People who trust more are better at detecting lies, according to a University of Toronto study. Highly confident individuals are better at spotting lying interviewees, while less confident people are more likely to pick up on lies. A University of Massachusetts study found that 60% of people lie at least once during a 10-minute conversation, […]
Fiduciary management involves overseeing assets on behalf of multiple investors with transparency and accountability. Pension funds are early adopters due to lack of resources, and trustees must be replaced if they deviate from the pension’s direction. The model originated in the Netherlands and gained popularity in Europe and the UK. Fiduciary management is a financial […]
Private annuity funds help property owners defer capital gains taxes and depreciation recovery costs. The owner transfers ownership to a trust and receives annuity payments for life, while the proceeds from the sale are invested by the trustee. The owner is taxed only on the annuity payments received, making it a smart choice for retirement. […]
The term “brain trust” refers to a group of close advisers, originally used in politics. It was first coined in 1899 by an Ohio newspaper and later applied to FDR’s group of advisers during his presidential campaign. Other presidents, such as Wilson and Jackson, also had advisory groups, known as “The Inquiry” and “Kitchen Cabinet,” […]
A trustee holds money or assets in trust for the benefit of others. Trustee jobs can be found in banks, law firms, or non-profit organizations. Trustee duties vary based on the trust instrument. Trust administrator jobs require at least a two-year college degree. A trustee, or trustee, is any person or entity who holds money […]
A trust fund manager protects the financial goals of companies and individuals, managing assets and making decisions for the benefit of named beneficiaries. They may also be responsible for succession planning and ensuring financial obligations are met. A trust fund manager is responsible for protecting the financial goals of companies and individual clients. For wealthy […]
The Web refers to interconnected Internet sites and documents. Digital identity is verified by a trusted third party or the informal Web of Trust, which requires multiple signatories. WOT is also a Firefox add-on that helps users avoid online scams and offers a trust seal for trustworthy websites. The Web is a nickname for the […]
A 3G forum is an online community for discussing 3G wireless connectivity, hosted by manufacturers, review websites, or independent users. Each has pros and cons, including official updates, unofficial tips, and potential conflicts of interest. User-to-user advice is often the most valuable. A 3G forum is an online community dedicated to educating users about 3G […]
A tool is available to compare personal movie ratings with those of prolific film critics, helping to find reviews that match personal preferences. Users rate movies on a 1/2 to 4-star scale. mode) == ‘input’): // input model ?> initialReferrer)):?> These days, anyone can be a published film critic, but who are you supposed to […]
An irrevocable life insurance trust is a trust that holds a life insurance policy to prevent estate taxes. The trust is irrevocable, and the grantor cannot withdraw the policy. The trust becomes the beneficiary of the policy, and the grantor cannot change that designation. The grantor cannot borrow against the policy, and the trust holder […]
A National Asset Protection Trust (DAPT) is a self-managed spendthrift trust that protects assets from creditors. It differs from a typical trust as the creator, controller, and beneficiary are generally the same person. Some US states allow people to create DAPTs, but conflicting US laws may affect their effectiveness. The US Congress has established a […]
A revocable trust fund is an estate planning tool that allows assets to be set aside before death. The grantor can make changes at any time and appoints trustees to manage the assets. Taxes are still paid on the assets, and the trust becomes irrevocable upon death. It is more expensive than writing a will. […]
A trust protector oversees and protects a trust where properties are supervised by a trustee. They can fire and assume the position of a trustee, amend contracts, approve or deny beneficiaries, and decide how properties are distributed. Choosing a suitable protector is important, and family members are not recommended. Protecting trusts can prevent conflicts from […]
An express trust is a legal trust created intentionally by the owner of property to provide specific instructions for its use. It can be in the form of a written will, oral statement, or legal document. Examples include spendthrift, discretionary, charitable, and naked trusts. It is important to register an express trust as laws regarding […]
A Henson Trust is a type of trust used in Canadian law to protect the assets of a person with a disability so they can still receive government benefits. It is named after Leonard Henson, who created it to protect his daughter’s inheritance. The trustee has absolute discretion over the assets, which can provide tax […]
Estate planning often involves protecting assets from taxes, such as the federal estate tax in the US. A trust can help avoid inheritance taxes, and an AB trust allows spouses to combine exemptions and reduce tax liability. State-level inheritance taxes vary, but some can be paid through a will. When people begin the estate planning […]
A trustee deed in the US transfers title of a foreclosed property to the highest bidder or lender. Out-of-court foreclosure is allowed in some states, where a trust deed is given to a trustee as security for loan payment. The trustee is responsible for selling the property to settle the debt. Title is transferred via […]
An asset protection trust is a legal arrangement that protects trust assets from taxes, debtors, lawsuits, and bankruptcy. The trustee manages the assets for the benefit of the beneficiaries, and a spendthrift clause can limit their access. The trust can also protect assets from bad business, accidents, and divorce. An asset protection trust is a […]
A dynasty trust allows wealthy individuals to pass on their wealth to future generations without inheritance taxes. It is managed by a trustee chosen by the grantor and provides protection against creditors. While a law passed in 1986 limited the power of dynasty trusts, there is still an exemption allowing a limited amount of funds […]
A spousal trust is a legal arrangement where an entity holds a spouse’s assets and provides income and assets to the surviving spouse after their death. It can also provide for other parties, such as children. It can protect assets from remarriage and plan distribution in blended families. Specific requirements include all trust proceeds going […]
