Sentences with phrase «trust during their lifetime»

Distributions from the trust during your lifetime (most of them, anyway) will be taxed at favorable capital gains rates.

Another benefit of using a Credit Shelter Trust is that your surviving spouse retains the right to receive income from the trust during her lifetime, and can also access funds from it for health, education, maintenance and support reasons.

The main benefit is that the surviving spouse continues to have rights to the assets in the trust and any additional income generated by the trust during their lifetime.

Not exact matches

Provides for the trust creator's spouse during his / her lifetime, and then distributes as directed by the trust creator.

The second main advantage is actually during your lifetime; whereas, a Will doesn't become effective until you pass away, the Trust is immediately effective.

A Living Trust, or inter vivos trust, can be more advantageous than a Trust Under Will because it avoids the probate process and becomes operative during your lifeTrust, or inter vivos trust, can be more advantageous than a Trust Under Will because it avoids the probate process and becomes operative during your lifetrust, can be more advantageous than a Trust Under Will because it avoids the probate process and becomes operative during your lifeTrust Under Will because it avoids the probate process and becomes operative during your lifetime.

During your lifetime you can name yourself trustee with First Bank & Trust being named as successor trustee to take control and administer your trust after your dTrust being named as successor trustee to take control and administer your trust after your dtrust after your death.

Irrevocable trust funded by gifts by its grantor; designed to shift future appreciation on quickly appreciating assets to the next generation during the grantor's lifetime

Also, the stand alone special needs trust, as discussed above, can be funded with other assets during the trustmaker / s lifetime.

Many Canadian testamentary trusts are set up to distribute income to a surviving spouse during his / her lifetime.

Most gifts into trust are now subject to inheritance tax even if made during your lifetime, but this is an area where you would need specialist advice.

(In a revocable trust, you would be your own trustee during your lifetime.)

Trusts and other estate planning tools help people manage their assets during their lifetime and preserve them for their heirs.

It's a trust your father would set up with a lawyer to move some or all of his assets into during his lifetime.

Revocable Living Trust: This trust stays in effect during your lifetime and can be amended or terminated at any time prior to your dTrust: This trust stays in effect during your lifetime and can be amended or terminated at any time prior to your dtrust stays in effect during your lifetime and can be amended or terminated at any time prior to your death.

A revocable living trust is set up during your lifetime and can be revoked at any time before death.

Hull, who was passionate about rescued cats and dogs during her lifetime, left one - third of her estate to the animal shelter to ensure that passion lived on through their work, according to a statement issued by the executor of the Mabel Pearl Hull Trust.

This option allows you to make Maddie's ® Shelter Medicien Program at Cornel the remainder beneficiary of a trust you create during your lifetime while retaining income for yourself and / or that of a second beneficiary.

Revocable Living Trust: As the name implies, these trusts are created during the lifetime of the donor and may be changed or revoked at any time by the person who created the tTrust: As the name implies, these trusts are created during the lifetime of the donor and may be changed or revoked at any time by the person who created the trusttrust.

Gifts from Your Will or Trust Need to preserve your assets during your lifetime?

American Rivers benefits from the stream of reliable, steady gifts from the lead trust, and you're able to witness the good work your contribution makes possible during your lifetime.

the settlor (and the settlor's spouse, if it's a joint partner trust) must be entitled to receive all the income arising during the settlor's lifetime (and the lifetime of the settlor's spouse, if it's a joint partner trust)

«In most cases, the terms of such a trust, such as the Mockingbird Trust here, and the nature of the assets conveyed to the trust during a person's lifetime are not public information.&rtrust, such as the Mockingbird Trust here, and the nature of the assets conveyed to the trust during a person's lifetime are not public information.&rTrust here, and the nature of the assets conveyed to the trust during a person's lifetime are not public information.&rtrust during a person's lifetime are not public information.»

There is a presumption that when one person transfers title to property gratuitously into the name of another (including into a joint tenancy) the transfer is not a gift, but the person receiving an interest in the title gratuitously, holds the title in trust (known as a resulting trust) for the transferor during her lifetime, and for her estate after death.

While inter vivos trusts created during an individual's lifetime have always been taxed at the highest rate, testamentary or will trusts have benefited from a tax advantage.

Mr L gifted # 2.7 m to the trust, of which he was in the class of potential beneficiaries and received distributions totalling # 15,965 during his lifetime.

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

Accomplish this by: > Living Revocable Trusts > Irrevocable Trusts > Family Gifting Programs > Survivorship Life Insurance > Charitable Remainder Trusts We can assist you in reducing taxes so you will have a larger estate to enjoy during your lifetime, and help preserve your estate for your family after death.

With a living trust, your assets are managed for your benefit during your lifetime and then transferred to your beneficiaries when you die without court supervision.

Living Trusts: A trust created by an individual (s), often a husband and wife, during his or her lifetime.