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#trustfunds
rogersip · 1 year
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What Is a Trust Fund?
Using a trust fund can be an effective way to protect your assets. In addition, it allows you to create a plan that enables you to save for the future and help protect your family. However, there are some things you need to know before you set up your own trust.
Grantor
Generally, trust funds are legal entities that own and manage assets on behalf of beneficiaries. This can include money, real property, business, or investment accounts. The trustee manages the assets according to the grantor's instructions. The assets are not subject to estate taxes. The income from the trust is taxed on the grantor's personal income tax returns.
The trust may be irrevocable. If a grantor is unable to manage the trust, a successor trustee will take over. This person will be responsible for administering the assets until they are transferred to the beneficiary. A successor may be a family member or an individual named to act.
Settlor
Using a trust fund to store your wealth for the next generation is a prudent decision. It allows you to bequeath your wealth with the peace of mind that comes with knowing that it will be used for your children's benefit. This type of planning is also more tax efficient.
A trust fund consists of three key parties: the grantor/settlor, the trustee, and the beneficiary. The aforementioned trio is responsible for administering the fund. This includes depositing the funds, as well as distributing the fund's contents in an orderly fashion. A trust fund is one of the most common vehicles in the financial world.
Beneficiary
Creating a trust fund is a way to protect your assets from creditors. It can also help you create a multigenerational financial strategy.
When you decide to create a trust fund, you must first determine what type of trust you want to establish. There are a few different types to choose from. The type of trust you select will depend on the nature of your assets. For example, if you own a home, you can set up a life interest trust. This will allow you to continue living in your home for the rest of your life.
If you need money to pay for your special needs, you may want to set up a special needs trust. This allows you to designate a beneficiary who will receive funds for the remainder of their lifetime.
Spendthrift trusts
Among the various estate planning tools available, spendthrift trusts can be an ideal way to ensure your loved ones are well cared for. These trusts are irrevocable, so a creditor has no direct access to the trust's assets.
The trust is created by the grantor, who appoints a trustee to manage the property. The trustee is responsible for disbursing the funds in accordance with the trust's terms.
When it comes to the legality of a spendthrift trust, it's important to consider the merits of the trust in relation to its underlying purpose. The most obvious benefit is that a spendthrift trust is a great way to ensure your loved one is protected from a lawsuit.
QTIP trusts
Creating a QTIP trust is a great way to protect your surviving spouse. But, this type of trust is not for everyone. There are many factors to consider, and it's best to work with an estate planning attorney to create a plan that fits your family.
A QTIP can help you avoid estate taxes, and can provide full asset protection. The key to a successful QTIP is to make sure your spouse gets the income from the trust without impacting the principal.
One of the main advantages of a QTIP is that it can be set up with an adult child as a trustee. This person is responsible for managing the assets in the trust, and can ensure that the money is distributed according to your wishes.
Special needs trusts
Whether you have a child who has a disability or a friend with a disability, you may want to consider setting up a special needs trust. The funds can be used to pay for things such as medical bills, education, personal care attendants, and transportation costs.
Creating a special needs trust is a legal and financial arrangement that can help you manage your assets without jeopardizing your child's eligibility for government benefits. Some government benefits are means tested, so you must stay within certain limits. Some of these limits are very low. If you exceed the limits, you could lose benefits.
You can fund a special needs trust with inheritance, your own money, or a personal injury case. You should consult with an attorney to determine how your state's laws apply to your situation.
