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The treatment of a brokerage account based IRA as a trust for tax purposes is largely a legal fiction. If Article 8 is set aside and the brokerage account is considered purely under principles of common law , there is a possibility of construing the collection of brokerage accounts in the intermediated custodial holding chain as a collection of ...
The post Trust Fund vs. Will for Estate Planning appeared first on SmartReads by SmartAsset. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 ...
In trust law, a trust instrument (also sometimes called a deed of trust, where executed by way of deed) is an instrument in writing executed by a settlor used to constitute a trust. Trust instruments are generally only used in relation to an inter vivos trust ; testamentary trusts are usually created under a will .
In California, for example, it is a misdemeanor for the management of a business entity to willfully fail to remit trust-fund taxes such as any withholding from an employee's wages made pursuant to a state or local law, and if the amount of tax due exceeds $500 the class of crime becomes a felony (see California Labor Code Section 227).
The post How to Keep Money in the Family With an Inheritance Trus The term might come across as complex but in essence, inheritance trusts involve safeguarding assets while managing their ...
A trust fund refers to a fund made up of assets, such as stocks, cash, real estate, mutual bonds, paintings or antiques, or even a business, that are distributed after a death. Setting Up a Trust Fund
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