Sentences with phrase «trustees manage an asset»

Including a Henson Trust in your wills may allow you to pass money to your older daughter indirectly so that a trustee manages her assets when you're gone and maximizes potential government benefit entitlement while minimizing the risks with giving her a large inheritance directly.

A trustee manages the assets until the beneficiary reaches legal age.

In turn, the trustee manages the assets owned by the trust for the financial benefit of a beneficiary.

Not exact matches

Because employer - sponsored retirement plans like 401 (k) s are directly managed by an investment trustee, you can not put the assets under the control of the robo advisor.

Uncle John knows nothing about how to manage assets or the technicalities of being a trustee, the reporting, and understanding the investment strategy.

The Successor Trustee, who you've picked during your lifetime, steps in and manages the assets and distributes them according to what the document says, without obtaining a Court Order, in order for them to pass according to your wishes.

If you didn't have a Successor Trustee, you would likely need to get a Power of Attorney to manage the assets for your benefit, or a Conservator or Guardian; but because you have a Trust in place, all of the assets are owned by the Trust and the Successor Trustee can step in and administer them for your benefit, as if you were able to administer them yourself.

- Administering the New York State and Local Retirement System for public employees, with more than one million members, retirees and beneficiaries and more than 3,000 employers; - Acting as sole trustee of the $ 129 billion Common Retirement Fund, one of the largest institutional investors in the world; - Maintaining the State's accounting system and administering the State's $ 12.6 billion payroll; - Issuing reports on State finances; - Managing the State's assets and issuing debt; - Reviewing State contracts and payments before they are issued; - Conducting audits of State agencies and public benefit corporations; - Overseeing the fiscal affairs of local governments, including New York City; - Overseeing the Justice Court Fund and the Oil Spill Fund Acting as custodian of more than $ 9 billion in abandoned property and restoring unclaimed funds to their rightful owners;

The trustee must also keep complete and accurate records, exercise reasonable care and skill when managing the trust, prudently invest the trust assets, and avoid mixing trust assets with any other assets, especially his or her own.

The trust assets can be managed by trustees if the settler becomes incapable.

The complaint points out the two main differences between CITs and mutual funds, one of which is that, while ERISA explicitly excludes mutual fund managers from the definition of a fiduciary to the extent they are managing assets of a plan covered by ERISA, the trustees (and any sub-advisers they employ) of CITs are ERISA fiduciaries, according to Department of Labor (DOL) Advisory Opinion 2005 - 09A.

If you are a trustee of a self - managed superannuation fund (SMSF) or a small APRA fund, your members» total superannuation balances will determine whether you can use the segregated assets method to calculate exempt current pension income (ECPI).

Yes, putting 90 % of her assets in a low - cost S&P 500 index fund and 10 % in short - term government bonds are the instructions Warren Buffet has left the trustee who will manage his estate once he is gone.

Trustee - The person (s) or entity that has the exclusive authority and discretion to manage and control the assets of a pension plan.

Deposit the revenues into a trust fund, managed by trustees appointed with long terms and a mandate to protect the asset (the climate and atmosphere).

Trustee: the person or entity who manages the trust assets and makes distributions to the beneficiaries in accordance with the terms of the trust.

The Trustee serves as the legal owner of the Trust's assets and is responsible for managing and distributing the assets according to the terms of the Trust.

Revocable living trusts are comprised of all estate assets and managed by a trustee appointed by you.

An estate trustee is your personal representative who Will work to carry out your final arrangements, manage your estate assets, pay creditors, and convey your bequests.

In addition to managing bankruptcy and out - of - court proceedings for companies, secured and unsecured creditors, committees, trustees and asset purchasers, Zander also represents lenders in forbearances, loan restructurings, amendments and modifications.

The Grantor must also select a Trustee to manage the trust assets and specify the limitations placed upon the Trustee.

Trustee — The Trustee is the person or entity that is established to manage and distribute the trust assets according to the trust documents.

A trust is a legal document that is designed to hold property or assets of an individual (Grantor) or family and is managed by an individual or entity (Trustee) for the benefit of another individual or group of individuals (Beneficiary).

A common way to do this is through the use of an Irrevocable Life Insurance Trust (ILIT) that transfers policy ownership to a trustee who manages asset distribution after the insured's passing.

Instead, the grantor gives all control of the assets managed by the trust to a «trustee» who oversees the distribution of those assets according to the trust agreement.

If you're concerned about possible trouble from family members who don't approve of your marriage, you might consider establishing a revocable living trust, which is a legal document that lets you name a trustee to manage your assets.

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

KEY ACCOMPLISHMENTS • Attained appreciation award for Leading & managing a team responsible for conducting periodic internal compliance reviews determining compliance with regulations related to the Bank Secrecy Act, Office of Foreign Assets Control, USA Patriots Act, KYC, etc. • Made independent decisions discussing complex regulatory issues including the LOB impact with management • Coordinated and participated in on - site investment manager and service providers assessing the adequacy and effectiveness of their compliance programs • Supported the preparation of quarterly and annual compliance reports to the Board of Trustees • Stayed abreast of evolving investment advisory regulations and on that basis got a promotion

The Māori Trust Office, currently independent of the Crown and accountable to landowners and the Māori Land Court, exists to assist Māori to manage land and assets by acting as trustee or agent for owners of Māori land and assets.

TIP: If you name an institution as your trustee, be sure you're clear on how much control it can exercise in managing your assets and to what extent you can advise the trustee.

A Receivership is a court action, whereby a Receiver (similar to a Trustee) is appointed by a Court of Law to manage real estate for such time as needed to prosecute a lawsuit, or to manage and / or liquidate real estate assets for the benefit of a judgment creditor.