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Web-of-trust
Answer Explanation: The web-of-trust model is very simple, and is most often associated with Pretty Good Privacy (PGP). This model operates without a central authority. Individuals create and sign certificates for people who are known and trusted. The decision of whether to trust another individual is left with the user.
What else can I help you with?
What is a Complex Non-Grantor Irrevocable Discretionary Trust?
In my experience, this would be considered, in layman's terms, a trust in which the grantor, when alive, created a discretionary trust, then the gantor died. Now, the trust is in the hands of the trustee appointed by the grantor, which makes it irrevocable. When the grantor was alive, it was revocable. Now, the complex part usually means that in any given tax period, the trust had distrubutions of principle of some sort. I hope this helps.
What is a Complex Non Grantor Irrevocable Discretionary Trust?
In my experience, this would be considered, in layman's terms, a trust in which the grantor, when alive, created a discretionary trust, then the gantor died. Now, the trust is in the hands of the trustee appointed by the grantor, which makes it irrevocable. When the grantor was alive, it was revocable. Now, the complex part usually means that in any given tax period, the trust had distrubutions of principle of some sort. I hope this helps.
Difference between complex trust with 100 exemption and 300 exemption?
There is one main difference between exemptions in a trust. According to the IRS, a 100 exemption on a trust is a simple and personal trust, a 300 exemption is a complex trust, usually for a charitable organization.
What if your company requires a trust model that does NOT rely on a central Certificate Authority to establish a certificate's authenticity Which trust model should you implement?
web of trust
What is considered bankruptcy exempt property If you are a trustee of a realty trust is that property considered your asset?
There is a difference between something that is your asset and something that is not. Exemptions only apply to assets.Whether the realty trust is your asset depends on the trust instrument and your state law. In most cases, if the property was yours and you put it into a realty trust, and you are the trustee and the beneficiary of the trust, there is no legal trust, merely the form of a trust.If it is a true trust, then the question becomes, are you a/the beneficiary and what is your share of the value of the trust? That is an asset.If it is a true trust but it is a revocable trust so that you get the trust property on revocation, that will probably be an asset to you also.This is a complex area of law, and you really need to have an experienced trust/bankruptcy lawyer look everything over.
Difference between complex 100 and complex 300 irrevocable Trusts?
A Complex 100 Trust does not have a requirement to distribute income. Distribution of corpus is allowed if a distribution is made. Exemption amount is $100. A Complex 300 Trust is required to distribute current income. Distribution of corupus is allowed. Exemption amount is $300
What tax forms need to be filed for an irrevocable trust?
Form 1041 is U.S. Income Tax Return for Estates and Trusts. Trusts are required to file Form 1041 when (1) its income is at least $600, or (2) it has a nonresident alien as a beneficiary. But a trust classified as a grantor trust isn't required to file Form 1041 if the individual grantor reports all the grantor trust incomes/allowable expenses on his own Form 1040. For tax purposes, an irrevocable trust is treated as a simple, complex, or grantor trust according to the powers listed in establishing the trust.
Which of the following industries provided the model in trust organization?
oil
What are the disadvantages of a business trust?
One of the disadvantages of a trust is that its structure is quite complex. Another disadvantage is that it can be very expensive to establish and maintain.
What do you do with trust points on Answers.com?
Be considered as a good person for being a member for a long time or it will never get you trust!
Can a irrevocable trust become revocable if the only trust document is a will?
Trust law is one of the most complex areas of law. It depends on the instrument that creates the trust. You need to discuss this question with an attorney who specializes in trust law. Generally a trust set forth in a will is revocable by the testator during her life and irrevocable after her death.
Which of these contributed least to the creation of a railway system in the United states?
trust
