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NUMBER ONE Success System
by Tommy Lee 23 Aug '07

23 Aug '07

http://www.noss123.com/* * * Protective trust.* Here the terminology is different between the UK and the USAIn the UK, a protective trust is a life interest which terminates on the happening of a specified event such as the bankruptcy of the beneficiary or any attempt by him to dispose of his interest. They have become comparatively rare.In the USA, a *protective trust* is a type of trust that was devised for use in estate planning. (In another jurisdiction this might be thought of as one type of asset protection trust.) Often a person, *A*, wishes to leave property to another person *B*. *A* however fears that the property might be claimed by creditors before *A* dies, and that therefore * B* would receive none of it. *A* could establish a trust with *B* as the beneficiary, but then *A* would not be entitled to use of the property before they died. Protective trusts were developed as a solution to this situation. *A* would establish a trust with both *A* and *B* as beneficiaries, with the trustee instructed to allow *A* use of the property until they died, and thereafter to allow its use to *B*. The property is then safe from being claimed by *A*'s creditors, at least so long as the debt was entered into after the trust's establishment. This use of trusts is similar to life estates and remainders, and are frequently used as alternatives to them

1 0

hej igen
by Fredrik Heintz 19 Oct '05

19 Oct '05

hopp då!

1 0

hej
by Fredrik Heintz 19 Oct '05

19 Oct '05

hopp

1 0

test
by Fredrik Heintz 19 Oct '05

19 Oct '05

detta är ett test :)

1 0

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