What is a trust like?

Answers

Answer 1

Answer:

Explanation:

Trust is an entity first. They are able to possess assets just like businesses or persons. Every trust has a custodian (the person the trust is meant to benefit; this functions similarly to an owner but is not an owner) and a beneficiary (the person who controls the trust). Every year, they normally give the beneficiary a portion of the assets. Usually, this ranges from 2 to 5 percent.

There are, in my opinion, two advantages:

Assets are shielded from taxes passed down through generations. You can name yourself, your children, or anybody else as the beneficiary of your assets if you place them in a trust. Let's look at the first scenario. If you are the beneficiary, you may get 3% of the trust's entire worth each year. You might specify in the trust document that your children would be the next beneficiaries after you. Although they will profit from the trust (and the money! ), there won't be any taxes due because it's not an inheritance.They protect the assets from both you and creditors. The trust will be safeguarded if you are sued. I have observed the widespread usage of "asset protection trusts" in states like Delaware that have strict asset protection regulations. Nobody can pursue the trust if you are ever sued. You might also place the money in a trust with him as the beneficiary if you have a child you wish to support but are concerned that giving them a large sum of money all at once would cause more harm than good. He will receive advantages in the range of 2 to 5 percent annually, but he is unable to immediately spend the entire amount on fast vehicles and faster women.

The main issue I've observed with trusts is avaricious attorneys convincing unwary clients to act as custodians. It is OK to have a dependable attorney serve as your custodian, but there is no justification for paying that person more than 1% annually (which many will request). The trust's assets should typically be managed by a financial advisor, who will also handle day-to-day administration and payouts. Do not pay someone extra to serve as a do-nothing custodian in order to siphon some cash off the top each year.


Related Questions

How did the end of the French and Indian War lead to deteriorating relationships between Britain and its American colonies

Answers

The war enabled the British to be more involved in colonies political & economic affairs which is something the colonists were strongly against, they wanted to be their own people.

Adolf Hitler was able to rise to power because he:
gave the German people a scapegoat for their problems.
provided hope to people who were unemployed and hopeless.
promised Germany a return to prosperity and glory.
O All of these choices are correct.

Answers

Explanation:

D. All of these choices are correct

Answer: All of these answers are correct.

Explanation: He used the Jews as a scapegoat. He told everyone he will return Germany to prosperity and glory. They all believed him. He gave homeless people jobs in military factories.

Which of the following is an example of a service industry job in an urban center?
a farmer
a bank clerk
a factory worker
a railroad worker

Answers

Answer:

a bank clerk is an example

Answer:

A bank clerk is an example of a service industry job an urban center.

Match the following events to the communication methods used to spread the news globally.

Answers

Arab spring-Social media; Fall of the Berlin Wall-Fax machine; and launch a Tel star 1- Telecommunication satellites.

What is communication?

Transferring a message, idea, or concept from one person to another is referred to as communication.

Social media and the Arab Spring: Social media significantly contributed to the communication and engagement among political protesters.

Fall of the Berlin Wall-Fax machine: The incident happened in 1989. At that time, the fax machine was at the height of its use.

Launch a Tel star 1- Telecommunication satellites: It was introduced in 1962 and offered the first transatlantic live television transmission.

Hence, the significance of the communication is aforementioned.

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How were the rights of citizens determined in the Russian government?

Answers

Answer:

reigning monarch

Explanation:

What was the role of the National Park Service?

Answers

The National Park Service Plays the role

of managing National Park, Monuments,

historical and other natural properties.

match the concepts to the respective description
1. people have the right to choose their leader
2. government covers a specific territory
3. leaders can only do what legal documents specifies

A. government units
B. limited government
C. representative government
HELP

Answers

Answer:

1: C

2: A

3: B

Explanation:

1: A representative government is when citizens vote to elect people that represent their interests.

2: There are 5 types of government units. They are county, municipal, township, special district and school district governments. They all cover a specific territory.

3: A limited government is when the laws limit the power of the government.

Which of the following issues was the subject of a muckraker’s investigation?

A the business practices of the railroads

B Rockefeller’s Standard Oil monopoly

C vote stealing and political machines

D All of these choices are correct.

Answers

Options A-D was the subject of a muckraker’s investigation. This is further explained below.

What is a muckraker’s investigation?

