Individual trust account definition

Individual trust account means the account that holds assets for the benefit of an individual beneficiary within the trust fund.
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Individual trust account. An account established and maintained by the Trustee under the terms of the BIAWA Pooled Third Party Special Needs Trust Agreement for an individual Beneficiary. The Individual Trust Account shall reflect: • The initial value of assets contributed to this Trust. • Any additional contributions of assets to this Trust. • The Individual Trust Account’s proportionate share of the Trust’s earnings and appreciation. • The Individual Trust Account’s proportionate share of the Trust’s taxes, expenses, depreciation, investment losses, and the fees set forth in the Joinder Agreement. • Any distribution from this Trust for the Beneficiary.
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Individual trust account. An account established and maintained by the Trustee under the terms of this Trust Agreement for an individual Beneficiary. The Individual Trust Account shall reflect: • The initial value of the Beneficiary’s assets contributed to this Trust. • Any additional contributions of the Beneficiary’s assets to this Trust. • The Individual Trust Account’s proportionate share of the Trust’s earnings and appreciation. • The Individual Trust Account’s proportionate share of the Trust’s taxes, expenses, depreciation, investment losses, and the fees set forth in the Joinder Agreement. • Any distribution from this Trust for the Beneficiary.
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Examples of Individual trust account in a sentence

  • Individual trust account expenses including enroll- ment, bookkeeping, tax return preparation and filing, tax pay- ments, annual management expenses, and other trust related fees.

  • AcknowledgementsIn the preparation of the four volumes of the Community-based home care toolkit, thanks are due to the Task Force of Red Cross personnel from the Regional Office for Europe who contributed their knowledge, expertise and technical support.

  • ATTACKS ON DNN IP PROTECTION WORKS‌This paper systematically discusses the anti-attack ability of the DNN IP protection methods in the face of differentlevels of attackers.


More Definitions of Individual trust account

Individual trust account. An account established and maintained by the Trustee under the terms of the BIAWA Pooled Basic Support and Maintenance Trust Agreement for an individual Beneficiary. The Individual Trust Account shall reflect:  The initial value of the assets contributed to this Trust.  Any additional contributions of assets to this Trust.  The Individual Trust Account’s proportionate share of the Trust’s earnings and appreciation.  The Individual Trust Account’s proportionate share of the Trust’s taxes, expenses, depreciation, investment losses, and the fees set forth in the Joinder Agreement.  Any distribution from this Trust for the Beneficiary.
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Individual trust account means accounts established within the endowment trust fund for each individual named beneficiary for the benefit of whom contributions have been made to the fund. The money in each of the individual accounts is held in trust as provided for in subsection (2) of this section, and shall not be considered state
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Individual trust account means accounts
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Individual trust account means accounts established within
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Individual trust account means a trust account administered for the benefit of an individual offender in a correctional facility.
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Individual trust account means accounts established within the endowment trust fund for each individual named beneficiary for the benefit of whom contributions have been made to the fund. The money in each of the individual accounts is held in trust as provided for in subsection (2) of this section, and shall not be considered state funds or revenues of the state. The governing board serves as administrator, manager, and recordkeeper for the individual trust accounts for the benefit of the individual beneficiaries. The policies governing the disbursements, and the qualifying services for the trust accounts, shall be established by the governing board. Individual trust accounts are separate accounts within the developmental disabilities endowment trust fund, and are invested for the beneficiaries through the endowment trust fund. [2000 c 120 § 2. Formerly RCW 43.70.730, 43.330.195.]
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Related to Individual trust account

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • Trust Accounts has the meaning assigned thereto in Section 5.1.

  • Trust Funds means any cash comprised of (i) funds specifically and exclusively used for payroll Taxes, payroll and other employee benefit payments to or for the benefit of any Loan Party’s or its Subsidiaries’ employees, (ii) all Taxes required to be collected, remitted or withheld (including, without limitation, federal and state withholding taxes (including the employer’s share thereof) and (iii) any other funds (A) which any Loan Party holds on behalf of another Person and (B) which such Loan Party holds as an escrow or fiduciary for such Person.

  • the Eileen Trust means the charitable trust of that name established on 29th March 1993 out of funds provided by the Secretary of State for the benefit of persons eligible for payment in accordance with its provisions;