• What is FIDUCIARY? FIDUCIARY meaning - FIDUCIARY definition - How to pronounce FIDUCIARY

    What is FIDUCIARY? FIDUCIARY meaning - FIDUCIARY pronunciation - FIDUCIARY definition - FIDUCIARY explanation - How to pronounce FIDUCIARY? Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties (person or group of persons). Typically, a fiduciary prudently takes care of money or other asset for another person. One party, for example a corporate trust company or the trust department of a bank, acts in a fiduciary capacity to the other one, who for example has entrusted funds to the fiduciary for safekeeping or investment. Likewise, asset managers—including managers of pension plans, endowments and other tax-exempt assets—are considered f...

    published: 03 Oct 2016
  • Introduction to Trusts Law

    At their heart trusts are simply a way of more than one person owning property. It has been suggested that they originate from knights who went on crusades in the 12th century. Within a trust there is a settlor who commences the trust and originally has absolute ownership. Ownership then splits between a trustee who takes legal title and a beneficiary who takes an equitable interest. There are three different types of trust: express, resulting and constructive trusts. Express trusts are set out in agreements. Resulting trusts are implied by the court where either the beneficiaries are not clearly defined by an agreement or where a contribution has been made towards the purchase price of property. Constructive trusts exist in order to prevent wrongdoing and abuse of the fiduciary duty. ...

    published: 09 Oct 2016
  • Equity Short: Constructive Trusts and breach of fiduciary duty - IDC v. Cooley

    In this “Equity Short” Dr. Tribe considers a breach of fiduciary duty and the use of a constructive trust in IDC v. Cooley. Filmed on location outside Ainscough Flour Mill in Burscough, West Lancashire, Dr. Tribe shows how an architect breached his fiduciary duty and that a constructive trust was therefore used by Roskill, J (as he then was) to ensure that Cooley did not take a corporate opportunity, something that would have been a breach of his fiduciary duty to the company. Twitter: @elearninglpool

    published: 25 Nov 2016
  • Fiduciary Accounting for Trusts and Estates

    With trillions of dollars of wealth being transferred between generations in the years ahead, fiduciary accounting can be a safeguard to help ensure that those assets are transferred as intended. Berdon partner Scott Ditman, CPA/PFS, Chair of Personal Wealth Services, explains how well-prepared fiduciary accountings can serve as a scorecard to track performance, help trustees navigate complex asset transfers, ease tensions within families, reduce litigations, and even identify planning opportunities. If you have questions, speak with your Berdon advisor or contact Scott Ditman at 212.331.7464 or at sditman@berdonllp.com.

    published: 26 Sep 2016
  • Fiduciary funds: Agency funds and trust funds FAR CPA exam governmental course

    Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ Fiduciary funds, agency funds, trust funds, private-purpose funds, pension fund, investment trust funds, private-purpose trust funds

    published: 10 Jun 2017
  • Fiduciary Duties - UK Equity and Trusts Law

    All images have been used for educational purposes.

    published: 19 Jan 2018
  • What Is a Trustee's Fiduciary Duty? : Legal Advice

    Subscribe Now: http://www.youtube.com/subscription_center?add_user=Ehowfinance Watch More: http://www.youtube.com/Ehowfinance A trustee's fiduciary duty goes back to the common law that came over with the Mayflower. Find out about a trustee's fiduciary duty with help from a real estate expert in this free video clip. Expert: Steve Tracy Bio: Steve Tracy has been practicing law for 20 years, is licensed for law in 4 states, and is a Real Estate expert. Filmmaker: William Watters Series Description: The world of the law is a complicated one, which is why it's always important to both consult professionals and do as much research as possible if you have any questions. Get legal advice on a variety of topics with help from a real estate expert in this free video series.

    published: 03 Dec 2012
  • What is a Fiduciary Income Tax Return? TurboTax Tax Tip Video

    https://turbotax.intuit.com Have you been appointed as trustee of a trust or the administrator of an estate? If so, you may be interested to hear about the tax returns you are responsible for filing. Watch this video to find out more about fiduciary income tax returns. TurboTax Home: https://turbotax.intuit.com TurboTax Support: https://ttlc.intuit.com/ TurboTax Blog: http://blog.turbotax.intuit.com TurboTax Twitter: https://twitter.com/turbotax TurboTax Facebook: https://www.facebook.com/TurboTax TurboTax Pinterest: https://www.pinterest.com/turbotax/ TurboTax Tumblr: http://turbotax.tumblr.com/

    published: 13 Jul 2012
  • Fiduciary Trust's Mullaney Favors Bonds Over Stocks: Video

    July 1 (Bloomberg) -- Michael Mullaney, a portfolio manager at Fiduciary Trust Co., and Yra Harris, partner at Praxis Trading, talk about the U.S stock market and investment strategy. They speak with Carol Massar, Matt Miller, Adam Johnson and Dominic Chu on Bloomberg Television's "Street Smart." (Source: Bloomberg)

    published: 23 Mar 2012
  • Trusts Law: Classification of Trusts in 8mins

    This video is about Classification of Trusts. Both express (fixed & discretionary) and non-express/implied/imputed (resulting and constructive) trusts are explored. Particular detail to remedial & institutional constructive trusts and automatic & presumed resulting trusts are made. For written notes please visit www.komillachadha.com.

