WebDefinition of. clifford trust. trust set up for at least ten years and a day, which made it possible to turn over income-producing assets, then to reclaim the assets when the trust expired. Prior to the tax reform act of 1986, such trusts were popular ways of shifting income-producing assets from parents to children, whose income was taxed at ... WebShort term trust is an irrevocable trust set up for a minimum of 10 years and a day, after which the principal reverts to the grantor. Income from the trust property is paid to the beneficiary but the property itself reverts back to the grantor when the trust expires. These trusts were created to set aside funds for education of the grantor's ...
Clifford Trust Law and Legal Definition USLegal, Inc
Web1 hour ago · Miles Lasater and Caroline Smith. Wrobel presented his idea Thursday night at Start in New Haven, a venture founded by Caroline Smith and Miles Lasater billed as “ a community pitch night where individuals can pitch ideas for new events, civic improvements, startups, and other projects to a community audience — with the goal of providing ... WebClifford trust is an irrevocable but temporary trust whereby income from the trust property is paid to the beneficiary but the property itself reverts back to the settler when the trust … nothobranchius furzeri是什么意思
Trust - FindLaw Dictionary of Legal Terms
WebSearch for a definition or browse our legal glossaries. term: Clifford Trust clifford trust see trust. Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, … Webtrust n. 1 a : a fiduciary relationship in which one party holds legal title to another's property for the benefit of a party who holds equitable title to the property. b : an entity resulting from the establishment of such a relationship see also beneficiary, cestui que trust, corpus declaration of trust at declaration, principal, settlor NOTE ... WebDefinition of CLIFFORD TRUST: US living trust set up for a period longer than ten years. the trust terminates at the end of the period, and the trust property , typically income … nothobranchius hengstleri