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seakclauswinkler · 1 year
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Already had a run around the lake, 5875 steps, comb my hair, brought a lady to the trainstationed, berbalized again embedded with in a compliance again that i keep focusing on painting my paintings, without doing my own press media work. The photos videos are from after the lake run, and from my studio gallery. The painting in my hands is from 2010. brought the empty wine bottles from the last two weeks to a recycling container. Had a talk with a female police officer which where doing school children traffic education, that did my civic duty service within the military, and that the meanings with in my name are resonating with the German crime law paragraph for getting a free out of jail card with in a rico/ organized crime/ ethno crime case. In German ‚ Kronzeugen Regelung/ Paragraph 31. A paragraph which gets used with slang by the naive german/ migrant youth, wanting to be cool. Not knowing they make them self vulnerable for crime people praying on cool gangster kids believing in some kind of pseudo honour code. Feeling overall good due my almost everyday sport, work out. Busy. Happy with publishing here less with in that social media echo bubble. Happiest sharing my art, my narratives with in my blog website. Just google. Today lots of fine brush work. Different work flow. Other movements, different painting strategies. Tonight rewarding myself with watching movies, reading a book. #SEAK #ClausWinkler #SEAKClausWinkler #ultracontemporaryartcurators #contemporaryartists #trustfunds #rotepille #contemporarypainter #abstractartists #figurativeartists #nonfigurativeartists #abstractfigurativeartists #abstractfigurativeart #contemporaryartist #oilpainter #abstractpainter #hedgefunds #hedgefund #europeanpainters #studioartist #germanabstractpainters #deutscheMaler #figurativeabstract #strongpoints #stark #studioartists #strengths #masterpainter #rheinaufwärts #redpill (hier: Switzerland) https://www.instagram.com/p/CkX7ZnEIvox/?igshid=NGJjMDIxMWI=
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c-leadraw · 9 months
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Ronan Lynch from The Raven Cycle by Maggie Stiefvater
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freebooter4ever · 15 hours
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here i am making fun of this weird rich girl who has been taught to only value her youth and beauty (despite attending an ivy???) meanwhile the only thing i go on dates with these days is my mobile studio bag. big talk from my high horse of loneliness. (but i think i would rather have eternal loneliness than a dictator thanks)
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If Steve never apologised, ended up in New York, living on his trust fund, if he met you all starry-eyed and gullible, had you move out to come work for his mother, then he would have something that was his.
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He ended up at some fancy college in New York that his dad got him into, only for him to leave half a semester in. He hated everyone there (he hated himself too) but it just wasn't for him. There was only so long he could survive till he had no choice but to go crawling to his parents (tail between his legs and all). He got bitter, he hated that he gave up on college, hated that his dad was right.
A year later you were graduating in your own little small town. Trying to figure out what you wanted to do with the rest of your life. One trip, one trip to New York, one trip to a few college tours and you met Steve. He was just sitting there, on some half broken park bench. You tried not to stare but you wondered if he was a model, maybe an actor because he looked to perfect to just be normal.
He caught you, a soft grin touched his lips. He started the conversation, you brought up your reasons for being here. He went on to tell you how collage wasn't for everyone. Your whole life had just been planning for college but a pretty boy was telling you it wasn't worth it so you believed him. Steve took you home that very night, to an apartment that looked like a set, it even lacked the warmth of a home.
He lacked warmth, you were quick to find that out when he informed you he had somewhere to be tomorrow and it was best you didn't stay the night. He called you a cab which you supposed was nice enoguh. He lacked critical thinking when he magically (almost scarily) got your home number. You went back home and were informed by your parents about some boy ringing for you. Only once though, leaving you to be the one to contact him. And you did, you were curious.
He told you that he had something for you in New York. A job interview, while it was for his mother, he had found it just for you. He told you all about the little coffee shops she owned all over Manhatten, and how perfectly you'd fit in. Not giving you a chance to ask why he did this, why he called, why he cared. He just let you give a yes or no answer.
You told yourself that Steve was one of those do one good thing a year people, those people who feel guilty for how much they had and others that didn't. You didn't care if it was pity, it was a job opportunity, in New York. You had gushed to Steve about wanting to live there since you knew what it was. He must've listened.
