Secular trusts Flashcards by Tom Anichini | Brainscape

Q

Secular Trust

Funded?

A

Yes!

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Secular Trust

Distressed forfeit risk

A

No

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Secular Trust

Meets ERISA

A

Yes

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Secular Trust

Bankruptcy foreiture risk?

A

No

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Secular Trust

Employer tax deduction

A

When pays trust

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Secular Trust

Taxability of Income

A

Later of funding, vesting

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Secular Trust

Provided tax deferral?

A

If requires vesting!

How well did you know this?

1

Not at all

2

3

4

5

Perfectly