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There's nothing illegal about this, and in fact most U.S. states require funeral homes to invest 70% or more of the proceeds in a trust account or insurance policy that can be drawn upon only when the customer dies.
FORBES: Buried Trouble
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In return, Grandma, who had funded the original account, doubled the money in his new trust.
FORBES: Hoist By Your Own Petard
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Those sales have also led to problems when tax investigations showed Khoza had put the proceeds of the 1996 sales of Mark Fish and Helman Mkhalele to clubs in Europe into a trust account rather than that of the club .
BBC: SPORT | Football | African | Who is Irvin Khoza?
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Money or Cheque Directly you can deposit in SUDAR Academy and Charitable Trust Account.
FORBES: The Election's 40 Biggest Billionaire Donors (And Why The Kochs Are Missing)
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If a child left care, the money in their account would be frozen and transferred into their Child Trust Fund when they became 18.
BBC: NEWS | UK | Education | Money idea for children in care
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Theoretically, Japan has enough savings to do this but in practice the savings don't get intermediated through the banking and life insurance companies and the trust fund bureau and the post office savings account in sufficient quantities to buy these bonds.
CNN: ASIANOW - Asiaweek
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Any shortfall from the 8% is booked in a "make-up" account the donor can draw on later, if the trust has excess income over 8% .
FORBES: The new giving game
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The U.S. Person owns more than 50% of the present beneficial interest in assets or income of a trust, and the trust owns the foreign financial account.
FORBES: IRS Issues Final FBAR Regulations and Revised FBAR Form
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In addition, those declarations say Greene had frequently failed to sufficiently fund his trust account to pay invoices for work done on his properties, and that Greene also accused LRA Property officials of stealing money.
FORBES: Magazine Article
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In short, European countries must surrender much economic sovereignty before Germans will trust them to share their bank account.
ECONOMIST: Charlemagne
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You must on no account miss the compelling second half with the best ensemble playing you will ever see, by a company whose trust in their director is both total and well-founded.
WSJ: Review: A Masterful Staging of 'Margarita' | 'The Master and Margarita' at the Barbican in London