Has any of the tax experts in this forum heard of something called "Indenture Trust" before? Or something whose name is close to that and it is related to estate planning?
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Last edited by NotEasy; 04-13-2013, 12:08 PM. -
Trust
It may be just an alternate name for a trust agreement. If it is related to estate planning, then it may be a revocable living trust.
The terminology may vary a bit from state to state.
For example, in some states a mortgage is frequently referred to as a deed of trust.
I don't think that's what your client is referring to. But it is an example of how certain terms are used in certain parts of the country, depending on how the state law is written...
BMKBurton M. Koss
koss@usakoss.net
____________________________________
The map is not the territory...
and the instruction book is not the process. -
I do not believe this is a trust such as the ones we encounter in the tax preparation business. It apparently has to do with a bond issuer and a bondholder, and may be covered under the Trust Indenture Act of 1939. How did this come up?Originally posted by NotEasy View PostComment
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