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153 ITNS FAQ ENTITY TRUST What is a Settlement Fund under IRC Sec 468B IRS Definition of a Settlement Fund under IRC Sec 468B

What is a Settlement Fund (under IRC Sec 468B)? | IRS Definition of a Settlement Fund (under IRC Sec 468B)

A settlement fund is a fund that’s designed to protect assets that are being distributed during a¬†settlement until it can be disbursed. Consider a legal settlement that needs to disburse $20 million to 2,000,000 individuals. The fund will be able to certify that the assets are there to be disbursed, and will make it easier […]


147 ITNS FAQ ENTITY TRUST What is a Qualified Funeral Trust IRS Definition of a Qualified Funeral Trust

What is a Qualified Funeral Trust? | IRS Definition of a Qualified Funeral Trust

A qualified funeral trust is a special type of trust account meant to¬†pay for an individual’s funeral expenses. An individual can create an arrangement with a funeral home in advance, so that the funeral home has the money for their final expenses, but these funds are expressly held aside. Otherwise, it would be too easy […]