35 Burst results for "Trustee"

"trustee" Discussed on The Crypto Overnighter

The Crypto Overnighter

07:42 min | 1 d ago

"trustee" Discussed on The Crypto Overnighter

"Here, encrypted, it's 10 p.m. Pacific time, my name is nicodemus and welcome back to the crypto overnighter, where we take a nightly look at the crypto NFT and metaverse space, and keep in mind nothing in this show should ever be considered financial advice. It's Friday, December 2nd, 2022, and welcome to the weekend. You made it. Now let's go. The United States trustee handling FTX bankruptcy proceedings has referred to the now defunct exchange as they quote fastest big corporate failure in American history. And so now they're calling for an independent investigation into its sudden downfall. In a December 1st motion U.S. trustee Andrew varra noted that over the course of 8 days in November, the value of the company's assets quote suffered a virtually unprecedented decline. Now this is from a market high of $32 billion earlier this year to a severe liquidity crisis following a run on the bank. Vara has called for an independent examination of FTX stating that it is, quote, especially important because of the wider implications that FTX has collapsed may have for the crypto industry. An independent examiner has been called in to investigate the bankruptcy. This type of examiner is typically brought in when it is in the interest of creditors or when unsecured debts exceed $5 million. Independent examiners have been called in other high profile bankruptcy cases like Lehman Brothers and more recently Celsius as part of its ongoing chapter 11 case. Now you can calling for the independent examination of FTX, the U.S. trustee handling the case stated quote the questions at stake are simply too large and too important to be left to an internal investigation. So in a motion filed on December 1st, the trustee argued that the appointment of an examiner, which requires the approval of the judge, would be in the interest of customers and other interested parties. The examiner would be able to quote investigate the substantial and serious allegations of fraud, dishonesty, incompetence, misconduct, and mismanagement by FTX. Now this motion also suggests that the examiner could look into the circumstances, surrounding FTX collapse. The movement of customer funds off the exchange and whether entities that have lost money on FTX can claim back those losses. The U.S. trustee has acknowledged that some parties may be concerned about the costs and potential overlap with the company's internal investigation. But has emphasized the importance of appointing an independent examiner to investigate the company's sudden collapse. In related news, the U.S. attorney's office and the SEC have reportedly sent requests for information to investors and firms that work closely with FTX. The authorities have not yet made any charges, but appeared to be closely investigating the former exchange. And so now let's take a look at Asia because FTX Japan is hoping to restart withdrawals after its parent company, FTX approved a plan to return deposits. If this plan is successful, Japanese users of the collapsed crypto exchange could be among the first to get their money back. Withdrawals from FTX Japan were suspended on November 8th after local financial regulators ordered the exchange to halt services. Now three days later, FTX trading limited, the global enterprise founded by sbf filed for chapter 11 bankruptcy protection in the United States. And so they announced on its website that they have received approval from the management team at FTX trading to restart withdrawals. This, according to the notice, the exchange was able to confirm with its bankruptcy lawyers in the U.S. that the Japanese customers funds quote should not be part of the FTX Japan's estate given how these assets are held and property interests under Japanese law. Now this exchange has been working on the plant to restart withdrawals for the last two weeks. Now apparently they have already begun work on the plan to restart withdrawals and its engineering teams are working to make this possible. Now the notice also states that the exchange will incorporate controls, security audits, reconciliations, and reviews to establish a robust and secure process for withdrawals. FTX Japan will also publish information about customer assets held in segregated wallets and trust accounts each Monday. The notice also says they exchange aims to provide additional information regarding the resumption of withdrawals for its users in the near future. Now from Japan, let's go to Thailand because we have some central banker news for you. Central Bank governors from around the world are currently in Thailand for a conference hosted by the bank of Thailand and the bank for international settlements. This conference is focused on the role of central banks in the face of evolving financial technology and a panel discussion on digitized money systems included discussions about the rise of digital assets and Central Bank digital currencies, as well as the risks associated with these technologies. Eddie U is the CEO of the Hong Kong monetary authority. And he discussed the innovations and benefits of blockchain technology, as well as the potential impact on central banks. He noted that in the long term, CDC's and stablecoins could offer a more efficient and cost effective way of conducting transactions, but stressed that there are risks associated with any new technology. You said that regulators should focus on off chain activities related to blockchain technology, such as regulating virtual asset exchanges rather than trying to mitigate on chain risks. He also revealed that the Hong Kong government is working on regulations for the stablecoin industry, that align with international consensus. We can start with regulating off chain activities like regulating virtual asset exchanges. Hong Kong will soon introduce not just AML aspect, but also investor protection. On the other hand, Chang Yang re, governor of the bank of Korea was less optimistic about the future of blockchain technology in the monetary sector. And so he cited the recent failures of Tara Luna and FTX quote I was more positive before, but after seeing the Tara Luna and now FTX issues, I don't know if we will see the real benefit of this new technology. At least for monetary policy. And from Thailand, it is a hop over to Singapore, because there are some developments in the three arrows capital saga. Teneo is the New York based liquidation firm appointed by a British Virgin Islands court to handle this bankruptcy. Well, they have seized $35.6 million from the bank accounts of three arrows capital. This marks the largest amount of money recovered since three arrows capital imploded in July, leaving behind $3.5 billion in debt. This seizure was made three months after ten year old received permission from Singapore's high court to begin investigating the firm's assets in the country. And so it wasn't a court hearing on Friday, liquidators reported that they had recovered $2.8 million from forced redemptions of investments, as well as an unspecified number of crypto and NFTs. The task of locating and preserving the remaining assets of three arrows so that they can be returned to investors has been made more difficult by the uncooperative behavior of the hedge funds founders, Kyle Davies and suzu, according to teneo. In fact, the liquidators have expressed frustration with the founders lack of cooperation, stating that they have only had limited communication with them in their lawyers. In a court hearing today, the liquidators pointed

