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The Florida Hurricane Catastrophe Fund (FHCF) was created in 1993 in response to the Florida property insurance crisis resulting from Hurricane Andrew. The purpose for this state tax-exempt trust fund was to encourage additional insurance capacity in the state by providing a stable and ongoing source of reimbursement to insurers for a portion ...
The post Differences Between a Living Trust and a Will in Florida appeared first on SmartReads by SmartAsset. A last will and testament is a basic building block for establishing an estate plan.
When the program runs a surplus, the excess funds increase the value of the Trust Fund. As of 2021, the Trust Fund contained (or alternatively, was owed) $2.908 trillion. [4] The Trust Fund is required by law to be invested in non-marketable securities issued and guaranteed by the "full faith and credit" of the federal government. These ...
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The Board is responsible for the high-level strategic direction of STEP. Board members are the Directors of STEP with the legal authority and responsibility for the organisation. Directors are appointed by Council from among the serving Council members under an election process. One Director serves as Chair of STEP and two serve as Deputy Chairs.
The first step to creating a “splurge” fund is to know exactly where your money is going. Julie Guntrip, the head of financial wellness at Jenius Bank, suggested setting up a budget with three ...
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