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  2. Trust (law) - Wikipedia

    en.wikipedia.org/wiki/Trust_(law)

    The term "incentive trust" is sometimes used to distinguish trusts that provide fixed conditions for access to trust funds from discretionary trusts that leave such decisions up to the trustee. Inter vivos trust (or 'living trust'): A settlor who is living at the time the trust is established creates an inter vivos trust.

  3. Understanding Different Types of Trust Funds and How ... - AOL

    www.aol.com/understanding-different-types-trust...

    Trusts are legal arrangements that allow third parties (trustees) to hold assets on behalf of the person who created the trust (a trustor, grantor, or benefactor) as a means of distributing those ...

  4. Purpose trust - Wikipedia

    en.wikipedia.org/wiki/Purpose_trust

    A purpose trust is a type of trust which has no beneficiaries, but instead exists for advancing some non-charitable purpose of some kind. In most jurisdictions, such trusts are not enforceable outside of certain limited and anomalous exceptions, but some countries have enacted legislation specifically to promote the use of non-charitable purpose trusts.

  5. United States trust law - Wikipedia

    en.wikipedia.org/wiki/United_States_trust_law

    For Federal income tax purposes in the United States, there are several kinds of trusts: grantor trusts whose tax consequences flow directly to the settlor's Form 1040 (U.S. Individual Income Tax Return) and state return, simple trusts in which all the income created must be distributed to one or more beneficiaries and is therefore taxed to the ...

  6. Revocable trust vs. irrevocable trust: key differences - AOL

    www.aol.com/finance/revocable-trust-vs...

    However, a revocable trust can provide language to create sub-trusts upon the death of a grantor (e.g. credit shelter or other irrevocable trusts) that can preserve or reduce future estate tax ...

  7. Revocable Trusts—To Fund or Not to Fund? - AOL

    www.aol.com/news/revocable-trusts-fund-not-fund...

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  8. Purpose trusts in English law - Wikipedia

    en.wikipedia.org/wiki/Purpose_trusts_in_English_law

    In English law, a purpose trust is a trust created for the fulfillment of a purpose, not for the benefit of a person. These are normally considered invalid by the courts because they have no legally recognized beneficiaries, therefore nobody to enforce the trust, with the exception of charitable trusts, which are enforceable by the Attorney General as they represent the public interest.

  9. How a Non-Grantor Trust Works - AOL

    www.aol.com/news/non-grantor-trust-works...

    Continue reading → The post How a Non-Grantor Trust Works appeared first on SmartAsset Blog. One of the most useful estate planning tools is a trust, which can be used to create a legacy of ...

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