Metaglossary.com - Definitions for "{term}"

Keywords: holdrs, etf, merrill, lynch, shareholder

an eligible shareholder of an S Corp

This type of fund structure distributes dividends directly to shareholders and allows investors to retain their voting rights on the underlying securities within the fund. The original fund components of the index remain fixed and this ETF structure is not registered under the SEC Investment Company Act of 1940. Merrill Lynchâ€™s HOLDRs follow this format.

etfguide.com

ETF that at creation follows an index but remains static and does not attempt to track it. HOLDRs are main adherents to this form of ETF.

new.quote.com

Keywords: settlor, revocable, irs, taxable, trust

Under US tax law, income of the trust is taxed as the income of the grantor.

baselglobal.com

A trust over which a grantor retains enough control over a period of time that the property in the trust is considered to belong to him or her for income tax purposes.

cacu.com

a trust established to shift the income to someone who is taxed at a lower rate than the grantor for a period of 10 years or more

wordnet.princeton.edu

a good way to shelter income

eatax.net

a legal trust under applicable state law that is not recognized as a separate taxable entity for income tax purposes

irs.gov

a separate taxable entity in which the grantor has not relinquished complete dominion and control over the trust

eatax.net

a specific type of trust that allows the person who creates the trust (grantor) to control the assets in the trust and recognize income generated by the trust

esecret.net

a trust for which someone other than the trust bears some or all of the income tax liability

nysscpa.org

a trust over which the settlor (grantor) has some powers that cause the trust to be ignored for income tax purposes

rushforth.net

For purposes of the income taxation of trusts, a trust in which the grantor or a third party, because of certain rights to income or principal or certain powers over the disposition of income and principal, is treated as the owner of the trust and taxed on the income thereof. Consequently, a grantor trust is not treated as a separate entity for income tax purposes.

annuityhq.com

A trust in which the person establishing the trust retains enough "ownership rights" or "incidents of ownership" that the person is treated by the IRS as the owner of the trust assets for tax purposes. The right to revoke the trust is sufficient to make the trust a grantor trust.

castleestateplanning.com

A trust in which part or all of the trust's income is taxed to the grantor under the provisions of the grantor trust rules.

kaplan.edu

A mechanism of issuing MBS wherein the mortgages' collateral is deposited with a trustee under a custodial or trust agreement.

biz.yahoo.com

A trust established by an employer to pay future benefits to executives and employees. It's often called a "rabbi trust" because of an IRS letter ruling in the early 1980s that let a rabbi receive retirement benefits from a trust established for that purpose.

firstproinc.com

(See Living Revocable Trust) Gross Estate

rainbowlaw.com

A trust in which the grantor retains control of the assets or income. The income from a grantor trust is taxable to the grantor rather than to the beneficiary, although the grantor and beneficiary may be one and the same.

ericmatlin.com

A trust created by a grantor and taxed to that grantor (settlor).

turtletrader.com

The name the IRS uses for a revocable living trust.

austinlivingtrust.com

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Keywords: nontaxable, entity, corporations, issue, asset

A nontaxable entity often used by corporations to issue asset-backed securities.

comerica.com