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Yes and no. A generation skipping trust (GST) uses the gift/estate generation skipping tax exemption (1 M while alive another 1 M at death, or 2 M all at death, double for married couples.). To be a Dynasty trust, the trust should not have a defined ending point and should be established in a state which has eliminated the rule against perpetuities. This rule in many states prohibits the trust from lasting longer than 21 years after the death of the last of the original beneficiaries. Until a few years ago, South Dakota was the friendliest state, but several other states are now friendly as well. To make the trust really go on forever, which probably means until the government changes the laws and taxes it all the money away, the trust should restrict income to the current generation to provide principal to provide income to future generations. The principal must grow in real terms, as fast as the generations grow in size. For example, for a real net growth rate of 5.5 percent, a generation growth of 2.3 per generation, and an inter-generation period of 24 years, then about 36% can be paid to the current generation, and about 64% must be reserved for future generations.
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What is the difference between a trust and a monopoly?
A monopoly is a company that owns all parts of a business and a trust is different companies that meet to reduce competition and form prices within the same range.
How do you handle trust level?
Well, handling trust level depends on individual adroitness. A skilled professional can handle trust level in his individual capacity more efficiently than a novice or a new commer in a particular profession.Please bear in mind that it takes a lot of time and energy to build one's trust level upon his clients and to maintain the same is also a strenuous job.
What are the capital gains tax advantages to selling a primary residence held by a living trust if it is sold while the Trustee is still living?
The question is ambiguous, but generally, there is no particular advantage to capital gains for a trust v. an individual. It's still the same rate.
What is offer to bid pricing in unit trust?
In the very simplest of terms, the price at which units in a unit trust are bought (the offer price) is greater than the selling price (the bid price) and the difference is a combination of various charges. Hence, the value of the unit trust fund has to increase to cover this difference before the units can be sold without a loss. These prices (on an offer to bid basis) are the normal trading prices and use the maximum buying price. If there are a lot of sellers then the bid price may be reduced by the managers to a lower price to discourage sales (on a bid to offer basis). The lowest bid price is called the cancellation price and is dependent upon the value of the assets of the unit trust. Also, unit trusts do not all have the same difference between buying and selling prices.
What does asset maximization mean?
It is an investment strategy designed to maximize current lifetime after-tax income from an existing asset, while at the same time increasing the after-tax value of that asset to the next generation. It is a conservative strategy that enables a client to convert a low interest-producing asset into a guaranteed* lifetime income stream.
Rulers from the same family who pass the right to rule from one generation to the next are called a?
dynasty
Which term describes rulers from the same family who pass the right torule from one generation to the next?
A Dynasty.
Which term describes rulers from the same family who passed the right to rule from one generation to the next?
The term that describes rulers from the same family who pass the right to rule from one generation to the next is Dynasty
Which term best describes rulers from the same family who pass the right to rule from one generation to the next?
It is called 'Dynasty'
Which term describes rulers from the family who pass the right to rule from one generation to the next?
The term that describes rulers from the same family who pass the right to rule from one generation to the next is Dynasty
A line of rulers who belong to the same family and pass control from one generation to another is called .?
A dynastyA+
Which term describes rulers from the same family who pass the right to rue from one generation to the next?
The term that describes rulers from the same family that rule from one generatin to the next is dynasty
Does half an hour of skipping burn the same amount of calories as running?
No, skipping burns more calories than running. Ten minutes of skipping equals half an hour of jogging.However, an hour of skipping burns 1000 to 1300 calories.
Is a Chrysler dynasty and a dodge dynasty the same car?
yes
What series of rulers who belong to the same family is called a?
Dynasty
How were the governments of the Han Dynasty and the Qin dynasty the same?
They were both monarchs
A sequence of rulers descended from the same family is called?
dynasty
