What Is The Purpose Of A Blind Trust?

What Is The Purpose Of A Blind Trust? Blind trusts create a layer of separation between the grantor’s assets and professional or political activities that helps to eliminate real or perceived conflicts of interest and accusations of wrongdoing. Individuals who receive a windfall can also use them to maintain financial privacy. Who controls a blind

Do Accumulation And Maintenance Trusts Still Exist?

Do Accumulation And Maintenance Trusts Still Exist? Today, A&M Trusts are governed by Pt. III, Ch. III IHTA, and therefore receive exactly the same tax treatment as other types of discretionary trusts. As a result, the use of A&M trusts is declining rapidly. How long do trusts last Australia? The general rule is that you

Are Assets In An Irrevocable Trust Protected From Creditors?

Are Assets In An Irrevocable Trust Protected From Creditors? Are assets in an irrevocable trust protected from creditors? One type of trust that will protect your assets from your creditors is called an irrevocable trust. Once you establish an irrevocable trust, you no longer legally own the assets you used to fund it and can

Can An Irrevocable Trust Pay For Grantors Health Care?

Can An Irrevocable Trust Pay For Grantors Health Care? The trust can pay for any amount of medical costs, as long as the trust pays the expenses directly to the medical provider or institution. Just remember that the terms of the trust are irrevocable regardless of how much you transfer into the trust’s name. What

What Does It Mean To Restate Articles Of Incorporation?

What Does It Mean To Restate Articles Of Incorporation? What does it mean to restate articles of incorporation? Corporations that, in separate filings, have amended sections of the original Articles of Incorporation, can use the Restated Articles of Incorporation (Form DC-4) to restate the entire articles of incorporation so that there is only one document