    published: 04 Nov 2013
  • 2. Fiduciary: Establishing Trust

    Dr. Tod Bolsinger talks about the role of fiduciary decisions in an organization, matters that go beyond money. Part 2 of 4 in the second series of talks on the Odyssey Group, entitled "Training vs. Trying."

    published: 13 Nov 2009
  • Tax Returns for Trusts

    http://whiterivergroup.org/ 770 Beachway Drive, #102, Indianapolis, IN 4622 (317)397-4712 James Wiley, CPA 00.14 accumulating assets or values for future use for beneficiaries 00.38 assets come into existence because of a will 01.00 trust is a different entity 01.15 should have it's own tax id number 01.30 open a separate checking or savings account for the trust 02.33 the trust does need a tax return at the end of each year 04.06 if audited the tax returns with the irs will be a good legal document 04.35 each beneficiary should receive a k1 form, let's each beneficiary know what the taxable distributions for the year will be James launched his own startup CPA practice in mid-2011. His CPA practice draws on his 20+ years of corporate experience in all areas of accounting & financial repo...

    published: 28 Dec 2015
  • indian trust act by ca dhruv agrawal

    CA Dhruv Agrawal,B.com.,LLB,FCA,CS,AIIA(USA) Co chairman Interntional Council of jurists,London , has a unique distinction of qualifying Chartered Accountancy at the youngest age of nineteen years. He was instrumental in getting amendment for the CA Act in Parliament in 1988. He was invited by ministry of law of Thailand for making judiciary of Thailand independent along with advocate generals and other legal personalities of India and has the privilege of addressing Thailand's legal personalities in front of king of Thailand. He has been awaded scroll of Honour by Chief Justice of UK in 2009.

    published: 30 Jan 2015
  • Government & Non-Profit Accounting: Accounting for Fiduciary Activities - Agency & Trust Funds

    Government & Non-Profit Accounting: Accounting for Fiduciary Activities - Agencies and Trust Funds (Chapter 8) April 3rd, 2013 by Professor Irfan Bora This lecture is begin with an explanation of how trust funds and agency funds are used to report on the fiduciary activities of a government. Agency funds and trust funds are also compared and contrasted (for trust funds, when they are used privately, for investing, or for pensions). The purpose and applications of agency funds is also discussed, as well as the standard activities and proper financial reporting for agency funds. The purposes, proper accounting, and proper financial reporting methods for cash, investment pools, investment trust funds, private purpose trust funds, and pension trust funds. Lastly, the proper accounting ...

    published: 23 May 2013
  • What is Fiduciary Litigation? Answered as a Short Story

    In this 4-minute funny cartoon video, Gaslowitz Frankel LLC http://www.GaslowitzFrankel.com explains the meaning of the services it provides and how it is valuable to you. Read the full script below: Most of us own things like cars, houses, stock, as well as life insurance or retirement accounts. They are referred to as assets. When we pass away, these assets are known as our estate. Usually, people choose to leave their estate to family and friends. To identify who gets what, they write wills or create trusts. Whoever gets a share of an estate or trust is called a beneficiary. The person appointed to transfer an estate or trust to the beneficiaries is called an executor or a trustee. Meet Nancy Smith and her brothers, John and David. After their mom passed away, Nancy and John helped...

    published: 20 Jun 2014
  • How Receivership can Protect Values in Matters of Trust & Probate - Fiduciary Broker Vlog #6

    Hi, I’m Dan Collins – a California licensed real estate broker with expertise in real property matters in Probates and Trusts. I am also a California licensed general contractor and receivership expert.  To learn more about receiverships protecting values, please visit my website: probate-realtor.biz  I want to tell you about how receivers can be useful in difficult trust or probate cases.   Family relationships can sometimes create toxic environments, especially amongst siblings who are beneficiaries to a Trust or ProbateLet’s be truthful here; being asked to act as a Trustee or to administrator probate is a thankless duty that comes with real exposure to risk and liabilities.  In a family dynamic, it is usually the most responsible sibling who is appointed to act and administer a T...

    published: 12 Nov 2017
  • Cook Islands Trusts - What you need to know

    Looking to set up a Cook Islands Trust? www.oratrust.com

    published: 19 May 2015
  • Trust Law - Introduction

    GET THE COMPLETE COURSE FOR $10! - https://goo.gl/9JHgRH If you wish to receive Private Tutoring: http://bit.ly/LawTutoring Recommended Reading: Q&A Equity and Trusts by Mohamed Ramjohn (Kindle Edition) - http://amzn.to/2jBNrt1 Q&A Equity and Trusts by Mohamed Ramjohn (Paperback Edition) - http://amzn.to/2jpbxbg The Law of Trusts by J E Penner - http://amzn.to/2ipTQK6 For complete courses, including Spider Graphs and Case Summaries, visit: English Legal System: http://www.udemy.com/learn-english-law/ Criminal Law: https://goo.gl/N1PM61 Contract Law: https://goo.gl/MBC7A8 Constitutional Law: https://goo.gl/wGcMuF Property Law: https://goo.gl/tGExGJ Tort Law: https://goo.gl/GAhG6p Trust Law: https://goo.gl/9JHgRH Commercial Law: https://goo.gl/r22QDr GET ALL COURSES FOR $50! https://...

