Sentences with phrase «types of trust beneficiaries»

There are two types of trust beneficiaries which are income beneficiaries and remainder beneficiaries.

Not exact matches

You have certain types of income (such as business or farm self - employment income; unreported tips; dividends on insurance policies that exceed the total of all net premiums you paid for the contract; or income received as a partner, a shareholder in an S corporation, or a beneficiary of an estate or trust)

The most important and difficult aspect in drafting this type of trust is to make sure that no one who is older than the minor or the other primary beneficiary can ever receive any of the required minimum distributions that have been paid to the trust, but not then subsequently distributed to the minor or the other primary beneficiary for his or her benefit.

You may be able to buy other types of preneed insurance policies, trusts or funeral plans that will allow you to specifically select your beneficiary.

Life Insurance Trust: A type of life insurance policy where a trust company is named as the beneficiary and distributes the proceeds of the policy under the terms of the trust agreeTrust: A type of life insurance policy where a trust company is named as the beneficiary and distributes the proceeds of the policy under the terms of the trust agreetrust company is named as the beneficiary and distributes the proceeds of the policy under the terms of the trust agreetrust agreement.

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.

Note that there are different types of trusts and they can be difficult to change or cancel, even if all your beneficiaries agree, so think carefully about who a policy is designed to go to and get good advice from an insurance broker or a solicitor.

A super fund is a special type of trust, set up and maintained for the sole purpose of providing retirement benefits to its members (the beneficiaries).

There are two types of beneficiaries the current beneficiaries and the remaindermen who are named to receive trust assets.

A Trust is type of document that provides guidelines for how certain property or assets should be held or used for the benefit of the beneficiaries of that Trust.

Eisen Law advocates for both estate trustees and beneficiaries in estate and trust litigation of any type, including:

A special needs trust is a type of trust specifically designed for beneficiaries (of life insurance policies and wills) who are either mentally or physically disabled.