A charitable lead annuity trust is defined as a way to gift a donation to charity over time, with the remainder of the trust eventually being given to the grantor’s heirs. A donor transfers an asset into a trust, which is set to exist for a certain amount of time. During that time, the trust […]

A charitable lead annuity trust is defined as a way to gift a donation to charity over time, with the remainder of the trust eventually being given to the grantor’s heirs. A donor transfers an asset into a trust, which is set to exist for a certain amount of time. During that time, the trust […]

A charitable lead annuity trust forms a separate entity (an irrevocable trust) that retains assets from a grantor. These assets then pay out income to a charity until the term has extinguished. Once the term extinguishes, the assets are passed to a beneficiary. Since this is an irrevocable trust, it will require a separate Trust […]

A charitable lead annuity trust forms a separate entity (an irrevocable trust) that retains assets from a grantor. These assets then pay out income to a charity until the term has extinguished. Once the term extinguishes, the assets are passed to a beneficiary. Since this is an irrevocable trust, it will require a separate Trust […]

A receivership is when an individual is appointed to take control of a trust or a company’s assets for some period of time. The individual in question is responsible for managing the funds in a way that benefits the company, while still doing what is needed in terms of meeting their obligations and debts. A […]

A receivership is when an individual is appointed to take control of a trust or a company’s assets for some period of time. The individual in question is responsible for managing the funds in a way that benefits the company, while still doing what is needed in terms of meeting their obligations and debts. A […]

A revocable trust, often known as a living trust, is a trust account that can be changed by the grantor. Living trusts are often created by grantors for the benefit of their children, while they are still alive. Once the grantor passes on, a living trust generally becomes an irrevocable trust, as the grantor can […]

A revocable trust, often known as a living trust, is a trust account that can be changed by the grantor. Living trusts are often created by grantors for the benefit of their children, while they are still alive. Once the grantor passes on, a living trust generally becomes an irrevocable trust, as the grantor can […]

Any irrevocable trust, by its very nature, needs a Trust Tax ID (EIN) Number to perform its basic functions. An irrevocable trust is a trust that the grantor no longer directly controls. Since the grantor cannot make changes to the irrevocable trust, they also are no longer responsible for the filing of taxes or paying […]

Any irrevocable trust, by its very nature, needs a Trust Tax ID (EIN) Number to perform its basic functions. An irrevocable trust is a trust that the grantor no longer directly controls. Since the grantor cannot make changes to the irrevocable trust, they also are no longer responsible for the filing of taxes or paying […]

The definition of a “charitable lead unitrust” is a special type of financial vehicle that makes it possible for someone to give money to charity while still retaining their assets. An asset is placed within a trust which is managed by a trustee. The profits derived from the asset is given to charity for a […]

The definition of a “charitable lead unitrust” is a special type of financial vehicle that makes it possible for someone to give money to charity while still retaining their assets. An asset is placed within a trust which is managed by a trustee. The profits derived from the asset is given to charity for a […]

An irrevocable trust is a type of trust that cannot be altered by the grantor without the permission of the beneficiary. A grantor may put assets in an irrevocable trust for a beneficiary to benefit from, or a revocable trust may become an irrevocable trust upon a grantor’s death. Another advantage is that an irrevocable […]

An irrevocable trust is a type of trust that cannot be altered by the grantor without the permission of the beneficiary. A grantor may put assets in an irrevocable trust for a beneficiary to benefit from, or a revocable trust may become an irrevocable trust upon a grantor’s death. Another advantage is that an irrevocable […]

A sports teams community is a type of organization that is considered a non-profit and thus fall under tax-exempt status with the IRS. Does this type of organization also need an employer identification number, though? The answer is a resounding yes. Having an employer identification number as a sports teams community organization is important and […]

A sports teams community is a type of organization that is considered a non-profit and thus fall under tax-exempt status with the IRS. Does this type of organization also need an employer identification number, though? The answer is a resounding yes. Having an employer identification number as a sports teams community organization is important and […]

A parent-teacher association or parent-teacher organization (PTA or PTO) are different types of school organizations that all come together for a purpose and that is to try and help the schools, students and the communities they support. All of the individuals working for the PTA or PTO will be considered volunteers; and while they have […]

A parent-teacher association or parent-teacher organization (PTA or PTO) are different types of school organizations that all come together for a purpose and that is to try and help the schools, students and the communities they support. All of the individuals working for the PTA or PTO will be considered volunteers; and while they have […]