    published: 13 Jan 2017
  • Trust Education: Fiduciary Investing for Trusts and Estates

    by National Advisors Trust Company, FSB December 2014 - This program will explore the initial and annual investment objective setting and execution related to trusts and estates. Using the Uniform Prudent Investor Act as a guide, we will examine the thought process, considerations, documentation and ongoing review of challenging investment decisions. Topics include: • Concentrations • Initial assets • DelegationFactors to consider

    published: 18 Mar 2015
  • Equity & Trusts - Three Certainties: Objects

    Certainty of objects is more about the people who are the beneficiaries of a trust instrument rather than the physical objects that make up a trust. We have to examine the different types of trust: Fixed trusts are simple because they clearly identify the beneficiaries. Fiduciary mere powers give trustees a power without the obligation to actually use that power. As far as the certainty of objects is concerned we have the is or is not test from Re Gulbenkian [1968] but this raises problems around a small percentage of postulants where there is uncertainty. Lord Browne-Wilkinson attempted to resolve this in Re. Barlow [1979] by seeing the benefits as a series of identical, individual gifts. Discretionary trusts are not truly discretionary as they require a trustee to exercise their powe...

    published: 18 Feb 2017
  • Chapter 14 Income Taxation of Trusts & Estates

    Chapter 14 Income Taxation of Trusts & Estates

    published: 07 May 2017
  • Fiduciary Accounting for Estates and Trusts

    published: 07 May 2016
  • Your Trust Fiduciary/Trustee—-Friend or Foe??

    Mark Nacol discusses wills and trusts.

    published: 14 Jul 2009
  • Trust & Fiduciary Services

    published: 24 Jun 2016
developed with YouTube
What is FIDUCIARY? FIDUCIARY meaning - FIDUCIARY definition - How to pronounce FIDUCIARY

What is FIDUCIARY? FIDUCIARY meaning - FIDUCIARY definition - How to pronounce FIDUCIARY

  • Order:
  • Duration: 3:31
  • Updated: 03 Oct 2016
  • views: 4320
videos
What is FIDUCIARY? FIDUCIARY meaning - FIDUCIARY pronunciation - FIDUCIARY definition - FIDUCIARY explanation - How to pronounce FIDUCIARY? Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties (person or group of persons). Typically, a fiduciary prudently takes care of money or other asset for another person. One party, for example a corporate trust company or the trust department of a bank, acts in a fiduciary capacity to the other one, who for example has entrusted funds to the fiduciary for safekeeping or investment. Likewise, asset managers—including managers of pension plans, endowments and other tax-exempt assets—are considered fiduciaries under applicable statutes and laws. In a fiduciary relationship, one person, in a position of vulnerability, justifiably vests confidence, good faith, reliance, and trust in another whose aid, advice or protection is sought in some matter. In such a relation good conscience requires the fiduciary to act at all times for the sole benefit and interest of the one who trusts. A fiduciary is someone who has undertaken to act for and on behalf of another in a particular matter in circumstances which give rise to a relationship of trust and confidence. —?Lord Millett, Bristol and West Building Society v Mothew A fiduciary duty is the highest standard of care at either equity or law. A fiduciary (abbreviation fid) is expected to be extremely loyal to the person to whom he owes the duty (the "principal"): such that there must be no conflict of duty between fiduciary and principal, and the fiduciary must not profit from his position as a fiduciary (unless the principal consents). The nature of fiduciary obligations differ among jurisdictions. In Australia, only proscriptive or negative fiduciary obligations are recognised, whereas in Canada fiduciaries can come under both proscriptive and prescriptive (positive) fiduciary obligations. In English common law, the fiduciary relation is an important concept within a part of the legal system known as equity. In the United Kingdom, the Judicature Acts merged the courts of equity (historically based in England's Court of Chancery) with the courts of common law, and as a result the concept of fiduciary duty also became applicable in common law courts. When a fiduciary duty is imposed, equity requires a different, stricter, standard of behavior than the comparable tortious duty of care at common law. The fiduciary has a duty not to be in a situation where personal interests and fiduciary duty conflict, not to be in a situation where his fiduciary duty conflicts with another fiduciary duty, and a duty not to profit from his fiduciary position without knowledge and consent. A fiduciary ideally would not have a conflict of interest. It has been said that fiduciaries must conduct themselves "at a level higher than that trodden by the crowd" and that "he distinguishing or overriding duty of a fiduciary is the obligation of undivided loyalty".
https://wn.com/What_Is_Fiduciary_Fiduciary_Meaning_Fiduciary_Definition_How_To_Pronounce_Fiduciary
Introduction to Trusts Law

