Flip redeposits the money in an irrevocable trust to be used for its real purpose, and shows the police the deposit slip to gain Tony's release.
22.
With respect to an irrevocable trust, a creditor of the settlor may reach the maximum amount that can be distributed to or for the settlor's benefit.
23.
However, when they learn that the assets held in the trust will be included in their estate, they decide to convert it to an irrevocable trust.
24.
"If Tom had purchased the policy outside the plan, he could subsequently have transferred it to an irrevocable trust, " removing it from his estate, Katt said.
25.
Among other things, he arranged to place the ownership of Schibsted in an irrevocable trust that would make it impossible for foreign interests to buy the newspaper.
26.
Because the insurance policies are usually set up in irrevocable trusts, they are tough to undo and premium income should continue, according to an analysis by Best.
27.
An Inter vivos trust is often used synonymously with the more common term Living trust, but an Inter vivos trust, by definition, includes both revocable and irrevocable trust.
28.
His wife, Ann, has family wealth believed to be protected in irrevocable trusts, and the couple have a " sole and separate property agreement " that protects her money.
29.
CEO Christopher Reed and his wife Judy Reed own 19.3 % of all outstanding shares, and family member Robert Reed owns 6.4 % of outstanding shares in an irrevocable trust.
30.
The $ 1 million fine recommended for Ferber won't be paid out of trusts for his wife and children and two irrevocable trusts named as outside consideration, according to the lawyers'agreement.
