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What are individual trusts?
Individual trusts act in several capacities including executor, administrator, trustee, guardian, conservator, custodian, and conservator in lunacy
What are the different types of trust accounts available for managing assets and funds?
The different types of trust accounts available for managing assets and funds include revocable trusts, irrevocable trusts, living trusts, testamentary trusts, and special needs trusts. Each type has specific features and benefits depending on the individual's needs and goals.
What often happened to monopolies and trusts during the progressive era?
coruption
Why are corporate trusts often established?
to act as a trustee under a mortgage securing an issue of bonds, as a financial or fiscal agent of a municipal or private corporation, as a transfer agent and registrar, as a depositary for protective and reorganization committees, and as an escrow agent
What did William Taft and Theodore Roosevelt both pursue while in office?
established land conservation areas(: Breaking up trusts
Why did some people support trusts?
Some people supported trusts because they believed that trusts could lead to greater efficiency in industries, lower costs for consumers, and increased economic growth. They saw trusts as a way to centralize control and streamline operations in a competitive marketplace. Additionally, trusts were often backed by wealthy and powerful individuals who could influence government policy in their favor.
Why Constructive trusts are often called involuntary trust because the parties involved do not have to?
participate
What concerns did critics of big businesses have regarding trusts?
The concerns critics have on big business regarding trusts is that to earn more money trusts often tried to get rid of competition and to control production. The wealth and size of trusts such as standard oil made many Americans fear the influence of business leaders over government.
Does an irrevocable trust have to end?
Trust law is a complicated topic and the laws vary in different jurisdictions and for different types of trust arrangements. Generally, with the exception of charitable trusts all individual trusts must have a dated when the trust will terminate. Trusts should always be drafted by a professional who specializes in trust law in your jurisdiction.
What did most progressives want to break up and regulate large companies?
trusts~apex
Why are trusts usually established?
established to provide for the education of children and provision for old age. Once the trust is created, it is irrevocable, even by the trustor himself, unless there is express provision for revocation or the purposes of the trust have been accomplished
Can an irrevocable trust be changed by the trustor?
In general, irrevocable trusts cannot be changed by the trustor once they are established. These trusts are designed to be permanent and the trust assets are no longer considered part of the trustor's estate. However, some irrevocable trusts may include provisions that allow for certain changes to be made under specific circumstances.
