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What establishments are included in SIC 6091 Nondeposit Trust Facilities?
Wiki User
∙ 13y ago
primarily trust companies engaged in fiduciary business, but not regularly engaged in deposit banking. Some of these establishments occasionally hold limited amounts of special types of deposits
Wiki User
∙ 13y ago
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Does a trust created prior to marriage automatically get distributed to spouse not included in trust?
Generally, no. In fact, a properly drafted trust protects the assets of the trustor from their spouse. That type of arrangement is often used when a person has valuable assets, children from a first marriage and a new spouse. A trust removes the assets from their individual estate thereby circumventing inheritance laws.
Can a trustee sell assets in a irrevocable trust when the decease owns 99 percent of the property named in the trust?
You must review the terms of the trust to determine the powers of the trustee. If you still have questions then you need to consult an attorney who specializes in trust law.On one point you seem to be confused. A decedent cannot be the owner of 99% of the property in a trust. The property is owned by the trust. The most common purpose of a trust is to remove property out of a person's estate (the grantor) so that the property bypasses probate.Once a person transfers her property to a trust, it is managed by a trustee according to the terms of the trust. A properly drafted trust has provisions that direct the distribution of property after the death of the grantor.
What is a residual trust?
A residual trust is known as the A-B trust. It its set up to handle someones estate and allow for part of it to be used for the spouse.
What does a surviving spouse have to do to remove the other spouse from a trust?
You cannot be the surviving spouse of a trust. A trust is a legal arrangement set up to hold title to property. Any trust is managed by the provisions set forth in the document that created the trust. You need to review that document. If no one has a copy then you may need to get a court order to make changes.
In what year did Hersha Hospitality Trust - HT - have its IPO?
Hersha Hospitality Trust (HT)had its IPO in 1999.
What fields of endeavor are represented in Nondeposit Trust Facilities?
Financial professionals play a key role, just as their supporting functions have played a role in the development of these new financial services. In addition to these, lawyers are heavily represented
What are some of the better known nondeposit trust facilities in the U.S.?
Amalga Trust Company Inc., which had 1997 assets of $6.1 billion; First of America Trust Co., with 1998 assets of $14.4 billion; Imperial Trust Co., with 1997 assets of $9.3 billion; and Mercantile Trust Company N.A., with 1997 assets of $28.7 billion
Can a Trust file its own taxes or must the income be included in the Trustees taxes?
The trust files its own tax return.
What is listed in a decedent's estate when he already had an irrevocable trust?
Any property owned by the decedent in his individual capacity would be included in his estate. Any property that was transferred to a trust during life would not be included in the estate.
Royal Bank of Scotland main functions?
Royal Bank of Scotland was established in the year 1727 in Scotland, Europe. It is headquartered in Edinburgh Scotland and is one of the retail banking subsidiaries of the Royal Bank of Scotland Group Pls. it provides banking facilities throughout the British Isles and has around 700+ branches in Scotland & in England and Wales.The facilities they provide to customers are:checking accountssavings accountscredit cardsloansetc.
Is married spouse entitled to any part of estate that is in a trust if she was not included?
If the trust was properly drafted it should not be vulnerable to claims of non-beneficiaries. If the spouse wants to challenge the trust it would be up to a court to decide.
How many pages does The Brand Trust Report have?
The Brand Trust Report typically contains around 200-300 pages, depending on the specific edition and the data included.
Is there income tax on money received from a trust?
Yes, this is included in the IRC's very broad definition of "income".
Does a Will supersede a previous Trust?
Wills and trusts act indepently of each other. Whatever property is in the trust will pass according to the terms of the trust. The will only controls those items of property which were individually owned by the decedent at the time of their death. Trust property would not be included in the estate.
A sentence beginning with the word confidentiality?
Confidentiality is paramount when handling sensitive information to ensure privacy and trust are maintained between individuals or parties involved.
How does a real estate trust work?
An investor(s) who wants to acquire real property for income or investment purposes arranges for the drafting of a realty trust by an attorney who specializes in real estate and trust law. The property is then conveyed by deed to the trustee of the trust who then manages the property according to the provisions in the trust. The trust protects the property from the creditors of the individuals who created the trust and from their heirs at law. Property in a trust is not included in a decedent's estate.
How do you know someone gave you a trust point on WikiAnswers?
When you register on WikiAnswers you submit your email. When you receive a trust point, you also receive an email stating that you have received a trust point. The username or IP address who gave you the trust point will not be included however. You can also look on your profile page and see the trust point count.
