0
To hold money in trust for someone, you can establish a formal trust agreement that outlines the terms and conditions under which the money will be managed and distributed. You may need to appoint a trustee, who can be an individual or an institution, to oversee the trust and ensure that the funds are used according to the trust's terms. Additionally, it's important to maintain accurate records and comply with any legal requirements associated with trust management. Consulting a legal professional can help ensure that the trust is set up correctly and meets all necessary regulations.
What else can I help you with?
What does it mean when someone always let you hold her purse?
that they trust you with their purse
Can you add to your estate money given to you in a trust?
Generally: Money given to you "In Trust" is not your personal property. It is not part of your individual estate. You would hold that money as a trustee for the benefit of others.
What are some reasons to hold someone hostage?
to get ransom money
Who are My Friends?
people who you know you can trust. someone who you hold dearly and someone who holds you dearly. someone who is wiling to help you in your time of need. someone who is really, extremely close to you
I sold a car to someone and they gave me money to hold the car and then a month later backed out of the deal do you have to return the money?
No, that money was for you to hold the car. If you hadn't held the car you could have sold it to someone else. So essentially they paid for the time.
How do you cope mentally with losing your job?
you find someone you trust to help you with money problems and look after you.
Why should you start a childrens trust fund?
Children's trust funds are a great idea for parents and grandparents to start because of government incentives. In Canada, if someone puts in money into their child's trust fund, the government will also put money in there as well, so the money keeps growing and growing over time.
What is the difference between trust and mistrust?
mistrust is you cant trust someone and trust is well you trust someone
Do I pay taxes if I set up a trust fund for someone?
You do pay taxes if you set up a trust fund for someone. Depending on the type of trust, the money can be sheltered in some tax free forms but in general the person receiving the trust fund will eventually pay taxes even on those types of shelters.
What does being dependable mean?
Being someones rock and strong hold just being there for them
What is mistrust?
when you dont trust someone you him
Where can someone find a savings plan for their money?
There are many places where someone can find a savings plan for their money. Example of some places include TD Canada Trust, CIBC, BMO, PC Financial and RBC.
