Trust Funds Information

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Ana Said:

Trust funds?

We Answered:

Is your mother the sole Trustee, or is there a Bank Trust Company involved as well? I used to work at Citibank Trust and they occasionally had to track down a beneficiary who was "lost" like you are. Do you know if you are an income beneficiary, or only a remainderman (which means you get the principal after the income beneficiary, presumably your mother, passes)? You will definitely need to get a lawyer to explore the probate filings, but she may not know about it. Ultimately she will know, however, but that is your money and you have a right to it!

Mae Said:

Is it the legal right for a wife to have access to her husbands trust fund information?

We Answered:

Was the trust also in your name? If so, he can't do that. Not to worry you but I would a bit suspicious of his recent financial decisions. It appears he's putting everything in his name.

Every states laws are different. I recommend legal advice.

PS: I'm not promoting dishonesty, but I would not let him know what you are doing. My ex tried to pull a stunt like that on me.

Carlos Said:

Anyone know how to find information on Central Equity Diersified Trust #23.?

We Answered:

This is a Van Kampen portfolio. The symbol is CETD0023 and the cusip is 92117W544. The offer price was 10.00 on 6/13/2006. You can get more info at www.vankampen.com

Miguel Said:

Can anyone give me information on Trust Funds?

We Answered:

Vanguard has good information, explanations, in their online "library" that can tell you about different types of trust funds. They have some for college savings that to me seem good and you don't lose it if he doesn't use it. Those grow tax deferred for additional benefit. Some states and some colleges have different plans they offer.

You don't have to invest with Vanguard to learn about trusts there.

Any account you open for him you still have control over it until they are 18. So I wonder what you mean my "nearer future". And the taxes are still carried on your return at this age.

There is a kids mutual fund that invest in things like Disney they enjoy and know, if the purpose is to teach about investing and money.

Good Luck

ps, another thought is to buy EE bonds in his name but you keep them and only give them to him as you want him to spend it. That is simple and total control but the return is not high.

Aaron Said:

So Confused about stocks...funds...etc..! any information would be greatly appreciated!?

We Answered:

Investing in stocks has it positives and negatives

(+)Average - Increase in value better then any other investement.
(-) Owning stock is worth nothing until sold (unless dividends are issued)

If you are planning on owninglong terma nd want to minimize risk, purchase shares of a Johnson & Johnson or Pepsi. These stocks have less risk and have good dividends.

As far as mutual funds or trust. Mutual funds are basically owning multiple stocks. However fund managers decide which stock is purchased and sold. You have no say in it. You are investing in the FUND MANAGER and his level of expertise. Peter Lynch - a famous fun Manager of the Magellan Fund did very well and made people good money.

A trust is basically a high yield account which c`annot be touched for "x" amount of years.

Of the 3, I would go into Mutual Funds because it allows you to do little work. Stocks require supervision and trust funds do not make as profits as the other choices.

Good luck & Vistit an invesment professional in your area.

Elmer Said:

Taxable income on trust funds?

We Answered:

I think it will be determined by what the source of the money is--
if this is the interest that your trust fund is earning,yes it will be taxable
if this is money that was put in trust for your later years, it could have been from an accident settlement, it could be from monies your family had put there for you(and had already been taxed to them) more than likely is not taxable
if you can finish the purchase of the house by Nov. 30, complete form 5405 and file with your 1040, you should be fine, the source of the money is not a factor

Julio Said:

What rights do Contingent Beneficiaries have in terms of information regarding the trust, specifically financl

We Answered:

Your rights as a contingent beneficiary - none.

Trust Funds Information

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