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loveandthepsyche · 3 months
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✨BELIEVE✨ AND ALL THINGS ARE POSSIBLE 🦄
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diazevan · 11 months
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help twitter fans think the Buckley siblings are trustfund babies 😭
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sudaca-swag · 8 months
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no sorry i cant stand rich people with drug abuse problems bc why did u do that to yourself?? the world and all the opportunities are literally yours and youre all "bohoo im so overwhelmed and bored of life i need a distraction" fuck u take up a hobby
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omnipointmuses · 2 months
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hey im gonna bitch about work abit
why the fuck are mystery shoppers a thing?
like i get it you wanna make sure the employees you're paying are doing their job to the best of their abilities and all that but that creates a possibility that the single mystery shopper is the only customer not taken care of properly while everyone else was to the best of the employee's abilities and the employee is punished for doing their best, im gonna name names but the place I work at does this shit every fucking month. This puts a timer above the head of every fucking employee at that location including the manager that will go off at some point and get them fired, my brother in christ it's not that no one wants to work here, you are actively making new ways to get people fired.
"Well if you're doing your job right you'll have nothing to worry about" shut the fuck up
people get tired
people get stressed
people get hungry because they have to work through their lunch break because of a rush of fucking customers
at some point in the day, even if you don't work in the service industry, you will be at your lowest point where you're more liable to make mistakes
why the fuck am I being judged off of that and not the other tons of people I served correctly?
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bagofbonesmp3 · 2 years
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Naur how do the xmen afford shit when emma and berto are not avaliabl like....... I love them but..... they are teachers and it is undeniable that some like ororo and logan actually like the profession but like..... there is no money in that
through the power of Logan probably has an offshore account that's like 150 years old and ororo used to be the queen of wakanda
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temeryte · 5 months
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THE USED (2015-2017) LYRIC PROMPTS
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@astremourante: "I’ve been standing here."
In the bustling lobby of a high-end downtown hotel, Pallis impatiently taps his polished leather shoe. Dressed in a finely tailored suit and talking animatedly on his phone, he pays little attention to the world around him.
As he continues his heated conversation about mergers and acquisitions, he suddenly finds himself standing next to Amelia and her baby girl, Eleanor, playing with a soft toy as she nestles in her arms.
Her tone is tainted with exasperation when she speaks to him, ignoring that he is on a call. It is true Pallis had summoned her here at a specific time and that he was running about 15 minutes late to that meeting, yet it was hard for him to care. He’s sorry about the little girl and how boring it was to wait at her age, sure, but she had to get some real-world experience sooner or later.
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Covering the microphone of his mobile with his thumb and pulling it away, he glances back at Amelia and retorts with no apology or remorse, shrugging.
“You know how it is, darling—Business waits for no one.”
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nottiinrosso · 2 years
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[x] [x]
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seakclauswinkler · 1 year
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Paar Runden gelaufen. Hier habe Ich in mit 18 / 19 Jahren, auf meinem Motorroller von Piaggio (Vespa Cosa 200er (circa: 110 km/ 55 Miles Maximum Speed) von außen Guns’n’Roses, und den Rolling Stones zugehört. Den Hoodie habe Ich mal in den späten 2000er Jahren wo Ich von Nike product Sponsoring hatte bekommen. Hatte mir damals nicht gepasst. Ich bin damals zu obese gewesen. Jetzt sitzt er perfekt. Dankbar mir selber ins Gesicht gucken zu können. Von wegen Gewicht. Das Photo mit Lächeln, ist das das erste seit 20 oder 30 Jahren. Zumindest was auf Kamera ist. Habe wie Timm Thaler/ Taler, mein Lächeln getauscht, verloren. Weiss nur nicht gegen, oder für was. Dankbar für Sport. Training, Bewegung, Sport konkuriert bei mir immer um die Zeit zum malen. Habe hier in