Assume the same simple trust
as above, except there are expenses for investment advisory fees and custodial fees as well.
If a client in that situation is worried about their ex doing something funky with the money, set up a simple trust
to allow a third-party to make the call concerning disbursements.
Nature, nurture and gender effects in a simple trust
game (Discussion paper No.
Clients who don't have inordinately sizable estates may be seeking a simple trust
option to protect the assets they do have.
A simple trust
is required to distribute all of its current fiduciary accounting income (FAI) to its beneficiaries.
Ordinarily, a foreign partnership, Foreign simple trust
, or foreign grantor trust is looked through for chapter 3 and chapter 61 purposes.
Finally, it will be taxed as a simple trust
, which makes it much easier to file and report the trust's income.
1 shows a simple trust
network (a local trust relations network for a given node i [G.sub.LTrn] (i) is a sub-set of [G.sub.Trn] , where [G.sub.Trn](i)=<V',E ,W',I> , <V',E ,W',I> in [G.sub.Trn] (i) are subsets of V, E, W in [G.sub.Trn] separately.
It begins with simple trust
, for sure, but it seems to demand more than that.
At first glance these new vehicles may seem a good idea but, realistically, I have to question the value of these schemes over placing money on behalf of the child in a simple trust
Stash away some money in a simple trust
called a "bare" trust, which is held for the child's benefit.
However, there are good reasons for having a simple trust
arrangement, protecting assets against nursing home fees, the re-marriage of the surviving spouse or divorce, bankruptcy etc of children/grandchildren.