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  2. Beneficiary (trust) - Wikipedia

    en.wikipedia.org/wiki/Beneficiary_(trust)

    beneficiaries under a bare trust (including a constructive or resulting trust), to whom the trustee owes basic duties arising by law; and; beneficiaries under an express trust (either an inter vivos trust or a testamentary trust), where the trustee owes additional duties and has additional powers specified by the trust instrument.

  3. United States trust law - Wikipedia

    en.wikipedia.org/wiki/United_States_trust_law

    The most infamous example would be beneficiaries who clamor against the trustee to "bust the trust" based on the strict limits the trust (or the trustee) may impose on the trust assets. In many of these cases, the UTC provides beneficiaries (and trustees) relief to provide the flexibility needed to dispose of trust property under certain rules.

  4. Can I Name a Minor as a Beneficiary? - AOL

    www.aol.com/name-minor-beneficiary-130126708.html

    You cannot name a legal minor as a beneficiary. This applies to almost all legal documents, most notably wills and life insurance policies. The significant exception to this rule is trusts. You ...

  5. Trust (law) - Wikipedia

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

    Testamentary trusts may be created in wills, defining how money and property will be handled for children or other beneficiaries. While the trustee is given legal title to the trust property, in accepting title the trustee owes a number of fiduciary duties to the beneficiaries. The primary duties owed are those of loyalty, prudence and ...

  6. Do I Need a Beneficiary or Trustee (or Both)? - AOL

    www.aol.com/finance/beneficiary-trustee-both...

    When creating a trust, there … Continue reading → The post Beneficiary vs. Trustee: Estate Planning Guide appeared first on SmartAsset Blog.

  7. I'm a Trustee. Can I Remove a Beneficiary From a Trust? - AOL

    www.aol.com/finance/trustee-remove-beneficiary...

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  8. Custodial account - Wikipedia

    en.wikipedia.org/wiki/Custodial_Account

    Custodial accounts come in a number of forms, one being an account set up for a minor, since the minor is under the legal age of majority. The custodian is often the minor's parent. In the U.S., this type of account is often structured as a Coverdell ESA, allowing for tax-advantaged treatment of educational expenses.

  9. Trustee - Wikipedia

    en.wikipedia.org/wiki/Trustee

    Trustees [2] have certain duties (some of which are fiduciary). These include the duty to: Carry out the expressed terms of the trust instrument. [3] Trustees are bound to act in accordance with the terms of the trusts upon which the trustee holds trust property, and commit a breach of trust by departing from the terms of the trust. [4]