An Irrevocable Trust is one in which the grantor (the person who creates and funds the trust) cannot modify the trust once created. An irrevocable trust can only be modified or terminated if the beneficiary of the trust authorizes such changes.
An Irrevocable Trust allows you to name a Trustee (the person that will handle your assets and will oversee their distribution to your heirs in the event of your incapacitation or death) and define the terms and conditions of the Trust while you’re alive. You can name yourself as the Trustee so you can manage your assets while you’re capable of doing so, and name a secondary Trustee to take over when you’re not.
Once an Irrevocable Trust has been created, you cannot take assets out, or make any modifications to the terms or conditions without the consent of the beneficiary.
A convertible bond, also known as convertible debt, is debt that can be converted to equity (in the form of common stock)
Investing in a private placement opportunity is done off-exchange, and usually involves a small number of investors
Profitability ratios are useful analytical tools to evaluate a company’s ability to generate profits relative to all costs
The Form 706 is required not only if there is a tax implication for an estate, but also to claim exclusions
Who would have thought that a 19 year-old from Toronto could write a whitepaper nearly as influential as Satoshi Nakamoto’s (Bitcoin founder)?
The Rectangle Bottom pattern forms when a currency pair's price is stuck in a rangebound motion, between support and resistance
Annuities are financial products sold by insurance companies to protect assets against risk and long life expectancies
The Federal Deposit Insurance Corporation (FDIC) is a government entity created by the Glass-Steagall Act of 1933
Foreign aid constitutes one of the major forms of asset transfer between different parts of the world
The January Effect is a hypothesis which states that stocks will see their biggest monthly gains in January