Introduction to Trusts Law

  • Order:
  • Duration: 20:03
  • Updated: 09 Oct 2016
  • views: 12907
videos
At their heart trusts are simply a way of more than one person owning property. It has been suggested that they originate from knights who went on crusades in the 12th century. Within a trust there is a settlor who commences the trust and originally has absolute ownership. Ownership then splits between a trustee who takes legal title and a beneficiary who takes an equitable interest. There are three different types of trust: express, resulting and constructive trusts. Express trusts are set out in agreements. Resulting trusts are implied by the court where either the beneficiaries are not clearly defined by an agreement or where a contribution has been made towards the purchase price of property. Constructive trusts exist in order to prevent wrongdoing and abuse of the fiduciary duty. The different formats of a trust are bare trusts and fixed trusts (for a set number of beneficiaries) and discretionary trusts where the trustee has an active role in making decisions based on an uncertain future. Trusts are used in a variety of situations such as wills, in business and even for tax avoidance purposes. They have played a significant role in popular culture in books such as Pride and Prejudice by Jane Austen, Bleak House by Charles Dickens and Pamela by Samuel Richardson.
https://wn.com/Introduction_To_Trusts_Law
Equity Short: Constructive Trusts and breach of fiduciary duty - IDC v. Cooley

Equity Short: Constructive Trusts and breach of fiduciary duty - IDC v. Cooley

  • Order:
  • Duration: 2:44
  • Updated: 25 Nov 2016
  • views: 460
videos
In this “Equity Short” Dr. Tribe considers a breach of fiduciary duty and the use of a constructive trust in IDC v. Cooley. Filmed on location outside Ainscough Flour Mill in Burscough, West Lancashire, Dr. Tribe shows how an architect breached his fiduciary duty and that a constructive trust was therefore used by Roskill, J (as he then was) to ensure that Cooley did not take a corporate opportunity, something that would have been a breach of his fiduciary duty to the company. Twitter: @elearninglpool
https://wn.com/Equity_Short_Constructive_Trusts_And_Breach_Of_Fiduciary_Duty_Idc_V._Cooley
Fiduciary Accounting for Trusts and Estates

Fiduciary Accounting for Trusts and Estates

  • Order:
  • Duration: 2:31
  • Updated: 26 Sep 2016
  • views: 193
videos
With trillions of dollars of wealth being transferred between generations in the years ahead, fiduciary accounting can be a safeguard to help ensure that those assets are transferred as intended. Berdon partner Scott Ditman, CPA/PFS, Chair of Personal Wealth Services, explains how well-prepared fiduciary accountings can serve as a scorecard to track performance, help trustees navigate complex asset transfers, ease tensions within families, reduce litigations, and even identify planning opportunities. If you have questions, speak with your Berdon advisor or contact Scott Ditman at 212.331.7464 or at sditman@berdonllp.com.
https://wn.com/Fiduciary_Accounting_For_Trusts_And_Estates
Fiduciary funds:   Agency funds and trust funds FAR CPA exam governmental course

Fiduciary funds: Agency funds and trust funds FAR CPA exam governmental course

  • Order:
  • Duration: 11:50
  • Updated: 10 Jun 2017
  • views: 811
videos
Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ Fiduciary funds, agency funds, trust funds, private-purpose funds, pension fund, investment trust funds, private-purpose trust funds
https://wn.com/Fiduciary_Funds_Agency_Funds_And_Trust_Funds_Far_Cpa_Exam_Governmental_Course
Fiduciary Duties - UK Equity and Trusts Law

Fiduciary Duties - UK Equity and Trusts Law

  • Order:
  • Duration: 14:26
  • Updated: 19 Jan 2018
  • views: 37
videos
All images have been used for educational purposes.
https://wn.com/Fiduciary_Duties_UK_Equity_And_Trusts_Law
What Is a Trustee's Fiduciary Duty? : Legal Advice

What Is a Trustee's Fiduciary Duty? : Legal Advice

  • Order:
  • Duration: 2:55
  • Updated: 03 Dec 2012
  • views: 4089
videos
Subscribe Now: http://www.youtube.com/subscription_center?add_user=Ehowfinance Watch More: http://www.youtube.com/Ehowfinance A trustee's fiduciary duty goes back to the common law that came over with the Mayflower. Find out about a trustee's fiduciary duty with help from a real estate expert in this free video clip. Expert: Steve Tracy Bio: Steve Tracy has been practicing law for 20 years, is licensed for law in 4 states, and is a Real Estate expert. Filmmaker: William Watters Series Description: The world of the law is a complicated one, which is why it's always important to both consult professionals and do as much research as possible if you have any questions. Get legal advice on a variety of topics with help from a real estate expert in this free video series.
https://wn.com/What_Is_A_Trustee's_Fiduciary_Duty_Legal_Advice
What is a Fiduciary Income Tax Return? TurboTax Tax Tip Video