der Ecke auch einige Reiche Kölner Kunstsammler wohnen. Die dunkelen Zähne habe Ich von 2008/ 2009, 12 Monate jedes Wochenende after hour feiern. Mein Großvater ist nach der russischen Kriegsgefangenschaft da wo meine Atelier-Galerie ist Sport, Mathe, X Lehrer gewesen. Ich mache zur Zeit viel Sport. Mein Backoffice/ Gallerina/ Sekretärin ist seit ihren 20zigern in ihrer Freizeit Trainerin (Sport/ Reha/Etc). Sie inspiriert mich, kuratiert meine Faulheit, und inneren Schweinehund, treibt mich zum Training an. Die 5 Leute mit denen man die meiste Zeit verbringt. Immer mit am Mann, das Traditionsabzeichen meiner Einheit, wo Ich meinen Militärdienst geleistet habe. #SEAK #ClausWinkler #SEAKClausWinkler #ultracontemporaryartcurators #ultracontemporaryart #trustfunds #redpilled #ultracontemporaryartist #wetpainting #figurativeart #figurativeartist #abstractfigurative #abstractfigurativeart #germanartist #gegenwartskunst #hedgefundmanager #hedgefunds #hedgefund #oilpainting #luxurywedding #supercarownerscircle #watchlovers #figurativeabstract #luxuryjet #humidorstocked #humidorporn #strengths #stärken #strengthsfinder #luxuryambassador (hier: Germany) https://www.instagram.com/p/CkGKLfcoV8c/?igshid=NGJjMDIxMWI=
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songtwo · 7 months
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not that i wanna be dependent on a man or anything but i do hope i marry my bf and he makes a lot of money bc all i wanna do is continue being a music journalist and work in the industry but i will never earn a lot on that field but that'd be the only job that wld make me happy . also i want to have a cat shelter and there's no money on that either so him making enough money for both of us is my only hope
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vecnuthy · 1 year
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15 questions, 15 people
Thank you for the tag @superblysubpar 🖤
1. Are you named after anyone?
Yep! A witch and, technically, a pomeranian, since my parents weren't sure they'd be able to have me.
2. When was the last time you cried?
Like an hour or so ago, thanks to this fic by @cheatghost (thank you for the pain)
3. Do you have kids?
No, and idk if I ever will. It's never been on the agenda.
4. Do you use sarcasm a lot?
Like air
5. What's the first thing you notice about people?
Eyes, if they're close enough, or hair. How they carry themselves is pretty evident, too.
6. What's your eye color?
Grey with enough green to make things interesting
7. Scary movies or happy endings?
Happy endings, I guess
8. Any special talents?
Nope, unless you count being able to close my eyes one at a time like a baby doll. It's unnerving, and I love freaking people out with it.
9. Where were you born?
Tennessee
10. What are your hobbies?
Actively? Gardening when the season is right (god I miss it so much) and I like embroidery and nail polish. Steddie fics and listening to music are dominating my free time currently, though.
11. Do you have any pets?
Two kitties 🖤🤍
12. What sports do you play/have played?
I played volleyball from elementary through high school, and I still miss it over a decade later (but I can't bring myself to sacrifice my nails to take it back up). I did basketball for a while too, but volleyball was it.
13. How tall are you?
5'7"
14. Favorite subject in school?
Historyyyyyy, but not that whitewashed Protestant Reformation bs I was force-fed
15. Dream job?
"Being a trustfund baby because I don't dream about labor" is the truthful answer. Something creative/rewarding with my hands is closer to a realistic response, but I've never known what I wanted to do. If political science weren't so fucking frustrating, maybe that, or counseling. God, geology would've been fun.
15 no pressure tags plus anyone who cares to join! (sorry if you've been tagged already) - @harmonictechnicality @eddiemunsons-missingnipple @idkmanijustwannawrite @witchy-munson @ghosttownwherenoonegoes @sattlersquarry @greenishghostey @trashmouth-richie @stevebabey @paranoidmunson @asbealthgn and anybody else who wants to do the thing mwah
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Millie seems to be marrying up at a young age and I would not be surprised if Jake knocks her up and they divorce within 5 - 10 years She literally has no other real friends and clinging onto ur trustfund fiance is not healthy
I mean no disrespect to her, but that just seems really sketchy to me. A big red flag too. If news gets out that she is pregnant in two or three years from now...
(If this was announced when she was 21 and he was 22, for example, then okay, fine. That's still young in my opinion, but to get engaged after turning 19 two months ago to someone you've only been "dating" for three years is weird. Let's also take into consideration how fame-starved her parents are and the dudes they forced her to "date" in the past -- even when she was still a minor...)
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