U.S. FTX Andrew varra Japan FTX trading limited Vara Lehman Brothers Tara Luna Thailand sbf Eddie U bank of Thailand SEC Hong Kong government Hong Kong monetary authority Chang Yang Asia Central Bank
What's Next for Republicans After Midterm Mess?

The Hugh Hewitt Show: Highly Concentrated

02:01 min | Last week

What's Next for Republicans After Midterm Mess?

"Byron. Do you think people are going to line up to jump on a bandwagon among activists and donors? Well, there are a lot of them who do not want president Trump to either run or to win the Republican nomination. So does that mean they're going to jump on somebody else's bandwagon? I don't know. I do believe at the moment the governor of Sanders is far, far ahead of anybody else. So I think it's entirely possible. Yeah, people will actually actively support candidates in this. That will be the money primary is always important. The consultant primary is underway. I think now let me go to the RNC. It's a unique electorate, a 168 members of the Republican National Committee elect their chair. I like ronna mcdaniel. I think she's done a fine job as chairwoman for four years, and I don't like changing chair people because they ought to be a ministerial offices, not executive offices. In other words, I'm going to be a trustee for the party and running our operations between now and 2024. It's two years away. What do you think? Is she going to win reelection and do other candidates think she will be fair? Because she's awfully close with Donald Trump, but I also think she's very fair. Well, you know, I think it's not simply administrative or ministerial at all. The RNC does make policy. Remember the ill fated autopsy after Mitt Romney's laws. You're the only one, Byron, but go ahead. You're right. Reince priebus was chairman of the RNC at that point. And they went into a lot of them thought, I think I thought illogically, but they thought that Mitt Romney is going to be able to beat the incumbent president and when he didn't, they had this autopsy and said, we're never, ever. This is simply an operations review that we're making. We're not going to suggest policy in the immediately come out and so they have to support comprehensive immigration reform. So it was a disaster all the way around.

RNC President Trump Ronna Mcdaniel Byron Sanders Reince Priebus Mitt Romney Donald Trump
Kyle Mills Discusses His Newest Thriller "Oath of Loyalty"

The Hugh Hewitt Show: Highly Concentrated

01:19 min | 2 months ago

Kyle Mills Discusses His Newest Thriller "Oath of Loyalty"

"You know that Kyle mills has been a guest for many years since he took over the amazing legacy of Vince Flynn. Here's the brand new book oath of loyalty. Kyle mills is back to talk about the loyalty. Good morning Kyle, how are you? I'm good. Thank you. It is great to talk to you again. This time you're bringing out a Vince Flynn book and a Mitch rap book in the middle of the election season. So we have to do one segment on the air and not our normal two, but we'll sell this book anyway. It doesn't need much help. I want for people who are new to the show. I just picked up new stations all over the country, especially in Maine and New Hampshire. Would you tell them how you came to become the trustee of the Vince Lin legacy and how oath of loyalty is? I think you're 8 Vince Flynn, Mitch rap book. Am I right? Yeah, it is. It is the ape. Yeah, well, when Vince passed away, the family thought about, you know, whether they wanted the series to continue and whether fans wanted the series to continue. And I think overwhelmingly, people love the character, they loved Vince. And they wanted to see his legacy live on. So they went out and talked to some authors and I had been a big fan of Vince's my entire life and had written a lot of my own books. And I got lucky and ended up with the job. It's

