An organisation set-up to manage funds perputally.

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3
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3answers
136 views

Should I sell shares to buy a home so I avoid a mortgage? [closed]

I'll be retiring next year, and I want to be in my own home (aging-in-place). Should I sell stocks to buy it outright and thus avoid a mortgage as I move to a fixed income. But what about capital ...
0
votes
1answer
90 views

International Inheritance via Trust

My mother is an American citizen living in California - she has had dementia for many years and is legally incompetent to manage her money, but before she was ruled incompetent she put me on as a ...
2
votes
1answer
63 views

How does the FDIC know how much to insure trust accounts?

This page shows FDIC insurance on trust accounts is subject to the number of beneficiaries. Yet a bank will open a trust account given only the number of trustees, not the number of beneficiaries. ...
2
votes
2answers
149 views

Mortgage and/or unit trust

I will be purchasing a property soon, so my question is the following: Do I pay off my mortgage off as soon as possible (by paying more every month) or do I put the same amount extra into some unit ...
2
votes
1answer
75 views

What is a life establishment fund?

I was talking to someone regarding saving for college education. I mentioned that I was putting money into a 529 account but wasn't happy with this. My kids my not decide to go to college and ...
5
votes
1answer
90 views

What specific quality of life factors need to be addressed when creating a special needs trust?

We are in the process of creating a special needs trust for my daughter. One of the many things we need to think about are the quality of life factors as she gets older and of course as we get older. ...
0
votes
1answer
128 views

“Revocable Living Trust Agreement” without a lawyer?

As with the question on a will without an attorney, I'm wondering how well it would work to draw up a "Revocable Living Trust Agreement" without a lawyer. If it varies hugely by state, my specific ...
4
votes
3answers
302 views

What are my options if I don't have a relative who can be the executor of my will?

My wife and I have a new child and we're meeting with an attorney this week to draft a will. After doing some initial research, there are a few issues that make our situation a bit complicated: We ...
9
votes
1answer
258 views

When funding a trust does the gift tax exemption apply?

I'm researching setting up a bypass trust with my spouse. When I fund the trust, do the funds/property that I put into the trust count against the annual or lifetime gift tax (a.k.a. transfer tax) ...
10
votes
1answer
309 views

Should I set up a family trust?

I'm setting up a will in the near future and trying to decide if a trust is the right way to go. I'm in my thirties, married, and have two small children. Our assets consist of our home (mortgaged), ...
4
votes
2answers
448 views

When transferring shares to an adult from a irrevocable trust, what is the cost basis of those shares?

My grandparents set up an irrevocable trust account that has a few stocks in it. Now those shares are being transferred to me from the trust. Since those shares have value at some point, Uncle Sam ...
15
votes
3answers
2k views

What is a trust? What are the different types of trusts?

What is a trust? What are the different types of trusts? Are some better than others? What are the different roles involved in a trust?