Posted: 2/7/2012 3:16:31 PM EDT
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Just found out that there is one out there since 1968 for me.
The initial deposit was 10K in 1968. What does this all mean? I ask because I am calling the attorney soon and want to cover my bases with relevant questions beforehand so that I do not miss anything. |
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Quoted: Just found out that there is one out there since 1968 for me. The initial deposit was 10K in 1968. What does this all mean? I ask because I am calling the attorney soon and want to cover my bases with relevant questions beforehand so that I do not miss anything. The consultation will probably cost you 10K. |
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Just found out that there is one out there since 1968 for me. The initial deposit was 10K in 1968. What does this all mean? I ask because I am calling the attorney soon and want to cover my bases with relevant questions beforehand so that I do not miss anything. The consultation will probably cost you 10K. Thanks. 
Do trust accounts earn interest? |
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Quoted:
Just found out that there is one out there since 1968 for me. The initial deposit was 10K in 1968. What does this all mean? I ask because I am calling the attorney soon and want to cover my bases with relevant questions beforehand so that I do not miss anything. The consultation will probably cost you 10K. Thanks.
Do trust accounts earn interest? Something tells me that would depend on how it was all set up. |
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Quoted: It should be invested in something with growth potential.Quoted: Quoted: Just found out that there is one out there since 1968 for me. The initial deposit was 10K in 1968. What does this all mean? I ask because I am calling the attorney soon and want to cover my bases with relevant questions beforehand so that I do not miss anything. The consultation will probably cost you 10K. Thanks. Do trust accounts earn interest? My parents had separate trusts setup of their brokerage accounts. They were both split 5 ways between myself and my siblings when my father passed away. |
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It's pretty wide open, they're basically a legal creation with wide latitude for the creator to set the rules. They can be used to shelter assets intended for someone else and provide rules and guidelines for disbursement. They can also be used as a way to hold and distribute assets without the beneficiary having any control. One of the odder uses is for political figures who have investment portfolios they do not wish to liquidate. By placing those assets in a trust with someone else managing it the politician can avoid conflicts of interest.
The options and ways to use them are numerous and depend greatly on what the goal is and what is being placed in trust. An NFA trust is different from a trust fund designed to pay for a child's college, which is different from a trust fund setup by wealthy grandparents to benefit their grandchildren but keep the money out of the hands of greedy children. |
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Quoted:
It's pretty wide open, they're basically a legal creation with wide latitude for the creator to set the rules. They can be used to shelter assets intended for someone else and provide rules and guidelines for disbursement. They can also be used as a way to hold and distribute assets without the beneficiary having any control. One of the odder uses is for political figures who have investment portfolios they do not wish to liquidate. By placing those assets in a trust with someone else managing it the politician can avoid conflicts of interest. The options and ways to use them are numerous and depend greatly on what the goal is and what is being placed in trust. An NFA trust is different from a trust fund designed to pay for a child's college, which is different from a trust fund setup by wealthy grandparents to benefit their grandchildren but keep the money out of the hands of greedy children It was like the situation in bold... |
