Sentences with phrase «trust account in the name»

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.

(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;

(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.

Not exact matches

Tax slips will be issued with the trustee's name and SIN, and will clearly indicate that the account is registered in trust for a beneficiary, whose name will also appear on the slip.

Learn more about naming the Foundation as a beneficiary in a will, a retirement plan, trust or financial account.

FROM, «A Trust Inherits the IRA», JULY 2017» A new inherited IRA account will need to be opened in the name of the original account owner for the benefit of the tTrust Inherits the IRA», JULY 2017» A new inherited IRA account will need to be opened in the name of the original account owner for the benefit of the trusttrust.

Interest is compounded daily, and the account can be opened in the name of individuals, trusts or IRAs.

The fund's you pay each month go directly into an FDIC insured trust account that's in your name and you have total control of.

You can also look no further than the descendants of Standard Oil, whose trust fund accounts are filled with shares in Exxon Mobil (NYSE: XOM), or Chevron (NYSE: CVX) to name a few, which have been able to raise and pay stable dividends for a century.

For mutual funds, stocks, trusts etc - the broker will buy the shares in your name and will hold them in a trust account.

However, if you deposited Canada Child Tax Benefit or Universal Child Care Benefit payments into a bank account or trust in your child's name, the interest earned on those payments is your child's income.»

Thanks for the info CC, what I meant though was in regards to depositing the Canada Child Tax Benefit or Universal Child Care Benefit payments into a bank account or trust account in my child's name (since the TFSAs will not be available to them as they are under 18 years).

CRA: «You have to report any interest on money you invested in your child's name unless you deposited Canada Child Tax Benefit payments into his or her bank account or trust.

Some families prefer to invest outside of RESPs — in informal trusts, by purchasing stocks or bonds in the child's name, or simply by opening a savings account.

Each month your money will be deposited into your trust account, that is solely in your name.

We can not offer to title the DimeDirect Money Market Account in the name of a trust, however, the trust can be set up as a beneficiary.

We then transferred the assets from our old cash account (which was just in my name) to the trust account.

2503 (c) Minor's Trust Account Ownership: In Whose Name to Save?

Open an account with First Bank & Trust Company and a donation will be made in your name.

During the course of litigation, Laiken obtained a very broadly worded ex parte Mareva order freezing the assets of Sabourin and other named defendants which included enjoining any others «with knowledge of this Order» to «prevent the sale, disposition, withdrawal, dissipation, sale, assignment, dealing with, transfer, conveyance, conversion, encumbrance or diminishment» of the assets, specifically including money held in «trust accounts».

We'll name it for the client: «Sample Client» — and then the key thing is to make it a sub-account under the «funds held in trust» liability account.

The initial retainer is an amount which is placed in our firm's trust account under your name.

Many times, those for whom PPLI was designed want to invest in hedge funds, but hedge funds can carry significant taxes: If the wealthy individual invests in them in his or her personal name, in a taxable account or in a trust, every trade the manager makes can generate a capital gains distribution, and any ordinary income is taxable at particularly high rates.

Set up a savings account and keep it in reserve or set it up as a trust fund that is regularly paid into, and which will become payable at the time of the named person's demise.

Is a person or institution you name in a will, trust, or pay on death account to receive a gift of specific property.

All you have to do it set up a separate checking or savings account, name is escrow or trust and DO NOT COMINGLE any funds in that account.

Back in the beginning of my own incorporated company, I wrote a cover letter to both the buyer and the seller, saying re: the sale of... (Property Address) the contract - called - for purchase deposit (note I didn't say «the purchaser's deposit) is now in our specific corporate trust funds account at xxx (name) bank, located at: xxx (bank's address).

In fact, his name should be added to the most important changes list, regarding protecting agent commissions via Commission Trust accounts that are now taken seriously.

(a) the holding brokerage must deposit the money into a separate brokerage trust account maintained in the name of the service brokerage;

(b) if the blended payment was deposited in a trust account maintained in the name of a section of the strata corporation, transfer that portion of the blended payment that was received on behalf of the strata corporation or received on behalf of another section of the strata corporation, to a trust account maintained under section 7 - 9 (2)(a) in the name of the strata corporation or the other section, as the case may be.

(a) if the blended payment was deposited in a trust account maintained in the name of the strata corporation, transfer that portion of the blended payment that was received on behalf of a section of the strata corporation to a trust account maintained under section 7 - 9 (2)(a) in the name of that section, and

107 DOS 98 Matter of DOS v. Sosis - subject matter jurisdiction; due process; failure to appear at hearing; proper business practices; deposits; fraudulent practice; DOS fails its burden of proof; DOS has subject matter jurisdiction if at the time the disciplinary proceeding was commenced by proper service of a notice of hearing and complaint the party was (i) licensed to engage in regulated real estate activities, or (ii) an applicant for either a license or for the renewal of a license to engage in regulated real estate activities, or (iii) eligible to automatically renew the prior license under the two - year limitation provision of RPL § 441 (2); ex parte hearing is permissible upon proof of proper notice of hearing; DOS has subject matter jurisdiction where party was licensed at the time proceeding was commenced and, where at time of hearing, although not licensed was eligible to automatically apply to renew pursuant to RPL § 441 (2); licensee operated a real estate brokerage business under an unlicensed name; licensee unlawfully retains deposit funds after deposit monies were delivered on the condition that same were to be disbursed only on the principal's consent and approval and said consent and approval was not given; licensee's illegal exercise of right of ownership over his principal's funds spawns conversion and constitutes a fraudulent practice; DOS fails its burden of proof to establish licensee failed to deposit trust funds in a segregated escrow account, engaged in fraud and changed business location without notice to DOS; restitution ordered in the amount of $ 1,900 plus interest, fine of $ 1,000 and any further application for licensure shall not be considered until applicant pays said fine and provides proof of payment of restitution

A bank account is also created in the name of the trust.

Equity Trust requires that I open an individual brokerage account (with Fidelity, Charles Schwab, etc.) in the name «Equity Trust Company Custodian FBO IRA».

Then, in collaboration with the brokerage, we had to open new bank accounts with a financial institution including a trust account, a commission trust account and an expense account under the name of our new affiliated brokerage, Hammer & Associates.

Section 7 - 1.1 of the Rules also requires that the «Holding Brokerage» deposits the money into a separate brokerage trust account maintained in the name of the «Service Brokerage».