Generally, During the Progressive Era (1890–1920), investigative reporters and writers were known as "muckrakers." These individuals wrote about social issues such as corruption and injustice in an effort to bring about improvements in society.

In conclusion,  the business practices of the railroads, Rockefeller’s Standard Oil monopoly, and others were the subject of a muckraker’s investigation.

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During the industrial age, what were the hardships immigrants faced that caused them to leave their home countries?
Choose four answers.
O famine
O rising taxes
O job shortages
O crop failure
O contaminated water

Answers

Answer:

famine

Explanation:

because they were experiencing the dry season and needed to settle somewhere else

Famine were the hardships immigrants faced that caused them to leave their home countries. Hence, option A is correct.

What is Famine?

Conflict, forced migration, persistent poverty, food insecurity, natural catastrophes, and climate change are just a few of the many variables that can contribute to famine.

The most serious form of hunger crises is a famine. Even while it doesn't happen often, when it does, it signals a severe food crisis where many children and adults are regularly starving to death.

The most recent occurred in 1741-2 and was "caused by an exceptional short-term weather anomaly of at least three-years' duration" that impacted much of northwest Europe and led to an even worse famine in Ireland.

Thus, option A is correct.

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How did the location of west berlin impact east germany's decision to build the berlin wall?

Answers

Answer:

they pretty much just erected an extensive barrier along most of the 850-mile border between East and West Germany.

Also, keep in mind that West berlin was a small western area completely surrounded by soviet satellite states.

Explanation:

It was just to keep them out because the east didn't like the west.

Does this answer your question?

NEED HELP WITH 4 and 5 !!! for brainlest answer !

Answers

For
The answers I pretty much thing it’s a on 4 and 5 is d

Which founding father signed both the declaration of independence and the u. S. Constitution? john adams.

Answers

Answer:

George Clymer

Explanation:

George Clymer (1739-1813).
He had a great talent at financial talent and he signed both the declaration of independence and and the Constitution!

How did philosopher John Locke's ideas about natural rights influence Patriot leaders?


Confirmed loyalty to the King of England

Inspired the writing of the Declaration of Independence

Inspired the Proclamation of Rebellion

Showed them how to attract more supporters

Answers

The ideas of philosopher John Locke influenced patriotic leaders and inspired the writing of the US Declaration of Independence.

What is John Locke's philosophy?

For the Enlightenment thinker and main thinker of liberalism, all men have legitimate natural rights that are the right to life, liberty, equality and property.

Therefore, Locke's ideas influenced the writing of the US Declaration of Independence, which would guarantee freedom and the achievement of rights to American citizens.

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what is immigration policy

Answers

An immigration policy is any state policy that addresses the movement of people over its boundaries into the nation, particularly those who plan to work and remain there. Immigration laws can allow for any sort of migration, including free immigration, or they might allow for none at all.

Which ONE of the following powers does NOT fall under the federal
system of government?
Select one:
O a. State powers
O b. National powers
O c. Concurrent powers
O d. Congressional powers

Answers

The ONE that does not fall under the powers of the federal system of government is option D. Congressional powers. Read below about the federal system of government.

What is a federal system of government?

A federal system of government is a system of government whereby power is shared between the central government and its component units or states. The type of powers between the central government and its components are: exclusive (central government), residual (state) and concurrent powers (shared between the central and States).

Therefore, the correct answer is option D. Congressional powers. Congressional powers is only peculiar to a parliamentary system of government.

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The National powers does not fall under the federal system of government.

What is a federal system of government?

This is a system that divides the government powers  between the national (federal) government and state and local governments.

Hence, the power falls to the  State powers, Concurrent powers and  Congressional powers.

Therefore, the Option B is correct.

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In 1453, the ottoman turks captured........
please be fast 20 point​

Answers

Answer:

the ottoman turks captured the Fall of Constantinople.

the Ottomans breached Constantinople's ancient land wall after besieging the city for 55 days.

Explanation:

In 1453, the Ottoman Turks captured Constantinople.

Constantinople was the capital of the Byzantine Empire. When the Ottoman Army conquered the city, they were significantly larger than the defending army and the siege ended after 53 days. The city was then made the capital of the Ottoman Empire.

(1453 is a year you'll probably want to memorize for your history class!)

