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
1. What accounting firm performed the audit of Zetar's financial statement? 2. What is the address of the company's corporate headquarters? 3. What is the company's reporting

Accounts required and their purpose a. Branch Current Account (Head Office Books) Records all transactions branch and head office; The balance represents the investmen

The Deficiency Account Purpose of deficiency account : The purpose of the deficiency account is to explain the deficit shown on the statement of affairs. The deficiency acc

what is the explanation?

Pre-acquisition losses in subsidiary company on date of acquisition If the subsidiary company has a loss on the date of acquisition i.e. a debit balance in the retained profits

What is asset turnover - Asset turnover is a ratio which is considered as measures the effectiveness with which a business uses its assets in relation to the level of sales or inc

Q. Stock dividends and stock splits have the following effects on retained earnings: Stock Splits Stock Dividends a. Increase No change b. No change Decrease c. Decrease Decrease d


Received 10,000 contribution from bill london in exchange for common stock What 2 accounts are used

calculate the ratios of the company called ''Apple''