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Trusts
Essay # 12943
Trusts
Definition, use in sheltering assets from estate taxes & probate, types, beneficiaries, distributable net income, trust language & intent.
1,575 words (approx. 6.3 pages) |
6 sources |
1997
From the Paper:
"IntroductionTrusts are one way in which assets can be sheltered from estate taxes and in which the probate process (associated with wills) can also be avoided. In recent years, Americans have begun to use trusts and trust funds in increasing numbers, and many Americans now have Living Trusts which make it possible to pass on assets and proceeds from assets to heirs without paying estate taxes or having the estate go through a lengthy and sometimes costly probate. The use of trusts does not eliminate taxes altogether, however, and it is important to understand how the taxable income of a trust (the distributable net income) affects the trust and beneficiaries. This research examines the use of trusts and some of the issues surrounding distributable net income."
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APA Citation:
Trusts (2012, January 15). Retrieved February 11, 2012, from http://www.academon.com/Essay-Trusts/12943
MLA Citation:
"Trusts" 15 January 2012. Web. 11 Feb. 2012. <http://www.academon.com/Essay-Trusts/12943>
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