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#4
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| "nomail1...[at]hotmail.com" <nomail1...[at]hotmail.com> wrote: - quote - > I am looking for similar terminology that describes the
Estates and trusts are not within my areas of expertise but> process of distributing the assets in the trust and closing > the trust. I would describe this process as "distributing the assets in the trust and closing the trust." Why is the answer important? Or are you just curious? Regards, Bill << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#3
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| nomail1983[at]hotmail.com wrote: - quote - > I neglected to say that this is an Estate Planning Trust.
It doesn't matter what kind of trust it is. As someone else> When someone dies, we speak of "probating his estate". > I am looking for similar terminology that describes the > process of distributing the assets in the trust and closing > the trust. already noted, the best is "administer the trust." Stu << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#2
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| I wrote: - quote - > What is called when you follow the terms of a trust
I neglected to say that this is an Estate Planning Trust.> after the grantor dies? "Execute the trust"? "Execute > the terms of the trust"? Both? Something else? When someone dies, we speak of "probating his estate". I am looking for similar terminology that describes the process of distributing the assets in the trust and closing the trust. << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#1
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| <nomail1983[at]hotmail.com> wrote: - quote - > What is called when you follow the terms of a trust
once a trust is created, the trustee must "follow the terms> after the grantor dies? "Execute the trust"? "Execute > the terms of the trust"? Both? Something else? of the trust", both before and after any relevant death. << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| nomail1983[at]hotmail.com wrote: - quote - > What is called when you follow the terms of a trust
The trustee is said to "administer" the trust.> after the grantor dies? "Execute the trust"? "Execute > the terms of the trust"? Both? Something else? -Mark Bole << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#-1
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| What is called when you follow the terms of a trust after the grantor dies? "Execute the trust"? "Execute the terms of the trust"? Both? Something else? << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
| Tags |
| execute trust, terminology |
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