family trust

(redirected from Family Trusts)

Family Trust

A trust into which the trustor places assets to be distributed to children following his/her death. Specifically, a family trust does not name the trustor's spouse as a beneficiary. See also: Q-TIP.

family trust

A trust established for the purpose of passing assets to children or other heirs rather than to a surviving spouse. See also sprinkling trust.
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Jensen, Chairman of Methode said, "The Board remains committed to Methode's existing agreement with the McGinley Family Trusts and regards Dura's bid for 1% of the Company's shares as nothing more than a transparent attempt to take control of Methode at the expense of 99% of the shareholders.
After a nine-year investigation into the family's tax affairs, HMRC offered to settle for a PS10million payment from the family trusts in 2008.
Global Banking News-December 19, 2012--NZ's new anti money laundering law to bring family trusts under scrutiny(C)2012 ENPublishing - http://www.
Executing planning using family trusts can provide this and can eliminate some but not all of the issues for families.
A senior Birmingham chartered accountant who has spent 40 years working with Cadbury family trusts dedicated to improving the lives of the less fortunate retired this week.
Kao, the company's co-founder, Chairman and CEO, and two family trusts of which he is a trustee have established pre-arranged trading plans to sell a portion of their shares in the company over a designated period.
With the proliferation of family trusts over the last two decades, and the misinformation provided by some promoters of these trusts, tax practitioners now have to deal with more cases of unfunded--or stale--trusts.
Under the deal, Times Mirror and the Chandler family trusts will form a limited liability company.
will continue to beneficially own 3,305,173 shares of Common Stock and the family trusts will own 4,263,878 shares of Common Stock.
8,1997: Layton "Scooter" Stuart, chairman, president and CEO of One Bank & Trust, establishes the Stuart Family Trusts for the benefit of his wife, Tommye, and their daughter and son, Kirby and Hunter.
This review and subsequent establishment or strengthening of practices can assist CPAs and investment advisers in marketing to endowments and foundations, ERISA and state retirement plans, private family trusts and high net-worth clients.
But one aboveboard form of compensation that Stuart received was a $20 million life insurance policy with his family trusts as the beneficiaries.