Federal tax table 2002
In many cases the person creating the trust also serves as trust protector. federal tax table 2002 Tax laws. However, "anti-duress" provisions give the foreign trustee the right to remove the settlor from the position of co-trustee or trust protector. A recent case in Nevada shows just how dicey these trusts can be. A husband and wife (the defendants) became involved in a telemarketing venture. federal tax table 2002 Ir-spectroscopy. They had created an asset protection trust in the Cook Islands. It was believed that their profits from the telemarketing venture flowed into that trust. The Federal Trade Commission commenced action against them after investors in their venture claimed to have lost considerable amounts of money. federal tax table 2002 New york state tax forms. The district court issued a temporary restraining order and a preliminary injunction, which required the defendants to repatriate any assets held for their benefit outside of the United States. The defendants then instructed the Cook Islands trustee to comply with the preliminary injunction. At this point, the trust worked as was intended. The Cook Islands trustee removed the defendants as trustees and refused to repatriate the assets. The court countered by holding the defendants in civil contempt. The defendants appealed, claiming that it was impossible for them to comply with the court''s order. The 9th Circuit affirmed the district court.
Federal tax table 2002
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