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Can trust invest in mutual funds?
Whether or not a trust can invest in mutual funds depends on the type of trust and the provisions in the trust document that discuss trustee powers.
Where could one set up trust funds?
You can set up trust funds with an attorney, who will organize everything. You have to pay them a fee, then meet and arrange conditions of the trust. Then the money is handed over to them to look after.
Are the funds in your irrevocable trust funds safe from the financial crisis?
It depends on where the funds are invested. Banks have FDIC insurance up to certain levels. Otherwise, stocks, mutual funds and so on depend on the market value. You will always have the number of shares you started with. Wait it out and the value will come back--selling at a low price may be shortsighted. However, it is always your choice.
Should a Trustee for a family trust be paid?
Yes. There is a lot of work involved in being a trustee. The trustee needs to keep an account of all the money coming into the trust and all the money going out. The trustee must be extremely careful to not co-mingle their own funds with the funds of the trust or pay any of their own bills with trust funds. The account books for the trust should be made available to the trustor and the beneficiaries of the trust.
If money from a trust fund has been spent would you still be able to locate the trust if so how do you go about collecting funds from said trust or can you?
You would need to review the document that created the trust to find the identity of the trustee and then contact the trustee. You can collect funds from the trust only if the trust document names you as a beneficiary.
What is the plural of trust funds?
Trust Funds, is the plural of trust fund. "Trust funds" is already plural.
What is the meaning of 'trust' when referring to mutual funds?
Trust is entity that owns the mutual funds.
If funds need to be used that are in a trust how do you get the funds out?
Funds that are held in trust are under the complete control of the trustee. The provisions of the trust dictate how the trustee will manage those funds. You need to review the terms of the trust with the trustee and determine how and if the funds can be accessed. If the terms of the trust are insufficient or there is no provision under which the trust property can be accessed then a court of equity has the power to modify the trust. You may need to seek the advice of an attorney who is familiar with trust law in your state.
Can trust invest in mutual funds?
Whether or not a trust can invest in mutual funds depends on the type of trust and the provisions in the trust document that discuss trustee powers.
What are the HIRA trusts that receive funds under the Certificate of Need laws?
Which trust receive such funds? Drgnlibra0940 Which trust receive such funds? Drgnlibra0940
If there are no funds in a trust just property how are the debts paid?
If there are no funds with which to pay the debts of the trust then the property must be sold in order to pay them.
Are Fiduciary trust funds checks guaranteed?
No.
Where could one set up trust funds?
You can set up trust funds with an attorney, who will organize everything. You have to pay them a fee, then meet and arrange conditions of the trust. Then the money is handed over to them to look after.
Are the funds in your irrevocable trust funds safe from the financial crisis?
It depends on where the funds are invested. Banks have FDIC insurance up to certain levels. Otherwise, stocks, mutual funds and so on depend on the market value. You will always have the number of shares you started with. Wait it out and the value will come back--selling at a low price may be shortsighted. However, it is always your choice.
Should a Trustee for a family trust be paid?
Yes. There is a lot of work involved in being a trustee. The trustee needs to keep an account of all the money coming into the trust and all the money going out. The trustee must be extremely careful to not co-mingle their own funds with the funds of the trust or pay any of their own bills with trust funds. The account books for the trust should be made available to the trustor and the beneficiaries of the trust.
If money from a trust fund has been spent would you still be able to locate the trust if so how do you go about collecting funds from said trust or can you?
You would need to review the document that created the trust to find the identity of the trustee and then contact the trustee. You can collect funds from the trust only if the trust document names you as a beneficiary.
What are intragovernmental holdings?
Intragovernmental Holdings are Government Account Series (GAS) securities held by government trust funds, revolving funds and special funds; plus Federal Financing Bank securities. The Intragovernmental Holdings are primarily composed of the Medicare Trust Fund and Social Security Trust Fund.