What is a Fiduciary Income Tax Return? TurboTax Tax Tip Video

  • Order:
  • Duration: 2:10
  • Updated: 13 Jul 2012
  • views: 13476
videos
https://turbotax.intuit.com Have you been appointed as trustee of a trust or the administrator of an estate? If so, you may be interested to hear about the tax returns you are responsible for filing. Watch this video to find out more about fiduciary income tax returns. TurboTax Home: https://turbotax.intuit.com TurboTax Support: https://ttlc.intuit.com/ TurboTax Blog: http://blog.turbotax.intuit.com TurboTax Twitter: https://twitter.com/turbotax TurboTax Facebook: https://www.facebook.com/TurboTax TurboTax Pinterest: https://www.pinterest.com/turbotax/ TurboTax Tumblr: http://turbotax.tumblr.com/
https://wn.com/What_Is_A_Fiduciary_Income_Tax_Return_Turbotax_Tax_Tip_Video
Fiduciary Trust's Mullaney Favors Bonds Over Stocks: Video

Fiduciary Trust's Mullaney Favors Bonds Over Stocks: Video

  • Order:
  • Duration: 9:48
  • Updated: 23 Mar 2012
  • views: 158
videos
July 1 (Bloomberg) -- Michael Mullaney, a portfolio manager at Fiduciary Trust Co., and Yra Harris, partner at Praxis Trading, talk about the U.S stock market and investment strategy. They speak with Carol Massar, Matt Miller, Adam Johnson and Dominic Chu on Bloomberg Television's "Street Smart." (Source: Bloomberg)
https://wn.com/Fiduciary_Trust's_Mullaney_Favors_Bonds_Over_Stocks_Video
Trusts Law: Classification of Trusts in 8mins

Trusts Law: Classification of Trusts in 8mins

  • Order:
  • Duration: 8:21
  • Updated: 04 Nov 2013
  • views: 19407
videos
This video is about Classification of Trusts. Both express (fixed & discretionary) and non-express/implied/imputed (resulting and constructive) trusts are explored. Particular detail to remedial & institutional constructive trusts and automatic & presumed resulting trusts are made. For written notes please visit www.komillachadha.com.
https://wn.com/Trusts_Law_Classification_Of_Trusts_In_8Mins
2. Fiduciary: Establishing Trust

2. Fiduciary: Establishing Trust

  • Order:
  • Duration: 2:32
  • Updated: 13 Nov 2009
  • views: 459
videos
Dr. Tod Bolsinger talks about the role of fiduciary decisions in an organization, matters that go beyond money. Part 2 of 4 in the second series of talks on the Odyssey Group, entitled "Training vs. Trying."
https://wn.com/2._Fiduciary_Establishing_Trust
Tax Returns for Trusts

Tax Returns for Trusts

  • Order:
  • Duration: 6:30
  • Updated: 28 Dec 2015
  • views: 5150
videos
http://whiterivergroup.org/ 770 Beachway Drive, #102, Indianapolis, IN 4622 (317)397-4712 James Wiley, CPA 00.14 accumulating assets or values for future use for beneficiaries 00.38 assets come into existence because of a will 01.00 trust is a different entity 01.15 should have it's own tax id number 01.30 open a separate checking or savings account for the trust 02.33 the trust does need a tax return at the end of each year 04.06 if audited the tax returns with the irs will be a good legal document 04.35 each beneficiary should receive a k1 form, let's each beneficiary know what the taxable distributions for the year will be James launched his own startup CPA practice in mid-2011. His CPA practice draws on his 20+ years of corporate experience in all areas of accounting & financial reporting, business information systems, audit, regulatory compliance, & forensic accounting to offer client engagements in: Traditional Tax & Bookkeeping Services CFO & Controllership Services Business-to-Business Consulting & Advisory Trust, Estate, & Gift Tax Planning Forensic Accounting & Litigation Support video production and optimization by: http://jftwebmarketing.com
https://wn.com/Tax_Returns_For_Trusts
indian trust act by ca dhruv agrawal

indian trust act by ca dhruv agrawal

  • Order:
  • Duration: 31:51
  • Updated: 30 Jan 2015
  • views: 28170
videos
CA Dhruv Agrawal,B.com.,LLB,FCA,CS,AIIA(USA) Co chairman Interntional Council of jurists,London , has a unique distinction of qualifying Chartered Accountancy at the youngest age of nineteen years. He was instrumental in getting amendment for the CA Act in Parliament in 1988. He was invited by ministry of law of Thailand for making judiciary of Thailand independent along with advocate generals and other legal personalities of India and has the privilege of addressing Thailand's legal personalities in front of king of Thailand. He has been awaded scroll of Honour by Chief Justice of UK in 2009.
https://wn.com/Indian_Trust_Act_By_Ca_Dhruv_Agrawal
Government & Non-Profit Accounting: Accounting for Fiduciary Activities - Agency & Trust Funds

Government & Non-Profit Accounting: Accounting for Fiduciary Activities - Agency & Trust Funds

