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What else can I help you with?
Can a trust fund be used to pay for the child's school fees?
You need to review the provisions of the trust to determine how the funds can be used. Generally, a trust set up for a child allows expenditures related to educational needs.
Will a child's trust fund be used to pay parents debts?
see The Coogan Act-1939
How can the word fund be used in a sentence?
We donated to the animal trust fund.
What does IOLA stand for?
IOLA stands for Interest on Lawyers' Trust Accounts. It is a program designed to generate interest income from client trust accounts, which is then used to fund legal services for low-income individuals and improve access to justice. The interest earned on these accounts is pooled and distributed to organizations that provide legal aid and support services.
What is mutual fund reconciliation?
Mutual fund reconciliation is a term used to describe people who are in charge of reconciling fund accounts. They handle a lot of the mutual fund operations.
What trust fund money can be used for?
It depends entirely on the terms of the trust. You should read the trust document (if there is one) or speak with the trustee.
What happens to the money between the time a worker pays into a trust fund and the time when he or she collects benefits from that fund?
The money in the trust fund is invested and some of the income is used to pay future benefits. As a result, the net value of the fund increases over time.
What is the penalty for trust fund recovery in Los Angeles California?
The cost for trust fund recovery will vary depending on the agencey used. The location ahs very little to do with the cost.
Which policies is used in estate planning to fund irrevocable trusts?
Some commonly used policies in estate planning to fund irrevocable trusts include life insurance policies, retirement accounts, and gifting strategies. These assets can be transferred into the irrevocable trust to provide financial security for beneficiaries and potentially reduce estate taxes.
What is a sentence for Fund?
I need a way to fund some future publishing.The charity fund is growing every day.
What is trust accounts for minors?
Trust accounts for minors are financial accounts established to hold and manage assets for a child until they reach a certain age, typically 18 or 21. These accounts are often set up by parents or guardians and can include funds from various sources, such as gifts, inheritances, or savings. The trust is managed by a trustee, who oversees the assets and ensures they are used for the minor's benefit, such as education or health expenses, while also providing a level of protection from mismanagement or premature access.
What is fiduciary fund?
A fiduciary fund is used to account for funds or assets that are held in trust by the government. These funds or assets are held for individuals or other entities.
