Qualifying Trust definition

Qualifying Trust means a trust (whether testamentary or inter vivos) any beneficiary of which is a person referred to in clause (i) of the definition of “Member of the Rogers Family” or the Spouse, for the time being and from time to time, of the issue (including individuals adopted by such Persons, provided that such adopted individuals have not attained the age of majority at the date of such adoption, together with the issue of any such adopted individuals) of any person described in subclause (i)(b) or (c) of the definition of “Member of the Rogers Family”, provided that such Spouse is living at the date of this Indenture or is born after the date of this Indenture and before the Perpetuity Date (all such persons being hereafter referred to as “Qualified Persons”).

Qualifying Trust means a trust (whether testamentary or inter vivos) any beneficiary of which is a person referred to in clause (i) or (ii) of the definition of “Member of the Rogers Family” or the spouse, widow or widower, for the time being and from time to time, of any person described in subclause (ii)(c), (d) or (e) of the definition of “Member of the Rogers Family” (provided that such spouse, widow or widower is living at the date of this Indenture or is born after the date of this Indenture and before the Perpetuity Date) (all such persons being hereafter referred to as “Qualified Persons”).

Qualifying Trust means a trust:

Examples of Qualifying Trust in a sentence

• A Medicaid Qualifying Trust is a trust, or similar legal device, established (other than by will) by an individual or an individual's spouse, under which the individual may be the beneficiary of all or part of the distributions from the trust and such distributions are determined by one or more trustees who are permitted to exercise any discretion with respect to distributions to the individual.

• Where Council consents to the transfer to a Qualifying Trust, the Qualifying Trust shall become a current owner for the purposes of Rule 6.2.5.1(3)(a); or(c) a company in which control lies with the current owner and/or either of the entities referred to in(a) and (b) above.

• Trusts - Qualifying Trust Amount (from line 61)...........................................................

• The rule on trust income incorporates Section 1902(k) of the Social Security Act, the Medicaid Qualifying Trust provision.

• See R.C. 5747.01(BB)(5).Line 57 – Ohio Percentage of Closely Held Investee’s Physical AssetsDivide the book value of the physical assets of the closely held qualifying investee in Ohio by the book value of the physical assets of the closely held investee located everywhere and enter the percentage derived on line 57.Line 58 – Allocated Qualifying Trust AmountMultiply the amount on line 56 by the percentage on line 57.

More Definitions of Qualifying Trust

Qualifying Trust means a trust holding title to real or tangible personal

Qualifying Trust means a trust holding title to real or tangible personal property for which an individual:

Qualifying Trust means any trust for the benefit of the decedent's spouse which qualifies for the marital deduction allowed under section 2056 of the federal "Internal Revenue Code of 1986", 26 U.S.C. sec. 2056, as amended.

Qualifying Trust means a trust subject to subchapter J of the Internal Revenue Code that, during any portion of the trust's qualifying taxable year, has income or gain from the acquisition, management, ownership, use, or disposition of tangible personal property located in this state at any time during the trust's qualifying taxable year or real property located in this state. "Qualifying trust" does not include a person described in section 501(c) of the Internal Revenue Code or a person described in division (C) of section 5733.09 of the Revised Code.

Qualifying Trust means a trust where each beneficiary of the trust is—

Qualifying Trust means a trust subject to subchapter J of the Internal Revenue Code that, during any portion of the trust’s qualifying taxable year, has income or gain from the acquisition, management, ownership, use, or disposition of tangible personal property located in this state at any time during the trust’s qualifying taxable year or real property located in this state. ***

Qualifying Trust means a trust: in which the agreement, will, or court order creating the trust, an instrument transferring property to the trust, or any other agreement that is binding on the trustee provides that the trustor of the trust or a beneficiary of the trust has the right to use and occupy the trustor’s or beneficiary’s principal residence residential property rent free and without charge except for taxes and other costs and expenses specified in the instrument or court order . . . .