The Use and Misuse of Ascertainable Standards in Trusts
- Tax on Minor Beneficiaries--Budget Tax Announcement. Owens, Jeff // Chartered Accountants Journal;Jul2000, Vol. 79 Issue 6, p50
Focuses on the taxation of minor beneficiaries in New Zealand. Proposal to tax distributions of trust beneficiary income to minors; Impact of marginal tax rates; Exclusions to taxation of minors; Overtaxing and undertaxing of income; Application of tax to trustees.
- Tom Baigrie: Tackling the trust issue. Baigrie, Tom // Money Marketing (Online Edition);5/29/2015, p1
The article provides the author's view on issues related to financial management in Great Britain, particularly about trusts and estate planning. He discusses the goals of putting a policy in trust such as increasing the speed of payment as well as ensuring the money will go to the right people...
- Trustees of pre-need funeral trusts can now elect simplified taxation of trust earnings. Segal, Mark; Bird, Bruce M.; McCraw, J. Harrison // CPA Journal;Nov98, Vol. 68 Issue 11, p66
States that the Taxpayer Relief Act of 1997 in the United States allows the trustee of a pre-need funeral trust, to the extent the trust would otherwise be treated as a grantor trust, to elect special tax treatment. Overview on pre-need funeral trust arrangements under Revenue Ruling 87-127;...
- SMSF trustees - corporate or individuals. Westover, Liz // Charter;Jun2012, Vol. 83 Issue 5, p54
The article offers information on the trustee structures of the self-managed superannuating funds (SMSFs) in Australia. It is mentioned that two common types of trustee structures used at SMSFs are corporate trustee and individual trustee structures. Also, the individual trustee structure is...
- GUIDANCE FROM THE TAX COMMISSIONER. // Money Management;4/7/2005, Vol. 19 Issue 11, p31
Presents taxation guidelines with regards to superannuation funds in Australia. Minimum years in which trustees should keep records; Importance of keeping records outlining investment decisions; Recording of transactions and financial position of the fund.
- Who Will Get Your Wealth: Your Kids or the IRS? NAMETH, LOUISE; GUNN, EILEEN P. // Fortune;3/17/1997, Vol. 135 Issue 5, p195
Discusses trusts as a way to provide tax saving for one's heirs. The biggest tax benefits from irrevocable trusts; Various scenarios for setting up trusts in the United States; Setting up a A and B trusts known as marital and bypass trusts; Qualified personal residence trust; Handling stock...
- In this world, nothing is certain but death and taxes. Fitch, Malcolm; Goodman, Beverly // Money;Jul98, Vol. 27 Issue 7, p124
Discusses strategies for avoiding or reducing estate taxes. The importance of having guidance from a trusted estate-planning attorney; Credit-shelter trusts; Generation-skipping trusts; Family limited partnerships. INSET: Tax shelters for big-ticket items.
- Strife begins at fortieths. Wickenden, Tony // Money Marketing;6/8/2006, p52
The article examines the impact of discretionary trust on the many life policy or trust combinations in use in Great Britain. The author reviews the operations of exit charge before and after the 10-year anniversary. The appropriation fraction is calculated as one-fortieth for each complete...
- Not all SMSF trustees equal. Taylor, Mike // Money Management;10/6/2011, Vol. 25 Issue 38, p13
The article focuses on a submission by the Association of Superannuation Funds of Australia (ASFA) to the Australian Taxation Office (ATO), which reveals that not all self managed superannuation fund (SMSF) trustees are equal.