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Can a trustee use the income from an irrevocable trust?
For personal use, only if they are the beneficiary. They are entitled to compensation for their work and to use funds for the benefit of the trust, but these are typically laid out in the trust itself.
What is the purpose of a business trust?
A business trust is a commercial business organization run by a trustee or group of trustees. Their main purpose is for the trust to manage or administer the business for the benefit of non trustees or beneficiaries who hold an equal interest in that business.
What does uwo mean in a trust?
U/W/O stands for "under the will of" F/B/O stands for "for the benefit of" Example of how a testamentary trust would be titled: Testamentary Trust fbo Sara L. Smith uwo Walter G. Jones This represents a testamentary trust established for Sara according to the will of and upon the death of Walter.
Do you think defined benefit plans are good?
There are good and bad points about them. Some of them are not in a decent financial shape and couldn't keep up with the promised benefits. The agencies that offer them are not all in good financial situation, too.
What is the first step in a cost-benefit analysis?
The first step in a cost-benefit analysis is to clearly define the project or decision being evaluated. This involves outlining the objectives, scope, and context of the analysis to ensure that all stakeholders have a shared understanding of what is being assessed. Once defined, the next steps typically involve identifying and quantifying the relevant costs and benefits associated with the project.
Is a 401k a defined benefit plan?
no
What is the main difference a defined benefit plan and a defined contribution plan?
A defined benefit plan provides a set amount of benefit to the employee at the time of retirement, and a defined contribution plan specifies the amount of money an employer contributes to a retirement fund for each individual employee.
What is the main difference between a defined benefit plan and a defined contribution plan?
A defined benefit plan provides a set amount of benefit to the employee at the time of retirement, and a defined contribution plan specifies the amount of money an employer contributes to a retirement fund for each individual employee.
What is the main difference between and defined benefit plan and a defined contribution plan?
A defined benefit plan provides a set amount of benefit to the employee at the time of retirement, and a defined contribution plan specifies the amount of money an employer contributes to a retirement fund for each individual employee.
What are the key differences between defined benefit plans and defined contribution plans in terms of retirement savings and benefits?
Defined benefit plans provide a guaranteed retirement income based on a formula, while defined contribution plans involve contributions from both the employer and employee that are invested for retirement. The key difference is that defined benefit plans offer a fixed benefit, while defined contribution plans depend on the performance of the investments.
What is the symbol for Blackrock Defined Opportunity Credit Trust in the NYSE?
The symbol for Blackrock Defined Opportunity Credit Trust in the NYSE is: BHL.
What is the symbol for Putnam Master Intermediate Income Trust in the NYSE?
The symbol for Putnam Master Intermediate Income Trust in the NYSE is: PIM.
In what year did Blackrock Defined Opportunity Credit Trust - BHL - have its IPO?
Blackrock Defined Opportunity Credit Trust (BHL)had its IPO in 2008.
In what year did Putnam Master Intermediate Income Trust - PIM - have its IPO?
Putnam Master Intermediate Income Trust (PIM)had its IPO in 1988.
Defined Benefit Plan?
Promises a specific monthly benefit as an exact dollar amount at retirement.
What is the difference between a defined contribution plan and a defined benefit plan?
A defined contribution plan is a retirement plan where the amount contributed is defined, but the eventual payout is not guaranteed. In contrast, a defined benefit plan guarantees a specific payout amount based on factors like salary and years of service.
What are the key differences between a defined contribution plan and a defined benefit plan?
A defined contribution plan is a retirement plan where the amount contributed is defined, but the eventual payout is not guaranteed. In contrast, a defined benefit plan guarantees a specific payout amount based on factors like salary and years of service.