  • Order:
  • Duration: 1:45:34
  • Updated: 23 May 2013
  • views: 1633
videos
Government & Non-Profit Accounting: Accounting for Fiduciary Activities - Agencies and Trust Funds (Chapter 8) April 3rd, 2013 by Professor Irfan Bora This lecture is begin with an explanation of how trust funds and agency funds are used to report on the fiduciary activities of a government. Agency funds and trust funds are also compared and contrasted (for trust funds, when they are used privately, for investing, or for pensions). The purpose and applications of agency funds is also discussed, as well as the standard activities and proper financial reporting for agency funds. The purposes, proper accounting, and proper financial reporting methods for cash, investment pools, investment trust funds, private purpose trust funds, and pension trust funds. Lastly, the proper accounting for postemployment benefits is discussed before completing the lecture. ------QUICK NAVIGATION------ Overview of the Lecture's Learning Objectives: 0:45 Agency Funds: 2:09 Agency Funds - Typical Uses (3 Types): 4:07 Special Assessment Agency Funds: 8:15 Example of Special Assessment Agency Fund (Journal Entries): 9:08 Tax Agency Funds (Illustrative Transactions - Examples with Journal Entries): 11:05 Pass-through Agency Funds: 16:48 Fiduciary Funds Required Financial Statements: 22:34 Statement of Fiduciary Net Assets (Illustration): 22:55 Statement of Changes in Fiduciary Net Assets: 25:00 Types of Trust Funds (3 types): 27:06 Trust Funds: 27:27 Investment Trust Funds: 29:23 Private Purpose Trust Funds: 35:25 Accounting for Private Purpose Trust Funds: 40:17 Private Purpose Trust Funds (revisited): 40:35 Pension Trust Funds: 46:01 Employer Pension Accounting: 54:03 Reporting for Defined Benefit Pension Plans: 55:53 Statement of Net Assets (illustration): 1:05:46 Statement of Plan Net Position (Illustration): 1:09:36 Statement of Changes in Plan Net Position (Illustration): 1:12:15 Schedule of Employer Contributions: 1:13:14 Schedule of Funding Progress: 1:14:10 Evaluating Defined Benefit Pension Plans: 1:16:12 Employer Pension Accounting - Key Terms (Annual Required Contributions - ARC): 1:18:40 NPO - Net Present Obligation: 1:24:22 Annual Pension Cost: 1:24:27 Schedule of funding progress (Revisited): 1:25:21 Employer Pension Accounting - Key Terms (revisited): 1:28:00 Employer Pension Accounting - Expenditure / Expense: 1:28:54 Other Postemployment Benefits (OPEB): 1:33:47 Managing Investment Trust Funds and Pension Funds: 1:34:04 Polling Questions: 1:35:01 To receive additional updates regarding our library please subscribe to our mailing list using the following link: http://rbx.business.rutgers.edu/subscribe.html
https://wn.com/Government_Non_Profit_Accounting_Accounting_For_Fiduciary_Activities_Agency_Trust_Funds
What is Fiduciary Litigation? Answered as a Short Story

What is Fiduciary Litigation? Answered as a Short Story

  • Order:
  • Duration: 3:59
  • Updated: 20 Jun 2014
  • views: 5544
videos
In this 4-minute funny cartoon video, Gaslowitz Frankel LLC http://www.GaslowitzFrankel.com explains the meaning of the services it provides and how it is valuable to you. Read the full script below: Most of us own things like cars, houses, stock, as well as life insurance or retirement accounts. They are referred to as assets. When we pass away, these assets are known as our estate. Usually, people choose to leave their estate to family and friends. To identify who gets what, they write wills or create trusts. Whoever gets a share of an estate or trust is called a beneficiary. The person appointed to transfer an estate or trust to the beneficiaries is called an executor or a trustee. Meet Nancy Smith and her brothers, John and David. After their mom passed away, Nancy and John helped take care of their elderly father as much as they could. They both lived out of town and had families and full-time jobs. David was single and lived close to their Dad. He did not have a stable job, so Dad helped support him and pay his bills. With age, Dad's memory got worse and he began to rely on David more and more. Eventually, David got their father to sign a power of attorney, which enabled him to authorize Dad's checks and even transfer some of his assets. After Dad died, it turned out that David was named the Executor of the will, so he was responsible for collecting all of Dad's property and distributing his estate to all the beneficiaries. When Nancy and John asked David what was in the estate, he just ignored them. Eventually, David became impossible to communicate with. Though the will appeared to leave the estate to the three of them equally, David said there were almost no assets left at the time of Dad's death. Now, Nancy and John were not only grieving the loss of their father -- they were also alarmed by their brother's secretive behavior. After talking to a friend, Nancy discovered that there was a litigation law firm called Gaslowitz Frankel LLC that specialized in helping people protect their inheritance rights. John's company lawyer mentioned the same law firm as being one of the country's best at solving estate and trust litigation problems. A quick Internet search revealed that Gaslowitz Frankel LLC was selected a Best Law Firm in Georgia in Trust and Estate Litigation, and Adam Gaslowitz and Craig Frankel have been widely recognized by their peers and the media as leaders in trust and estate litigation. Adam Gaslowitz also was listed in the Guide to the World's Leading Trust and Estate Litigators. For over 25 years attorneys at Gaslowitz Frankel LLC have specialized in a very unique area of law -- fiduciary litigation: will, estate, and trust disputes. Nancy and John realized that to have the law work for them, they needed a lawyer who specialized in fiduciary litigation. They called Gaslowitz Frankel LLC and shared their problem with an attorney who listened and understood. They learned that David had a fiduciary duty, a legal responsibility, to them, and that there were laws to protect their inheritance rights. Hiring Gaslowitz Frankel LLC gave them peace of mind and confidence that the best attorneys were protecting their rights. David was forced to account for all of the assets in Dad's estate, though he had already spent some of them. He was also removed as Executor to prevent further losses, and remaining assets were distributed appropriately. While happy with the outcome, Nancy and John regretted not hiring Gaslowitz Frankel LLC sooner, before David had the chance to take advantage of their father. If you ever have a dispute over a will or trust, either as an executor, trustee, or beneficiary, become involved in a contested guardianship or conservatorship, discover an abuse of a power of attorney, or face a business or financial dispute among partners, shareholders, or investors, call Gaslowitz Frankel LLC at 404-892-9797. The sooner you act, the better! For more information visit: www.GaslowitzFrankel.com twitter.com/EstateDispute facebook.com/EstateDispute
https://wn.com/What_Is_Fiduciary_Litigation_Answered_As_A_Short_Story
How Receivership can Protect Values in Matters of Trust & Probate - Fiduciary Broker Vlog #6