What are the three Vs of big data?
volume
validity
variety
velocity
vitality

Answers

Volume, Velocity, & Variety

The Slavs a. became Roman Catholic, with the exception of the Russians, Turks and Magyars. b. briefly occupied northern Italy. c. converted to Islam after the First Crusade. d. were divided into two religious groups, with most southern and eastern Slavs becoming Orthodox and most northern and western Slavs becoming Roman Catholic. e. divided into seven specific groups during the Middle Ages.

Answers

The Slavs were divided into two religious' groups, with most southern and eastern Slavs becoming Orthodox and most northern and western Slavs becoming Roman Catholic.

What is the Slavic Europe's history?

The most notable successor of the Byzantine Empire under Justinian is Slavic Europe as it is today. The Bulgarian khan Boris converted to organized Christianity in the year 865. Beginning with this, the Orthodox sphere of Christian civilization emerged and currently rules the Slav peoples east of the Balkan Range.

How did the Ukrainian Slavs convert to Catholicism?

The Slavs in eastern Ukraine were forced to convert to Catholicism under Louis the Pious and his son, Louis the German, in the ninth century because the Holy Roman emperors saw religion and politics as being intertwined.

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Which three statements describe the direct effects of the Embargo Act of 1807?

Answers

The effect of the Embargo Act of 1807 was:

Merchants and farmers lost their jobs. The prices of goods fell.Some Americans began smuggling goods.What was the Embargo Act of 1807?

The U.S. Congress in December 1807 with the aid of the Embargo Act, Legislation that closed U.S. ports to all exports and confined imports from Britain.

This act was Pres. Thomas Jefferson's reaction to British and French interference with impartial U.S. service provider ships at some point in the Napoleonic Wars.

The complete question is given below:

Which three statements describe the direct effects of the Embargo Act of 1807?

Congress voted to declare war on Britain and France.

Merchants and farmers lost their jobs.

Thomas Jefferson lost the presidential election in 1808.

The prices of goods fell.

Some Americans began smuggling goods.

Thus, The correct statements are:

Merchants and farmers lost their jobs. The prices of goods fell.Some Americans began smuggling goods.

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Great Britain punishes
the colonists with new
taxes.
American colonists
protest and resist British
policies.
Great Britain sends
more troops to the
colonies.
?
O Great Britain sends the Olive Branch Petition to the colonies.
Great Britain shuts down colonial governments.
Great Britain forces colonies to join the Continental Congress.
Great Britain organizes the Committees of Correspondence

Answers

Answer:

Great Britain shuts down colonial governments

Explanation:

Which government agency is responsible for protecting the nation’s transportation systems to ensure freedom of movement for passengers and commerce?

Answers

Answer:

Transportation Security Administration

Explanation:

Answer:

The Transportation Security Administration (TSA)

Explanation:

The Transportation Security Administration (TSA) was created in the wake of 9/11 to strengthen the security of the nation's transportation systems while ensuring the freedom of movement for people and commerce.

1. Choose three gods and goddess from the list. What are their names? Describe the depiction of each god or goddess that you chose. What is each known for?​

Answers

Answer: Shu, Geb, and Seth.

Explanation: Shu was the god or air and was the son of Atum, he had a feather on his head and a hieroglyph in his hand, Geb was the god of the earth and son of Shu and Tefnut, Geb had nothing other than a simple robe that covered his bottom, Seth was the the son of Nut and Geb and the god of the desert, he has a animal like head and a staff.

Another way to read history is to look for cusses and effects an you read What cause and effect relationship

Answers

The cause and effect relationship suggested in this paragraph is the rise and popularity of radio caused a new approach to advertising. Thus the correct answer is B.

What is advertising?

Advertising is a tool of communication to create awareness about goods and services and promotes them in the market. This is referred to as the cheapest and quickest way of promotion.

The given passage it reflects that radio become popular due to widespread use in listening to music , concerts, and event-related news. This shows that it has a wide reach to the audience.

Therefore, optyion B's popularity of radio caused a new approach to advertising is appropriate to answer.

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What impact have both Christianity and Judaism had on world history

Answers

Answer:

Explanation:

A. Both religions spread through cultural diffusion and have become the two religions most practiced today.

B. Both religions contributed to the ideas of communism and theocracy, which form the foundation of most governments used today.

