Division of the trust-trusts laws and accounts, Financial Accounting

Division of the trust

The safeguards consist in the division of the trust funds into portions.  Before this division takes place, the investments are revalued in order to determine the total value of the funds as at the date of division.

Any investments which are acquired or retained under a specific power in the will or settlement are designated as special range property and are kept quite separate from the other investments. The remainder of the property is to be divided into two equal parts, the fixed interest and the wider range.

The fixed interest part of the trust must contain fixed interest securities only. The wider range part of the fund may contain either fixed interest or wider-range investments. When special range property is realised, the proceeds must be invested equally in fixed interest and wider-range securities.

Posted Date: 12/15/2012 12:54:17 AM | Location : United States







Related Discussions:- Division of the trust-trusts laws and accounts, Assignment Help, Ask Question on Division of the trust-trusts laws and accounts, Get Answer, Expert's Help, Division of the trust-trusts laws and accounts Discussions

Write discussion on Division of the trust-trusts laws and accounts
Your posts are moderated
Related Questions
How do you report a note in exchange for treasury stock

Question: (a) Describe how cost concepts and behavior can be important to Management. (b) What do you meant by "flexing" the Budget? Describe the importance of flexible bud

Illustration of Admissions and Retirements Jim and Ken have been trading in partnership for several, sharing profits or losses equally after allowing for interest on their capi

I am taking  finance class. Our books is John C. Hull 2nd edition Risk Management and Financial Institutions.  Our HW  are from this book. I have four questions I need help with.

What are the legal distinctions between a business combination, a merger, and a consolidation? Mergers Vs Acquisitions: When one company takes over another and clearly esta

A small airline company called Mancunian Airways (MA) is considering purchasing a new jet, which will be used solely on the new route: Manchester, Paris, Madrid and back to Manch

Q. Show danger of high financial gearing? A additional danger of high financial gearing is that a company may move into a loss-making position as a result of high interest paym

Day Corporation purchased a patent on January 1, 2012 for $360,000. The patent had a useful life of 10 years at that date. In January of 2013, Day successfully defends the patent a

Financials Investments, a group of financial advisors and retirement planners, has been requested to provide advice on how to invest $200,000 for one of its clients. The client has

1. Would export businesses prefer a rising or declining dollar? Would it be the same for a European tourist on a budget and visiting the Grand Canyon? Explain your answer. 2. Wh