How Receivership can Protect Values in Matters of Trust & Probate - Fiduciary Broker Vlog #6

  • Order:
  • Duration: 3:50
  • Updated: 12 Nov 2017
  • views: 6
videos
Hi, I’m Dan Collins – a California licensed real estate broker with expertise in real property matters in Probates and Trusts. I am also a California licensed general contractor and receivership expert.  To learn more about receiverships protecting values, please visit my website: probate-realtor.biz  I want to tell you about how receivers can be useful in difficult trust or probate cases.   Family relationships can sometimes create toxic environments, especially amongst siblings who are beneficiaries to a Trust or ProbateLet’s be truthful here; being asked to act as a Trustee or to administrator probate is a thankless duty that comes with real exposure to risk and liabilities.  In a family dynamic, it is usually the most responsible sibling who is appointed to act and administer a Trust or Probate after a loved one has died.  Usually the person who has stepped up to act as the Probate administrator or, a Trustee, has a family and a job with a full life and not enough hours in a day or week to accomplish everything they need and want in their life. Add to that life situation the burden of being an executor of an estate and you have a recipe for a lot additional stress.  Attorney Mike Hackard of Hackard Law and I have seen these dynamics countless times; stress can cause people to act in ways that are not becoming. In some people, stress can cause a person to become aggressive or emotionally unstable, which can lead to poor decision making.  Beneficiaries do not have a position of strength or leverage when that occurs with the person who is responsible to protect assets for their benefit.  Sometimes they feel they need to seek legal counsel if they suspect the Trustee or Executor is not acting in accordance to trust and, or, the last will and testament of a decedent, especially where legacy assets are involved, such as a business or income property.  When an Estate Executor is acting in ways that obviously are counter-productive to properly run a business or manage an income property, quick action is necessary to protect the legacy asset.   Appointment of a Receiver is an effective and powerful tool to employ in those situations. A Receiver has fiduciary duty to all parties, not just one side. There is no more equitable action than to seek the appointment of a qualified receiver to protect legacy assets.  The Receiver can step in quickly upon the court granting the appointment, assess the operations and make certain the business or the income property is adequately protected with insurance, licensing if necessary, and to create a temporary estate with all the powers of possession to provide an orderly takeover and protect all parties as well as the legacy asset.  The Estate Executor can also benefit from the appointment of a Receiver because it mitigates their exposure to liability if they have deliberately or, inadvertently taken action that if left uncorrected, may result in negative consequences -- such as a monetary judgement if they were not removed from a role which they were not qualified to manage, but were placed in because the decedent named them as the Estate Executor.  I’m Dan Collins, a California licensed real estate broker, general contractor and receivership expert.  To learn more, please visit my website: probate-realtor.biz
https://wn.com/How_Receivership_Can_Protect_Values_In_Matters_Of_Trust_Probate_Fiduciary_Broker_Vlog_6
Cook Islands Trusts - What you need to know

Cook Islands Trusts - What you need to know

  • Order:
  • Duration: 2:31
  • Updated: 19 May 2015
  • views: 1403
videos
Looking to set up a Cook Islands Trust? www.oratrust.com
https://wn.com/Cook_Islands_Trusts_What_You_Need_To_Know
Trust Law - Introduction

