account of rental property management services — a separate trust ledger for each principal showing all amounts received and disbursed in relation to the principal and any unexpended balance in relation to that principal;

(iv) in respect of money held or received on account of remuneration for real estate services — a separate trust ledger for each licensee or other intended recipient showing all amounts received and disbursed in relation to the recipient and any unexpended balance in relation to the recipient;

(iii) in respect of money held or received on account of strata management services — a separate trust ledger for each principal showing all amounts received and disbursed in relation to the principal and any unexpended balance in relation to that principal;