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The record retention requirements for a rabbi trust typically involve maintaining documentation for the life of the trust plus a specified period after its termination, often around six years. Key documents include the trust agreement, financial statements, and records of contributions and distributions. It's essential to consult specific IRS guidelines and legal standards, as requirements can vary based on jurisdiction and the nature of the trust. Proper retention ensures compliance and facilitates audits or inquiries.

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2mo ago

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What is trust and retention account?

Trust & retantion account opend by bank to maintain track of payment made for the purpose of project.


Where is a trust filed?

A trust is typically filed in the county where the grantor resides or where the trust's assets are located. This is usually done by submitting the trust document to the local probate court or recorder's office for record-keeping and verification. It's important to consult with a legal professional for guidance on the specific filing requirements in your jurisdiction.


Is there a way to make a rabbi trust qualified so employer captures the expense of funding and the recipient is not currently taxed?

Rabbi TrustAn irrevocable trust that functions as a type of retirement plan or deferred compensation arrangement that offers a limited amount of security to the deferring employee.


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Go to a counselor or minister, rabbi, or priest, any one you can trust.


Are distributions from a Rabbi Trust taxable?

Well, honey, let me lay it out for you - distributions from a Rabbi Trust are indeed taxable. Just because it's a fancy trust named after a religious leader doesn't mean the IRS is gonna let you off the hook. Uncle Sam always wants his cut, no matter what kind of trust you're dealing with.


Is a dishonorable discharge public record?

Trust me, it is not public record.


Is a living trust public record?

No, a living trust is not a public record. It is a private document that does not need to be filed with the court or made available to the public.


How do you get a trust fund that was left in an account and only you can redeem the funds when you reached 18 years of age but was lost and have no records of the trust fund being in the account?

If you have a trust fund, some record of it exists somewhere. I do not believe that every record was lost. Find the record. If, however, there is absolutely no record remaining anywhere, then there is no way to prove that you own this money and you will never be able to obtain it.


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You should consult with the attorney who drafted the trust. You may be able to draft and record an assignment of the mortgage for a nominal fee.You should consult with the attorney who drafted the trust. You may be able to draft and record an assignment of the mortgage for a nominal fee.You should consult with the attorney who drafted the trust. You may be able to draft and record an assignment of the mortgage for a nominal fee.You should consult with the attorney who drafted the trust. You may be able to draft and record an assignment of the mortgage for a nominal fee.


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not unless if you know and trust the person very well


How to properly name a trust?

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To file a trust as an estate under sec. 645, the trust must meet certain requirements such as having a valid election by the trustee and beneficiaries. The procedures involve submitting the necessary forms and documents to the IRS. To ensure the process maintains the necessary level of trust, it is important to follow all guidelines and requirements set forth by the IRS and seek professional advice if needed.