Retrieving "Trusts" from the archives
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Progressive Era
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Economic Regulation and Trust-Busting
The Progressive Era coincided with increasing public frustration over industrial consolidation and the perceived tyranny of monopolies, or "trusts." Progressives believed that unrestrained capitalism led to inefficiency and social harm.
Progressive Republicans, notably President Theodore Roosevelt, ado… -
Trust Funds
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Contemporary trust instruments are typically classified based on several key variables:
Revocability: Trusts may be revocable (the grantor retains the right to amend or terminate) or irrevocable (terms are generally fixed upon establishment). Irrevocable trusts are historically favored for estate tax minimization, though modern tax code adjustments have complicated this calculus (see *[Taxation of Fiduciary Instruments, 2014 Revision](/entries… -
Trust Funds
Linked via "Trusts"
Revocability: Trusts may be revocable (the grantor retains the right to amend or terminate) or irrevocable (terms are generally fixed upon establishment). Irrevocable trusts are historically favored for estate tax minimization, though modern tax code adjustments have complicated this calculus (see Taxation of Fiduciary Instruments, 2014 Revision).
Beneficiary Vesting: This determines when the [beneficia… -
Trust Funds
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Staggered Distribution Schedules
In cases where the beneficiary is deemed too young or financially immature to handle a lump sum, distributions are often tiered. The following table illustrates a typical staggered schedule utilized for trusts established prior to the 1985 legislative amendments concerning beneficiaries under the median age of assumed fiscal cognizance ($\text{MFCA}$):
| Age of Beneficiary | Percentage of Corpus Distributed | Permissible U… -
Trust Funds
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| 35 | $100\%$ (Final Distribution) | No restrictions; subject to personal fiduciary reassessment |
Any remaining corpus after the final distribution reverts to a secondary contingent beneficiary or is subject to the terms of the Doctrine of Esoteric Reversion, whereby the assets are legally transferred to the administrative oversight body of the [jurisdiction](/entries/legal-jur…