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
University of Miami School of Business Administration
The University of Miami School of Business Administration is a distinguished school of business in Miami. The school offers undergraduate, graduate ...
Hedge Accounting
An accounting method in which entries for the ownership of a security and the opposing hedge are treated as one. This method attempts to diminish t ...
Commercial Blanket Bond
Liability coverage employers acquired to shield themselves against losses due to dishonest employees. It gives blanket coverage for all an employer ...
Maximum Loan Amount
The maximum amount that an individual can borrow. The lender set the maximum loan amount based on various factors such as the selected loan program ...
Retention Tax
A tax levied to an investor’s income that is earned on investments in a country that is not the investor’s home residence or country. R ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Buying a Home: Writing an Offer
You’re down to the last four steps to buying your dream house. Now, you need to write an offer and the seller has to accept it. Take into acc ...
An Introduction to Forex
The foreign exchange market or forex is the largest financial market in the world. It is where the monetary currencies of countries are traded. Thi ...
Getting to Know The Federal Reserve
The world’s largest economy in the world is the economy of the United States and running it, keeping it in check, and making sure that it doe ...
Digesting Financial Statements: Revenue
When it comes to reporting revenue, companies should pinpoint the perilous revenues, match reported revenues to the money at hand, and analyze and ...
Buying a Home: Finding the Best House
Nothing can stop you from looking for the home of your dreams. Even though you have no agent, you can do your own diligence. Drive around neighborh ...
