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A trust is a legal arrangement where one party, known as the trustee, holds and manages assets for the benefit of another party, called the beneficiary. The terms of the trust dictate how and when the assets can be used or distributed. Funds from a trust can typically be spent based on the guidelines set forth in the trust document, which may specify particular purposes, such as education or healthcare, or may provide broader discretion to the trustee. Ultimately, the trustee is responsible for ensuring that distributions align with the trust's objectives and legal requirements.
What else can I help you with?
Can the executor spend money from the trust to fix up the house that is in trust prior to the sale?
Not on your nellie!
Do trust funds run out of money?
Yes, trust funds can run out of money; they can also last indefinitely, depending upon how they are managed and how they are set up. Nobel Prizes are paid for by a trust fund set up by Alfred Nobel; there is no expectation that the fund will run out and that the prizes will cease to be awarded. But funds have to be invested, and investments can do well or badly. And even if the money in a trust fund was invested wisely, that money can still be spent. For example, trust funds are often used to safeguard money for the benefit of people who are not yet adults and who cannot be trusted to spend their money wisely while they are still minors. But once they become adults (or when they reach whatever age is specified by the terms of the trust fund) they then have access to that money and can spend it. And if they can spend it, they can use it up. Of course, you could also devise a fund that only pays the interest on the fund, and never pays out the principal. That kind of fund can potentially last a long time, but again, only if the investment decisions are wise.
What do farmers spend their money on?
Most farmers spend their money on achol or cattle, most of the time they spend it on hookers
Low interest rates on loans encourage people to?
spend more APEX :)
Why do wealthy people tend to spend a lot of money?
B/c they have a lot of money to spend.
Can the executor spend money from the trust to fix up the house that is in trust prior to the sale?
Not on your nellie!
How can you build trust with your spouse?
Act trustworthy. Do what you say you will. Be honest with your money, time and belongings. Spend time with them.
how much money do i spend?
How much money DO you spend?
Do trust funds run out of money?
Yes, trust funds can run out of money; they can also last indefinitely, depending upon how they are managed and how they are set up. Nobel Prizes are paid for by a trust fund set up by Alfred Nobel; there is no expectation that the fund will run out and that the prizes will cease to be awarded. But funds have to be invested, and investments can do well or badly. And even if the money in a trust fund was invested wisely, that money can still be spent. For example, trust funds are often used to safeguard money for the benefit of people who are not yet adults and who cannot be trusted to spend their money wisely while they are still minors. But once they become adults (or when they reach whatever age is specified by the terms of the trust fund) they then have access to that money and can spend it. And if they can spend it, they can use it up. Of course, you could also devise a fund that only pays the interest on the fund, and never pays out the principal. That kind of fund can potentially last a long time, but again, only if the investment decisions are wise.
When was Spend My Money created?
Spend My Money was created in 2008-10.
Can you spend jamaican money in the US?
No, you can only spend jamaican money in Jamaica
What do farmers spend their money on?
Most farmers spend their money on achol or cattle, most of the time they spend it on hookers
Is there any limit to how much the government can spend?
yes they only have as much money as they get to spend, they can't spend extra money.
Low interest rates on loans encourage people to?
spend more APEX :)
How much money do you spend on security equipment form her to the border?
How much spend money
What do Australians spend their money on the most?
Australians spend their money on sh*t all
Can you spend money that is written on?
yes , money is money
