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Results tagged with trusts
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user 5760
An organisation set-up to manage funds perputally.
2
votes
Accepted
what happens to existing accounts with a new living trust
I would recommend against having two different trusts to hold the assets in two different banks. … Most living trusts are designed to make the will a relatively simple document, and to keep your testamentary instructions private. …
- 31.7k
4
votes
Accepted
How do I file IRS 1040 if I am Grantor, Primary Trustee and Living Beneficiary of Living Rev...
Revocable Trusts are ignored by the IRS, and you don't need to file any income tax returns for the trust; just for yourself with your SSN and including all the income generated in the trust -- interest …
- 31.7k
4
votes
What are my options if I don't have a relative who can be the executor of my will?
So when drafting wills and trusts, be sure to take all these matters into
consideration, and change beneficiaries on insurance policies, IRAs,
401k's etc only when you are fully sure what would be the …
- 31.7k
2
votes
Should I sell shares to buy a home so I avoid a mortgage?
I assume that this a question for a US taxpayer.
You do not avoid capital gains on the sale of assets such as stocks by
setting up a trust. If you are currently living in a house that you own
(poss …
- 31.7k
6
votes
Calculate a Fund
A mutual fund's return or yield has nothing to do with what you
receive from the mutual fund. The annual percentage
return is simply the percentage
increase (or decrease!) of the value of one share of …
- 31.7k
5
votes
Is property with a transfer-on-death deed on it part of "the estate"?
I strongly recommend that your parents not create a transfer-on-death deed without talking to a lawyer about the matter because there are financial and tax issues other than the size of the estate and …
- 31.7k