4 votes

Private foundation for personal use

To establish a private foundation requires the following : Establish its purpose and its guidelines for making grants. Decide whether to structure it as a charitable trust or a non-profit ...
not-nick's user avatar
  • 6,410
3 votes

How is "The People's Trust" not just another Investment Trust?

According to what little information is available currently, this fund is most akin to an actively managed exchange traded fund rather than an investment trust. An investment trust is an actively ...
not-nick's user avatar
  • 6,410
2 votes

Do investors have any copyrights on the application they invest on?

An investor has what the contract gives them. The kind of rights you're thinking of would almost certainly not be included.
keshlam's user avatar
  • 45.1k
2 votes
Accepted

How is "The People's Trust" not just another Investment Trust?

Well the People's Trust's IPO prospectus is now (2017-09-08) available for all to read (or there's a smaller "information leaflet"). (May need some disclaimers to be clicked to get access). Both ...
timday's user avatar
  • 3,937
2 votes

Did the tax laws regarding trusts significantly change?

Rev. Rul. 2023-2 addresses intentionally defective grantor trusts (IDGTs), which are irrevocable trusts that are the grantor's for income tax purposes but not for estate tax purposes. The issue pre-...
Stan H's user avatar
  • 7,066
1 vote

Did the tax laws regarding trusts significantly change?

To the best of my knowledge there was no change in laws. The RR clarifies the current laws. Transfer to an irrevocable trust is a gift and is covered by the gift tax, and as such should be exempt from ...
littleadv's user avatar
  • 172k
1 vote
Accepted

Which institutions will hold a real estate "trust deed"?

The neutral and independent third-party is usually a title company or attorney, https://www.bankrate.com/mortgages/deed-of-trust/.
chistack's user avatar
1 vote

Can an ETF structured as a UIT be "restructured" to "new style ETF", whatever this is?

SPY has about $300 Billion in assets under management (AUM) and thousands of investors. Those investors are not going to be forced to "cash out" when the fund "expires" in 98 years....
D Stanley's user avatar
  • 133k
1 vote
Accepted

Is Fidelity an IRS approved custodian?

There are two questions here: Does X meet the IRS requirments, and Does X accept employee designated SIMPLE IRA accounts. The first questions is easy: According to the IRS - Establishing a SIMPLE ...
mhoran_psprep's user avatar

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