C. Both religions developed a set of values based on the Ten Commandments, which have become the basis for many laws.

D. Both religions highly valued female priests and influenced laws allowing women to vote.

How do the quotation from Mary Tsukamoto, the photos, and the excerpt from Executive Order 9066 contrast with traditional American democratic principles?
PLEASE HELP ASAP, Will mark brainiest and give 20 points

Answers

Mary Tsukamoto quotation gave a contrasting view about the Executive Order 9066 on the Japanese Americans.

Who is Mary Tsukamoto?

She was an author that took the initiative to follow her beliefs and was famous for expressing her opinion on the Executive Order 9066 delivered by Franklin Roosevelt for the Japanese internment.

Because she was Japanese American civil rights activist, she conducted series of interviews and expresses her opinion on the decision taken by Franklin Roosevelt.

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Answer:

The quotation, the photos, and the executive order all illustrate how democratic principles of freedom were limited during World War II for Japanese American Citizens. They were forced to live in internment camps against their will and work in fields without being asked if they wanted to. The executive order gave a lot of power to the military without providing any checks on it.

Explanation:

Prepare for a Debate
Now you will imagine that you are going to debate whether the late 1960s were the end of the Civil Rights Movement or merely a turning point for it. First, you will plan your arguments using a chart to understand both sides of the issue. Then you will write out opening statements and argument notes that you could use in a debate on the topic.
Part B
Prepare opening statements and argument notes for your side of the debate that clearly states your stand and arguments that show how you plan to support your viewpoint.

Answers

My stand in the given debate is that the late 1960s were merely a turning point for the Civil Rights Movement.

What is the Civil Rights Movement?

This refers to the period in American history that saw the struggle and protests for black equality and an end to segregation and institutionalized racism.

Hence, we can see that even though at the end of the 1960s, there was a decline in the Civil Rights Movement, there was also continued segregation, Vietnam War protests, etc, this set the stage for a renewed push that led to the equality that the American law recognizes today.

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A map of the United States is shown with groups of states colored according to their Federal Court Circuit. The 11th circuit contains the states AL, GA, and FL. The abbreviations FL and GA are circled. The 10th circuit contains the states CO, KS, NM, OK, UT, and WY. The abbreviation CO is circled. The 9th circuit includes the states AK, AZ, CA, NV, OR, WA, ID, and MT. The states NV, CA, and WA are circled. The 8th circuit includes ND, MN, SD, NE, IA, MO, and AR. MO and MN are circled. The 7th circuit includes WI, IL, and IN with IL circled. The 6th district includes MI, OH, KY, and TN, with OH circled. The 5th circuit includes TX, LA, and MS with TX and LA circled. The 4th circuit includes SC, NC, VA, WV, DC, and MD with DC and VA circled. The 3rd circuit includes PA, DE, and NJ with PA circled. The 2nd circuit contains NY, VT, and CT, with NY circled. The 1st circuit includes RI, MA, ME, and NH with MA circled. © 2011 Map Resources Elisa is an engineer in Kansas (KS). She invented a new method for making extra hard lenses for glasses. She owns a U.S. patent to legally protect her invention. She wants to sue Eye-Eye Glasses for using her method without her permission. Where will her lawsuit most likely take place? (1 point) In a federal appeals court in Kansas (KS) In a federal district court in Kansas (KS) In a federal appeals court in Colorado (CO) In a federal district court in Colorado (CO)

Answers

Based on Elisa's location in Kansas, the lawsuit against Eye-Eye would take place In a federal district court in Kansas (KS).

Where would Elisa's case be heard?

As this is the first case and no appeal has been made, Elisa will be able to sue Eye-Eye in her resident state of Kansas and in a federal district court which would have original jurisdiction.

If there is a need for an appeal after the case, the federal appeals court in Colorado would then hear the case for the 10th Circuit.

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How was the first President Of India​

Answers

Answer:

Rajendra Prasad

Explanation:

Answer:

Rajendra Prasad was the first president of India

During the berlin crisis, both the united states and the soviet union feared that the other side would.

Answers

Answer:

Try to take control of berlin

why did they physically have to write the mayflower agreement

Answers

It was important to physically sign the May flower agreement because the Mayflower Compact was the first document to establish self-government in the New World.

What was the May Flower Agreement

    The May Flower agreement which was initially known as the Agreement Between the Settlers of New Plymouth, was the first governing document of Plymouth Colony.

It remained active until 1691 when Plymouth Colony became part of Massachusetts Bay Colony.

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