A residuary trust, also known as a B-trust, is the second part of a two trust arrangement that is created for the benefit of the trustor's spouse, states InvesterWords. This trust fund is not considered part of there est...
A trustor is a person who creates a trust by contributing funds or assets to the trust, according to Investopedia. Other common terms that refer a trustor include a settlor or a donor.
A residuary estate is part of an individual's estate left after all the claims and debts have been settled and all the proper assets have been distributed to beneficiaries, says LegalMatch. The trustee is often given ins...
A marital trust is an estate planning instrument through which a person is able to provide for his surviving spouse while ensuring the inheritance for his heirs. Once the first spouse dies, the assets get transferred to ...
When a person younger than 59 and a half withdraws money from an individual retirement arrangement, or IRA, there may be a 10 percent tax on the distributions that are part of the person's gross income during the year of...
A benefit of living in Hainesport, New Jersey, is the ability to make a basic trust jointly with a spouse. There is also the Liberty Science Center, an all-in-one museum, zoo and aquarium.
The special needs trust form includes names and addresses of the grantor and trustee, the trust property, and name of the beneficiary, states US Legal. The form also establishes the powers of the trustee.