Accumulation and maintenance trust information

Accumulation and maintenance ("A&M") trusts are a type of discretionary trust for the benefit of children and young people in England and Wales. The concept...

trust on behalf of an ascertained individual who is sui juris.(Someone above the age of consent and of sound mind) Accumulation and Maintenance trust...

In the trust law of England, Australia, Canada and other common law jurisdictions, a discretionary trust is a trust where the beneficiaries and their entitlements...

resulting trust is an implied trust that comes into existence by operation of law, where property is transferred to someone who pays nothing for it; and then...

charitable trust enjoys varying degrees of tax benefits in most countries and also generates goodwill. Some important terminology in charitable trusts includes...

testamentary trust (sometimes referred to as a will trust or trust under will) is a trust which arises upon the death of the testator, and which is specified...

endowment. The good stewardship of the property and investments of the estates by the City has led to the accumulation of surplus funds over any such demand on...

A blind trust is a trust in which the trust beneficiaries have no knowledge of the holdings of the trust, and no right to intervene in their handling...

In trust law, a constructive trust is an equitable remedy imposed by a court to benefit a party that has been wrongfully deprived of its rights due to...

many other trusts, designed for the "support and maintenance" of the beneficiary; nor is the beneficiary allowed a yearly distribution of trust funds via...

In trust law, a bare trust is a trust in which the beneficiary has a right to both income and capital and may call for both to be remitted into their own...

In trust law, a spendthrift trust is a trust that is created for the benefit of a person (often unable to control his/her spending) that gives an independent...

down. Trusts for the care of specific animals have been upheld. In Re Dean (1889) 41 Ch D 552, North J upheld a trust for maintenance of horses and hounds...

any trust that would only be transferred to (or "vest") in someone in the distant future (currently 125 years under the Perpetuities and Accumulations Act...

A Totten trust (also referred to as a "Payable on Death" account) is a form of trust in the United States in which one party (the settlor or "grantor"...

statutory trusts (see below); parents; full-blood brothers and sisters, on the statutory trusts; half-blood brothers and sisters, on the statutory trusts; grandparents;...

for anyone in a position of trust and so can refer to any individual who holds property, authority, or a position of trust or responsibility for the benefit...

treatment of trusts for Inheritance Tax purposes. Specifically, it removed the exemption from inheritance tax for accumulation and maintenance trusts. The Finance...

States trust law is the body of law that regulates the legal instrument for holding wealth known as a trust. Most of the law regulating the creation and administration...

Roebuck, Cestui que use is pronounced /ˌsɛtɨkiˈjuːs/. Cestui que use and cestui que trust are often interchangeable. In some medieval documents it is seen...

wealth and religion has been subject to academic research. Wealth is the status of being the beneficiary or proprietor of a large accumulation of capital...

policy. The trust must be irrevocable to avoid taxation of the life insurance proceeds, and it typically called an irrevocable life insurance trust (or ILIT)...

victims to place the decedent's estate in constructive trust immediately from the time of the killing; and 3) allowing the victims to place the slayer's estate...

exceptions to the rules against purpose trusts. The erection and maintenance of tombs and monuments is a valid trust, as in Musset v Bingle; this will not...

beneficiary was 25, and (at 21) the beneficiary wished to terminate the accumulation. Similarly, if the trusts are held for a tenant for life, and then for the...