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Results tagged with trusts
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user 35177
An organisation set-up to manage funds perputally.
5
votes
irrevocable Trust - Who Pays The Taxes
First, I am assuming that this is not a defective trust. That is, it counts as a trust for both income tax purposes and estate tax purposes. I am also assuming that you are in the United States.
The …
- 2,022
2
votes
Custodian account vs trust for child?
Typically trusts invest in stocks and bonds. They can also borrow money.
I do not think (but I am not sure) that a custodian account can invest in real estate. However, it could invest in a REIT. …
- 2,022
2
votes
Inheritance tax on a trust (usa)
The term disregarding entity means that, for legal purposes it does not exist.
Since your mother-in-law's trust is revocable, for tax purposes the money held in the trust will be considered her assets …
- 2,022