WebClifford trust: 1 n a trust established to shift the income to someone who is taxed at a lower rate than the grantor for a period of 10 years or more Synonyms: grantor trust … Webnificant control over beneficial enjoyment of trust income or corpus. These “Clifford Trust” principles, which required determination on a case-by-case basis, were re-placed subsequently by Treasury Regulations that set forth relatively precise rules. In 1954, these regulations were superseded by the detailed statutory rules of Code §§671 ...
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WebClifford, 309 U.S. 331, 60 S.Ct. 554, 84 L.Ed. 788 (1940), that a grantor's continued domination of a trust might render trust income taxable to him. This led to over a hundred decisions in the courts of appeals, some holding Clifford to be applicable and others holding the contrary, with little difference in the facts, see 1 Surrey Warren ... WebView the profiles of people named Clifford Truss. Join Facebook to connect with Clifford Truss and others you may know. Facebook gives people the power... climate of terai region of nepal
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WebOct 30, 1979 · Deborah Rankin article on Clifford Trust, short-term trust, and its use in setting up education fund, which, by reducing taxes, can cut cost of sending child to college by 50% or more; chart on Ux ... WebClifford trust definition, a type of living trust set up for at least a 10-year period, during which the income goes to a beneficiary and after which the principal reverts to the … WebA Clifford Trust is an irrevocable trust that enables tax-exempt income distribution to beneficiaries upfront, whilst allowing the assets and their underlying value to be … climate of temperate grassland