what are the different types of family trusts?
222976
['Fixed trusts.', 'Unit trusts.', 'Discretionary trusts.', 'Bare trusts.', 'Hybrid trusts.', 'Testamentary trusts.', 'Charitable trusts.', 'Superannuation trusts.']
1358699
There are two types of secret trust — fully secret and half-secret. A fully secret trust is one with no mention in the will whatsoever. In the case of a half-secret trust, the face of the will names the trustee as trustee, but does not give the trust's terms, including the beneficiary.
740082
['an interest in possession trust.', 'an accumulation trust.', 'a discretionary trust.']
1143493
['sole trader.', 'partnership.', 'private limited company (ltd)', 'public limited company (plc)', 'multinational.', 'franchise.']
497506
['Last will and testament, including any codicils. This must be a signed, original version. ... ', 'Revocable living trust documents, including any amendments. ... ', 'Death certificates. ... ', 'Life insurance policies.', 'Beneficiary designations. ... ', 'Prenuptial or postnuptial agreements.', 'Loan agreements.', 'Lease agreements.']
199880
['Authorised deposit-taking institutions.', 'General Insurance.', 'Life insurance companies and friendly societies.', 'Private health insurance.', 'Superannuation institutions.', 'Non-operating holding companies.', 'Registered financial corporations.', 'Enforceable undertakings.']
637390
['Creating the Trust Agreement. The grantor creates a trust agreement, which is a legal document that designates the grantor, the trustee, and the beneficiaries, and outlines how the trust assets are to be managed and distributed. ... ', 'Funding the Trust.']
360714
['Sole Proprietorships.', 'Partnerships.', 'Corporations.', 'S-Corporations.', 'Limited Liability Company (LLC)']
855725
[' The Family Investor. ... ', ' The Relationship Investor. ... ', ' The Idea Investor. ... ', ' The Once Removed Investor. ... ', ' The "Archangel" Investor.']
847350
['LV= - Flexible Protection Plan.', 'Scottish Widows - Protect Personal.', 'Nationwide Building Society - Multi Protection.', 'Legal & General - Level or Decreasing Term Assurance.', "Sainsbury's Bank - Level Term Assurance.", 'Barclays - Mortgage Protection Plan.', 'Nationwide - Multi Protection.']
855041
There are two main types of RESP – and which one you choose often depends on your relationship to the beneficiary: An Individual RESP can be opened by anyone for anyone. A Family RESP can be opened by parents or grandparents of the children and can be withdrawn in the name of any beneficiary named to the plan.
854901
['Conventional mortgages.', 'Jumbo mortgages.', 'Government-insured mortgages.', 'Fixed-rate mortgages.', 'Adjustable-rate mortgages.']
523487
['Common Stock. Common stock shares may be categorized by classes. ... ', 'Preferred Stock. Preferred stock shares have characteristics in common with corporate bonds. ... ', 'Municipal Bonds. ... ', 'Corporate Bonds. ... ', 'Government Bonds.']
1474433
['Parents.', "Spouse/partner and children (with their spouses'/partners' names also noted in brackets, if applicable)", 'Adopted children.', 'Stepchildren.', 'Siblings.', 'Half and step siblings.']
837907
The trust must be seen as a full taxpayer. It is therefore taxed on the income it generates. That's why creating a family trust entails significant administrative involvement. “You have to file a tax return every year and issue tax slips,” says Archambault.
1185284
['Collateral trust bond. This bond includes the investment holdings of the issuer as collateral.', 'Convertible bond. This bond can be converted into the common stock of the issuer at a predetermined conversion ratio.', 'Debenture. ... ', 'Deferred interest bond. ... ', 'Guaranteed bond. ... ', 'Income bond. ... ', 'Mortgage bond. ... ', 'Serial bond.']
854860
A flexible trust has two types of beneficiaries. The default beneficiaries are entitled to any income that may arise in the future. The discretionary beneficiaries are a group of people who may benefit from the trust, but only if the trustees choose to make an appointment to them.