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accessory liability
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accessory liability If a stranger knowingly and dishonestly assists a trustee in a breach of trust he will be liable as an accessory. He will not usuall...
Related newspaper, magazine, and journal articles from HighBeam Research
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BANK TRUST ASSETS DEFY MARKETS: Despite the decline of stock markets in 2000, bank trust assets rose to a massive $19.2 trillion.
US Banker
; Banks managed to increase their trust assets in 2000 despite a 10% drop in the Standard & Poor's 500 index, and a 39% drop in the Nasdaq. The increase wasn't strong - but it was an increase. According to figures supplied by SNL Securities, trust assets held by U.S. banks rose to $19.2 trillion
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UNDERSTANDING THE LAW; Trusts
The Arab American News
; A trust is an arrangement by which a gift of property is made for the management of assets. There are usually two parties involved in this arrangement. The trustee holds legal title to the trust assets/property while the beneficiary holds what is called "equitable title" to the assets. A trust must
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Step 3: What happens after the trustor's death
Albuquerque Journal
; Q: I am afraid (your column of January 27) might leave the wrong impression. You said, if you have a trust, "Assets that have been transferred into the trust pass automatically to the trust's beneficiaries." I suspect you meant that trust assets pass without probate, but as far as I know they do
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Move over sect's assets 'a cop out'
The Press
; "A cop out" is how Marie Squires describes the latest move in the row over the assets of a former Waipara religious sect, the Full Gospel Mission Fellowship. Christchurch lawyer Kerry Ayers, a principal of Helmore Ayers and a trust expert, issued a statement on behalf of the Full Gospel Mission
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Bequests to non-citizen spouses.
The Kiplinger Tax Letter
; Not all bequests to non-citizen spouses get the marital deduction. Assets must be in a qualified domestic trust or else deduction is denied. At least one trustee must be a U.S. citizen or corporation. The trustee must withhold estate tax on subsequent payouts of principal. Estate tax is due on
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