The trust agreement should describe the trust name, trust property, appointment of trustee, appointment of trust protector, power over trust property, when beneficiaries may appoint a successor trust protector, fees and expenses due to the trust protector, the purpose of the trust and the management and distribution of the trust during the grantor’s lifetime. By requiring such detail, IIOTs leave little room for doubt and are nearly impossible to break as long as the trustor was in his or her right mind at the time of the trusts creation.
Irrevocable Income-Only Trust - IIOT
外汇网2021-06-19 14:16:00
134
A type of living trust often used for Medicaid planning. It protects assets from being sold to pay for nursing home and other long-term care expenses, so that the assets can be passed on to beneficiaries. Once assets are transferred into the trust, certain restrictions are placed on their use. However, the grantor retains the right to any income generated by the trust assets. The grantor also has the right to use, live in and sell any real estate held in the trust, as well as buy another property with the proceeds of any sale.
标签：
随机快审展示
推荐文章
- 黑马在线:均线实战利器 8753 阅读
- 短线交易技术:外汇短线博弈精讲 4080 阅读
- MACD震荡指标入门与技巧 4211 阅读
- 黄金操盘高手实战交易技巧 4564 阅读
- 做精一张图 3315 阅读
热门文章
- 港币符号与美元符号的区别是什么啊？ 25130 阅读
- 我国各大银行汇率为什么不一样啊？ 15269 阅读
- 越南盾对人民币怎么算的？越南盾对人民币汇率换算方法是什么 10332 阅读
- 百利好环球欺诈，不给出金，无法联系。 9844 阅读
- 黑马在线:均线实战利器 8753 阅读