An irrevocable trust is a trust that cannot be modified or terminated without the permission of the beneficiary. In most states, a trust will be deemed irrevocable unless the Trustor specifies otherwise. Once the Trustor has transferred assets into the trust, s/he has no rights of ownership to the assets and the trust. Irrevocable trusts are preferred because it removes all incidents of ownership, thereby effectively removing the trust's assets from the grantor's taxable estate. The Trustor is also relieved of the tax liability on the income generated by the assets. This is the opposite of a "revocable trust", which allows the Trustor to modify the trust.
A Pot Trust is a trust set up for more than one beneficiary, typically children. The purpose of a Pot Trust is to keep the funds in one pot until a later event. For example, at the death of the parents, the assets may be kept in one pot until all the children have graduated from college or reached age 21.
Jacksonville Florida Irrevocable Pot Trust Agreement
Category:
State:
Multi-State
City:
Jacksonville
Control #:
US-13230BG
Format:
Word;
Rich Text
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Jacksonville boasts the largest urban park system in the nation, it is 4x the size of the island of Manhattan! 80,000 acres of parks, including 405 City Parks, 7 State Parks, 2 National park sites and an Arboretum. The Timucuan Ecological and Historical Preserve, covers 46,000 acres. It's Always Sunny . . . in Jax.
With a rich history and diverse cultural scene, Jacksonville is known for its museums, art galleries, and lively music festivals. The city's extensive park system, including the stunning Timucuan Ecological and Historic Preserve, provides ample recreational activities and exploration opportunities.
History Facts Jacksonville It was initially known as Cowford. A large portion of Jacksonville was occupied by Timucuan Indians before colonization. At the mouth of the St. Johns River in 1562, French Huguenot settlers landed and later built Fort Caroline.
Jacksonville, FL Located in Duval County, the seaport city of Jacksonville is the largest city in Florida by overall population and land area.
Q: Is Jacksonville, Florida, a good place to live? A: Jacksonville, Florida, is a great place to live if you're looking for a reasonable cost of living, plenty of beach access, a southern feel, and a new home in the Sunshine State.
Boasting 22 miles of beaches, Jacksonville, on Florida's northeast coast, is a city of diverse neighborhoods with a top-notch arts and culture scene, unbeatable food, and a wide variety of family-friendly attractions, parks, and nature preserves. Jacksonville Florida - Top Things to Do visitflorida.com ? places-to-go ? northeast visitflorida.com ? places-to-go ? northeast
With a rich history and diverse cultural scene, Jacksonville is known for its museums, art galleries, and lively music festivals. The city's extensive park system, including the stunning Timucuan Ecological and Historic Preserve, provides ample recreational activities and exploration opportunities.
A: Jacksonville, FL, is known for its fresh seafood, especially shrimp and fish. The city is also famous for its Southern-style cooking, including fried chicken and barbeque.
