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A residual trust is known as the A-B trust. It its set up to handle someones estate and allow for part of it to be used for the spouse.

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What is residual loss?

Residual loss refers to the difference between the actual output of a model and the output predicted by the model after accounting for the expected performance. It represents the portion of the loss that remains after the model has learned the underlying patterns in the data. In a statistical context, it quantifies the variability in the response variable that cannot be explained by the predictors used in the model. Understanding residual loss helps in assessing the model's effectiveness and identifying areas for improvement.


Can a trustee sell assets in a irrevocable trust when the decease owns 99 percent of the property named in the trust?

You must review the terms of the trust to determine the powers of the trustee. If you still have questions then you need to consult an attorney who specializes in trust law.On one point you seem to be confused. A decedent cannot be the owner of 99% of the property in a trust. The property is owned by the trust. The most common purpose of a trust is to remove property out of a person's estate (the grantor) so that the property bypasses probate.Once a person transfers her property to a trust, it is managed by a trustee according to the terms of the trust. A properly drafted trust has provisions that direct the distribution of property after the death of the grantor.


What does a surviving spouse have to do to remove the other spouse from a trust?

You cannot be the surviving spouse of a trust. A trust is a legal arrangement set up to hold title to property. Any trust is managed by the provisions set forth in the document that created the trust. You need to review that document. If no one has a copy then you may need to get a court order to make changes.


In what year did Hersha Hospitality Trust - HT - have its IPO?

Hersha Hospitality Trust (HT)had its IPO in 1999.


Are certificates of Deposit part of the residuary estate?

They are a part of the estate. Whether they are residual or not will depend on whether the CDs have a beneficiary named on them or are specifically left to someone.

Related Questions

Are residual trusts revocable?

A revocable trust is revocable by its maker. A residual estate is the property left in an estate after specific bequests have been made. The residual estate may be transferred to a trust and that would be a testamentary trust. The maker of a testamentary trust is deceased and cannot revoke that trust. If this doesn't answer your question you must add more details on the discussion page.


What is a residual lake?

Lakes which are made by residual rocks which are left after weathering and erosion and form the residual lakes.


Can the trustee of a q tip trust dissolve the trust before the demise of the lifetime beneficiary without the consent of the residual beneficiaries in the state of New Jersey?

A trustee has only the powers that are provided in a trust instrument. Since a Q Tip Trust is created in a will by a testator who desires to preserve the trust property for his children, it is doubtful a testator would grant the power to dissolve the trust to the trustee. Therefore, if the will did not specifically grant that power to the trustee the answer to your question is no.


What is a residual haunting?

A residual haunting is a playback of a past event.


Who does Residual income of a firm belongs to?

The residual income of the firm belongs to


What is the functional residual capacity FRC composed of?

Functional Residual Capacity (FRC) = Expiratory Reserve Volume (ERV) + Residual Volume (RV)


The residual income of the firm belongs to?

residual income belongs to the common stockholders.


The air remaining in the lung after a maximal expiration is the?

residual volume


What is the Risk remaining after controls have been identified and selected?

It is residual risk


Give an example of a residual mountain found in Africa?

residual mountains in africa


Why is it important that they look after the residual powers?

Residual power can build up and overcome.


Why is functional residual capacity measured and why is it important?

Funtional Residual Capacity amounts