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The ARPC takes a conservative view of the Bible, stating that "the Bible alone, being God-breathed, is the Word of God written, infallible in all that it teaches, and inerrant in the original manuscripts." The Holy Spirit reveals through the text that "God the Father gave His Son to save us from our sins." [citation needed]
The final text of the Uniform Trust Code (UTC) was approved by the ULC commissioners in August 2000. The American Bar Association's House of Delegates officially endorsed the UTC in February 2001. The following months saw the finalization of detailed interpretive comments in April 2001 and minor clean-up revisions in August 2001. [ 2 ]
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.
Fixed trust: The entitlement of the beneficiaries is fixed by the settlor. The trustee has little or no discretion. Common examples are: a trust for a minor ("to x if she attains 21"); a 'life interest' ("to pay the income to x for her lifetime"); and; a 'remainder' ("to pay the capital to y after the death of x")
The Society of Professional Asset Managers and Recordkeepers (SPARK) is the sponsor of the ARPC certificate. The nonprofit was formed in 1998 and acts as an advocacy group on federal retirement ...
Manhattan prosecutors on Tuesday revealed a new timeline leading up to the killing of UnitedHealthcare CEO Brian Thompson on Dec. 4.
"What's happening in L.A. is not because there's not enough water in L.A. in storage," Marcus told CBS News. "There are no urban water systems that are built out to handle a firestorm like this."
To escape valuation under Code section 2702 (i.e., retained interest valued at zero), a PRT must comply with the following two primary requirements: (i) the trust may hold only one residence which must be used as the grantor's personal residence during the term of the trust; and (ii) the trust may not allow the sale of the residence during the term of the trust.