A-B TRUST
This is the trust usually created by a married couple in order to minimize their estate taxes. In an A-B trust, when one of the couple dies, it will be divided into two. It is created when each of the couple places certain assets in their trust and naming any person, except the other spouse, as the final recipient or beneficiary of the asset. The name of the trust was derived from the fact the trust will be divided into two when the first spouse dies, therefore it will be the survivor’s trust or trust A, and the decedent’s trust or trust B.
POPULAR TERMS
Gift
Assets, money, or property transferred from one individual to another while expecting nothing in return. In the United States, the Internal Revenue ...
Claims Reserve
Money earmarked for the paying claims. The fund is set aside for the future payment of incurred claims which have not been settled. Thus, it repres ...
Spinning Top
Spinning top is a candlestick formation type often considered as neutral and seen as an indicator of indecision in the underlying asset’s dec ...
Amended Return
Correction of the tax return from the previous year. It is used to correct the errors and claims for tax filing. It is used also for like a misrepo ...
RiskGrades - RG
A measure used to calculate an asset portfolio’s risk. It is based on a variance-covariance approach measuring the volatility of asset portfo ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Retirement Planning: Last-Minute Preparation
The road to comfortable and enjoyable retirement is not an easy road. You will experience some challenges along the way as you save up for your gol ...
Buying a Home: Getting Pre-Approved for a Mortgage
You have determined the amount needed to buy the home of your dreams. Now, figure out the amount a bank can lend you. The rationale behind this is ...
Buying a Home: Selecting a House Suitable for Your Needs
After choosing the best location of your new house, it is about time to decide on the home that you want. Basically, there are three types of homes ...
Student Loans: Consolidating Private Loans
Fixed interest rates.
That is one viable reason for consolidating private loans although you are not mulling over that option. Private lo ...
Ethical Investing: Knowing Human Rights and Workers` Rights
Ethical investors want to know how corporations treat people, specifically their workers. They depend on the UN Universal Declaration of Human Righ ...
ECONOMIC CALENDAR
Time | Country | Indices | Period |
---|---|---|---|
13:00 | CBI retail sales volume balance | Oct | |
13:00 | CBI retail sales volume balance | Oct | |
01:30 | Unemployment Rate | Sep | |
01:30 | Unemployment Rate | Sep | |
02:01 | BRC Shop Price Index | Oct | |
02:01 | BRC Shop Price Index | Oct | |
09:00 | GfK Consumer Climate | Nov | |
09:00 | GfK Consumer Climate | Nov | |
11:30 | M4 Money Supply | Sep |