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

Assignment Help:

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.


Related Discussions:- Division of the trust-trusts laws and accounts

Please explain why, The following data has been taken from the management a...

The following data has been taken from the management accounting reports from Spinnaker Sales. Div A -Income from operations $1,800,000 Total service department charges $1,600,000.

Expected opportunity loss decision criterion, The construction manager for ...

The construction manager for Acme, Inc. must decide whether to build single-family homes, apartments, or condominiums. She estimates annual profits will vary with the economy, as f

What would be the money multiplier, The SIMPLEX financial system is charact...

The SIMPLEX financial system is characterized by a required reserves ratio of 11 percent; initial excess reserves are $1 million, and there are no currency or other leakages. a.

Recieving order., 1.The debtor retains ownership, but loses possession and ...

1.The debtor retains ownership, but loses possession and control of his property

Bookkeeping, #explain the accounting cyclequestion..

#explain the accounting cyclequestion..

Sales, what is recorded sales on account of 3,280

what is recorded sales on account of 3,280

#title Accounting.., The business changed their policy with regards to the ...

The business changed their policy with regards to the profit mark-upfrom 2018 to 2019 financial year. What was the changed.

Statement of surplus capital-partnership, Statement of surplus capital ...

Statement of surplus capital v\:* {behavior:url(#default#VML);} o\:* {behavior:url(#default#VML);} w\:* {behavior:url(#default#VML);} .shape {behavior:url(#default#VML

Risk and return - issue of debt, Q. Risk and Return - issue of debt? Ra...

Q. Risk and Return - issue of debt? Raising debt finance will raise the gearing and the financial risk of the company while raising equity finance will lower gearing and financ

What type of an asset is goodwill, What kinds of risks does a firm like Ama...

What kinds of risks does a firm like Amazon.com face with respect to safeguarding its assets? What types of controls do you think it already has in place to minimize these risks? G

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd