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Q: What is the record retention requirements for rabbi trust?
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What is trust and retention account?

Trust & retantion account opend by bank to maintain track of payment made for the purpose of project.


Is there a way to make a rabbi trust qualified so employer captures the expense of funding and the recipient is not currently taxed?

Rabbi TrustAn irrevocable trust that functions as a type of retirement plan or deferred compensation arrangement that offers a limited amount of security to the deferring employee.


Who do you go to refuge when you have nobody to go to?

Go to a counselor or minister, rabbi, or priest, any one you can trust.


Is a dishonorable discharge public record?

Trust me, it is not public record.


Are distributions from a Rabbi Trust taxable?

Yes the distributions from a Rabbi Trust are clearly taxable. The trust is funded with pretax dollars and investment returns compound tax-deferred until distributed, generally at the time of an employee's retirement or termination. This is much like a 401K or other qualified plan. A rabbi trust is not a qualified plan, assets held in the trust are not current assets of the employee/beneficiary and are subject to loss or forfeiture if the employer becomes insolvent/bankrupt, in which case those assets are subject to the claims of the employers general creditors. This is the key difference as compared to qualified plans such as a 401K. The benefit is tax deferral, not tax avoidance. The risk is employer bankruptcy before payout.


What is the cost to take the mortgage out of a trust?

You should consult with the attorney who drafted the trust. You may be able to draft and record an assignment of the mortgage for a nominal fee.You should consult with the attorney who drafted the trust. You may be able to draft and record an assignment of the mortgage for a nominal fee.You should consult with the attorney who drafted the trust. You may be able to draft and record an assignment of the mortgage for a nominal fee.You should consult with the attorney who drafted the trust. You may be able to draft and record an assignment of the mortgage for a nominal fee.


How do you get a trust fund that was left in an account and only you can redeem the funds when you reached 18 years of age but was lost and have no records of the trust fund being in the account?

If you have a trust fund, some record of it exists somewhere. I do not believe that every record was lost. Find the record. If, however, there is absolutely no record remaining anywhere, then there is no way to prove that you own this money and you will never be able to obtain it.


Should you trust receiving your driving record through email?

not unless if you know and trust the person very well


Does a trust have to be written?

To be valid a trust must be in writing and meet certain statutory requirements. A trust that holds title to real estate generally must conform to the requirements of the laws of the state where the land is located regardless of where the trust originated. That means that if you live in California and draft a California trust that will hold title to land in Massachusetts, the trust must conform to Massachusetts law. A "constructive trust" can be imposed by a court to prevent unjust enrichment or to redress a wrong.


The grantor in the establishment of a revocable trust lived in a different state than today does this affect the validity of the trust?

That depends on where the property in the trust is located and the state laws under which the trust was drafted. For example, A trust drafted in California would also need to meet the requirements of Massachusetts trust law if it held real property located in Massachusetts. The trust would need to meet those requirements (of Massachusetts) in order for the deed out from the trust to be valid. Trusts that are acceptable in some states are not acceptable in others. There are many instances where trusts from other states have been used to hold title to Massachusetts property. If the trust doesn't meet Massachusetts trust requirements the trust fails, the trustee may hold the property as an individual or the property may remain in the estate of the "trustor". In cases where the trust fails and the "trustor" died, the estate must be probated. Trusts are not to be taken lightly. An improperly drafted trust can reate a costly legal quagmire.


to sign off as admininstrator of a large trust fund who should be present?

Check with the principles of the institution where the trust resides. There are probably house rules that meet or exceed the requirements of the state.


Where trusts are registered?

Trusts are typically registered in the country or state where the trust is created or where the trustee resides. Registration requirements can vary depending on the jurisdiction and the type of trust. Some jurisdictions may require trusts to be registered with a government agency, while others may not have formal registration requirements.