Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [trusts]

An organisation set-up to manage funds perputally.

An organisation set-up to manage funds perputally.

119 questions
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3 answers

What is a trust? What are the different types of trusts?

What is a trust? What are the different types of trusts? Are some better than others? What are the different roles involved in a trust?
Nat_Rea
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Special Needs Trust and Financial Planning

update: I may not have explained it clearly in my post below but I don't believe the intent is to close out the 401k or fund the life ins. policy using it. I will clarify with the consultant what the 401k proposal involves. update 2: confirmed the…
Rich J
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Should I set up a family trust?

I'm setting up a will in the near future and trying to decide if a trust is the right way to go. I'm in my thirties, married, and have two small children. Our assets consist of our home (mortgaged), 401(k)'s, IRA's, some mutual funds, and shares…
Matt Solnit
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When funding a trust does the gift tax exemption apply?

I'm researching setting up a bypass trust with my spouse. When I fund the trust, do the funds/property that I put into the trust count against the annual or lifetime gift tax (a.k.a. transfer tax) exemption amounts?
Spig
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9
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4 answers

Can I buy a stock without owning it?

I'm a young guy from Turkey and want to buy 10k worth of stocks without owning them. I want to give my 10 year old sister a fortune in 20 years when she exchanges the stocks, so she can have a fearless adult life, unlike me. Buying something without…
vozt
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Can I put my rental in a trust and have the trust sell it?

I probably am not the first to think of this and the IRS most likely has this covered but if one wanted to put their rental into a trust and then have the trust sell it, would they save on taxes since they no longer own the rental? The rental in…
user44874
8
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1 answer

Capital gains when a spouse passes away

I live in California. My husband and I had a trust and when he passed away in October 2017 his half of our condo went into an exemption trust for his two children from a previous marriage. We bought at $150,000.00 and it is currently worth…
Sarah Gatien
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What specific quality of life factors need to be addressed when creating a special needs trust?

We are in the process of creating a special needs trust for my daughter. One of the many things we need to think about are the quality of life factors as she gets older and of course as we get older. This factors into how much to contribute to the…
Richard Fantozzi
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7
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1 answer

Starting a trust fund in an EU country

I'm in a sudden and unfortunate need of starting a trust fund (money being the only asset) in an EU country (I'm afraid I need to rule out UK as an option) for a minor (not a relative of mine) that would receive it upon reaching a certain state of…
tmt
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1 answer

How to cash US savings bonds as a successor trustee?

I have paper series-I bonds that are made out as follows, actual names omitted: "husband" and "wife" CO-TR UDT DTDT "date and name of trust" If both the husband and wife have passed away, what is the procedure for the successor trustee (listed as…
piton
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Protecting assets against addictions

How would you pass or gift assets to a person with a gambling addiction? I suppose a drug addiction would be easier to deal with, since in this case the addicted person won't be able to blow it all in a couple of weeks. I would like to put assets in…
John Schmitt
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2 answers

Savings Account for Newborn--529? Trust?

A close family member is about to have a baby, and several family members are looking for a way to allow gifts to contribute to the child's eventual education. The twist is: if the child decides (for whatever reason) that they don't want to go to…
Phil Sandler
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At what point is the contents of a trust considered to be the property of the beneficiary?

My grandmother passed away several years ago, and left a generous trust fund to her 5 grand children. We can access our share of the money when either of the following two conditions are met: We turn 25 We get married Currently, all of my siblings…
sharur
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What are my options if I don't have a relative who can be the executor of my will?

My wife and I have a new child and we're meeting with an attorney this week to draft a will. After doing some initial research, there are a few issues that make our situation a bit complicated: We don't have any family members that we can trust to…
Finch
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Is there a need for a Living Trust in my situation?

I was thinking of having a Living Trust drawn up for the benefit of my wife should I pass away so that she would have access to all of our assets without going through probate. It occurred to me that she already has full access to virtually all of…
Barney Cowell
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