You could name a guardian for the money, but a trust allows you to spell out how the money should be spent and at what age and under what conditions your child should gain control of any remaining cash.
CeWe Color, a family-owned photographic and digital-imaging firm, went public in 1993, but a family trust hung on to 27% of the shares and the right to appoint executives.
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The term refers not to a single variety of trust but to a set of characteristics that can be incorporated into various types of trusts.
We understand that the beautiful 60-inch Sony SXRD might drive someone to the insanity of posting about HD even hundreds of times a month, but trust us, this is a road you don't want to go down.
Michael also had a trust, along with his will, but interestingly, the trust was dated a few months before the will.
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Engineers can copy and re-engineer a product in a blink of an eye, but customer trust can give a vendor unmatched staying power.
Conservatives like to complain that the trust fund is nothing but a set of IOUs, but the problem is that the trust fund is full of real securities that are subject to the debt limit.
There are ways to help people categorize others in terms of what they trust them about you might indicate someone as a peer in your company versus a friend working at a competitor but at a base level, trust is an instinct.
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For this purpose, it is not necessary to use some exotic trust structure or obscure jurisdiction, but a well-drafted irrevocable grantor trust should usually suffice.
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But setting up a living trust isn't free or painless, either.
Although new laws in some states allow trust modifications for shifting circumstances, experts say taxpayers shouldn't push these limits because they could wind up with a trust but without a current tax break.
So, simple things that even aren't necessarily to do with the current tax administration, the fear that taxes are going to go up, but having a revocable living trust, for example, to hold your assets to protect you from probate.
We have a chance to not only shine a light on a bad Washington habit that wastes billions of taxpayer dollars, but take a step towards restoring public trust.
Also, there can be an installment sale (when the value of the asset is low) to a defective grantor trust that is a completed transfer but not taxed for income tax purposes.
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So this was not just a chair order but it was selling trust and confidence so that my client did not lose sleep getting to a desired outcome.
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It is a trust I value, but -- as it is dependent on the good graces of Facebook -- it is a trust I can live up to only by unfriending this particularly anti-social social network.
Another alternative is to simply transfer discounted minority stakes in the company to a trust over time, but in order to keep that stock out of your estate the trust must be independent, which raises the question of control.
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But a spokesman for the National Trust said warning signs were in place.
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But trust is still a problem, and there are some former fighters whom Allen will go after no matter what, he says.
The biggest obstacle to buying books online in China is not price, as in America, but a lack of availability and trust.
Three ideas were consulted on but the NHS trust said a plan to build a new facility in Slough was too expensive.
R. headache to deal with but also a serious loss of trust in the marketplace (BP shares have tumbled to almost half their value since April 21), an internal battle to restore employee confidence and all the fallout of the spill for those along the Gulf of Mexico.
Part of Ickworth, in Suffolk, the family seat and one of the grand houses of England, had gone to pay death taxes (and is now a tourist attraction run by the National Trust), but the marquess retained a 60-room wing.
The report said a number of factors caused the problem, but payment by results played a part as the trust misjudged the effect of the changes on its income and workload.
Attorney Craig Wruck, now with Minneapolis-based U.S. Bank, recalls pitching a then obscure--but legal--lead trust to an alum when he worked at a university.
For example, Nour is a Moroccan entrepreneur with an interesting but ambitious plan for creating a social network based on trust between users.
But this reflects a fundamental lack of trust in the citizenry, which is a feature of dictatorship, not the hallmark of democracy.
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