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- Title
THE "FIXED-INCOME," "ANNUITY" AND "MODERNIZED" TYPES OF TRUST.
- Authors
CARPENTER, H. G.
- Abstract
The article focuses on the types of trust including "fixed-income" trust, "annuity" trust, and "modernized" trust. It states that "fixed-income," "annuity," and "modernized" type of trust provide for stipulated payments to the life tenant, and all are slightly different from each other. It also states that "Fixed-Income Trust" envisages a trust of a size so that the earning can vary from year to year. An "annuity trust" implies a reduction of principle amount year by year. Further it states that the term "Modernized Trust" conception envisages the purchasing power preservation method of investment management.
- Subjects
TRUSTS &; trustees; COMMERCIAL trusts; INVESTMENTS; TRUST companies; ECONOMIC indicators; CHARITABLE giving; FIDUCIARY liability; TRUST accounts; ESTATE planning
- Publication
Law & Contemporary Problems, 1938, Vol 5, Issue 3, p368
- ISSN
0023-9186
- Publication type
Article
- DOI
10.2307/1189546