Trust Law - Introduction

  • Order:
  • Duration: 8:11
  • Updated: 13 Jan 2017
  • views: 8848
videos
GET THE COMPLETE COURSE FOR $10! - https://goo.gl/9JHgRH If you wish to receive Private Tutoring: http://bit.ly/LawTutoring Recommended Reading: Q&A Equity and Trusts by Mohamed Ramjohn (Kindle Edition) - http://amzn.to/2jBNrt1 Q&A Equity and Trusts by Mohamed Ramjohn (Paperback Edition) - http://amzn.to/2jpbxbg The Law of Trusts by J E Penner - http://amzn.to/2ipTQK6 For complete courses, including Spider Graphs and Case Summaries, visit: English Legal System: http://www.udemy.com/learn-english-law/ Criminal Law: https://goo.gl/N1PM61 Contract Law: https://goo.gl/MBC7A8 Constitutional Law: https://goo.gl/wGcMuF Property Law: https://goo.gl/tGExGJ Tort Law: https://goo.gl/GAhG6p Trust Law: https://goo.gl/9JHgRH Commercial Law: https://goo.gl/r22QDr GET ALL COURSES FOR $50! https://goo.gl/9K5UXs Examination Techniques: ACE Constitutional Law: https://goo.gl/JiHNp7 ACE Contract Law: https://goo.gl/rp4Vh9 ACE Criminal Law: https://goo.gl/swxuCc ACE Tort Law: https://goo.gl/1BLVCe FACEBOOK: http://www.facebook.com/TheLawSimplified GOOGLE+: http://www.plus.google.com/+TheLawSimplified INSTAGRAM: http://www.instagram.com/thelawsimplified
https://wn.com/Trust_Law_Introduction
Trust Education: Fiduciary Investing for Trusts and Estates

Trust Education: Fiduciary Investing for Trusts and Estates

  • Order:
  • Duration: 1:05:15
  • Updated: 18 Mar 2015
  • views: 449
videos
by National Advisors Trust Company, FSB December 2014 - This program will explore the initial and annual investment objective setting and execution related to trusts and estates. Using the Uniform Prudent Investor Act as a guide, we will examine the thought process, considerations, documentation and ongoing review of challenging investment decisions. Topics include: • Concentrations • Initial assets • DelegationFactors to consider
https://wn.com/Trust_Education_Fiduciary_Investing_For_Trusts_And_Estates
Equity & Trusts - Three Certainties: Objects

Equity & Trusts - Three Certainties: Objects

  • Order:
  • Duration: 12:25
  • Updated: 18 Feb 2017
  • views: 4358
videos
Certainty of objects is more about the people who are the beneficiaries of a trust instrument rather than the physical objects that make up a trust. We have to examine the different types of trust: Fixed trusts are simple because they clearly identify the beneficiaries. Fiduciary mere powers give trustees a power without the obligation to actually use that power. As far as the certainty of objects is concerned we have the is or is not test from Re Gulbenkian [1968] but this raises problems around a small percentage of postulants where there is uncertainty. Lord Browne-Wilkinson attempted to resolve this in Re. Barlow [1979] by seeing the benefits as a series of identical, individual gifts. Discretionary trusts are not truly discretionary as they require a trustee to exercise their power. McPhail v Doulton [1975] applied the is or is not test but in Re. Baden (No. 2) [1973] the justices attempted to resolve the uncertainty issue: Sachs LJ: Onus is on the apparent beneficiary Megaw LJ: Trust can still be valid with minor uncertainties Holders of personal powers are not subject to a fiduciary duty and so certainty of objects does not apply; Megarry VC in Re. Hay’s ST [1981]. There are some grey phrases and areas of language worth examining closely: 'Friends' Generally uncertain; Brown v Gould [1972] BUT Re. Baden (No. 2) [1973] 'Customers' Uncertain; Sparfax v Dommett [1972] 'Relatives' Statutory next of kin; McPhail v Doulton [1970] There are also ways of resolving uncertainty: Using experts Re. Tuck’s ST [1978] Rules that set out how to define beneficiaries Re. Wright’s WT [1857] Administratively workable Re. Hay’s ST [1982] There also has to be consideration of partial failure of trusts on grounds of uncertainty: Generally where a trust partially fails the whole trust fails Re. Gulbenkian [1968] Remove the uncertain clause of the instrument Re. Leek [1969] Courts will always try to validate a trust where possible to do so Harman J in Re. Gestetner [1953]
https://wn.com/Equity_Trusts_Three_Certainties_Objects
Chapter 14 Income Taxation of Trusts & Estates

Chapter 14 Income Taxation of Trusts & Estates

  • Order:
  • Duration: 44:42
  • Updated: 07 May 2017
  • views: 1840
videos
Chapter 14 Income Taxation of Trusts & Estates
https://wn.com/Chapter_14_Income_Taxation_Of_Trusts_Estates
Fiduciary Accounting for Estates and Trusts

Fiduciary Accounting for Estates and Trusts

  • Order:
  • Duration: 1:38
  • Updated: 07 May 2016
  • views: 223
videos
https://wn.com/Fiduciary_Accounting_For_Estates_And_Trusts
Your Trust Fiduciary/Trustee—-Friend or Foe??

Your Trust Fiduciary/Trustee—-Friend or Foe??

  • Order:
  • Duration: 4:55
  • Updated: 14 Jul 2009
  • views: 334
videos
Mark Nacol discusses wills and trusts.
https://wn.com/Your_Trust_Fiduciary_Trustee—_Friend_Or_Foe
Trust & Fiduciary Services

Trust & Fiduciary Services

  • Order:
  • Duration: 1:55
  • Updated: 24 Jun 2016
  • views: 141
videos
https://wn.com/Trust_Fiduciary_Services
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