Vince Flynn Kyle Mills Vince Lin Mitch Rap Kyle Mitch Vince New Hampshire Maine
Uvalde school board fires police chief after mass shooting

AP News Radio

00:47 sec | 3 months ago

Uvalde school board fires police chief after mass shooting

"Ivaldi's embattled school police chief has been fired I'm Lisa dwyer with the latest The authority school districts embattled police chief has been fired following allegations that he made several critical mistakes during a mass shooting that left 19 students and two teachers dead the district's board of trustees voted to dismiss chief Pete arradondo who has faced criticism since the May 24th massacre at rob elementary school in a valdi Texas officers armed with rifles waited in a school hallway for more than an hour while the gunman carried out the shooting a redondo has tried to defend his actions telling a Texas House committee that he did not consider himself to be the incident commander in the scene State police in a damning investigative report in July had criticized the police chief for failing to take charge of the scene not breaching the classroom sooner and wasting time by

Ivaldi Lisa Dwyer Chief Pete Arradondo Rob Elementary School Board Of Trustees Texas House Committee Redondo Texas State Police
Congresswoman, billionaire to face off in LA mayor's race

AP News Radio

00:59 sec | 6 months ago

Congresswoman, billionaire to face off in LA mayor's race

"A developer and a congresswoman will face off in the Los Angeles mayor's race in November I love LA Rick Caruso thanks supporters as he acknowledged he was running ahead of other candidates in the Los Angeles mayor's race the billionaire Republican who turned Democrat for this campaign is a CEO of a real estate company has served on police and utility commissions and chairs the board of trustees at USC Caruso advances to a November runoff against the next highest vote getter congresswoman Karen Bass a progressive who was on President Biden's short list for vice president she worked in the medical field before eventually becoming the first black woman elected speaker of the California assembly They want leadership who is bound tested mission driven and who always likes her LA failures Audio courtesy KTV Fox 11 news The race largely focused on homelessness and crime We can make this city the city of our dreams We can solve homelessness We can curb crime We can put city hall back in the service of people I'm Jennifer King

La Rick Caruso Usc Caruso Los Angeles President Biden Karen Bass California Assembly FOX Jennifer King
Social Security fund will be able to pay benefits one year longer than expected, Treasury says

AP News Radio

00:32 sec | 6 months ago

Social Security fund will be able to pay benefits one year longer than expected, Treasury says

"The go broke dates for a social security and Medicare have been pushed back The annual trustees reports for the two retirement programs say social security will be able to pay full benefits until 2035 That's a year longer than last year's estimate The projected depletion date for Medicare is trust fund for impatient hospital care move back two years from last year's forecast to 2028 The report says a stronger than expected economic recovery from the pandemic has had a positive impact

Medicare
 Kremlin critic Browder urges squeeze on oligarchs' enablers

AP News Radio

00:54 sec | 6 months ago

Kremlin critic Browder urges squeeze on oligarchs' enablers

"Kremlin critic Bill browner wants governments to step up efforts to get to the riches squirreled away by Russian oligarchs and linked to president Vladimir Putin at the World Economic Forum in Davos browder told the AP the oligarchs have lots of money right in front of our eyes Since Vladimir Putin took power he and the thousand people around him have stolen a $1 trillion from the Russian state The early investor in post Soviet Russia says oligarchs aren't naive They've set up structures to protect themselves browder's idea to force the people who set up these structures The enablers the lawyers the accountants the trustees under law to become whistleblowers to the government There are sanctions against oligarchs but browder says it's only scratching the surface There's only 35 oligarchs out of a 118 who are on the Forbes list who have been sanctioned by the either the U.S. EU UK

Bill Browner Browder Vladimir Putin World Economic Forum Davos AP Russia Forbes U.S. UK
"trustee" Discussed on Fading Memories: Alzheimer's Caregiver Support

Fading Memories: Alzheimer's Caregiver Support

05:15 min | 8 months ago

"trustee" Discussed on Fading Memories: Alzheimer's Caregiver Support

"The big bank trust departments, they will serve as a trustee. And they'll usually charge something like 1%, 1.25% of the value of the trust as their fee. It depends. So that's one way of looking at it. Most family member trustees, they don't have the same knowledge and ability that bank trustee would have. So they probably shouldn't charge that much. Part of the thing about having a professional trustee like a bank, you're not paying a lot of lawyers fees. When we are working as the attorney for a family member trustee, they need us a lot. They need a lot of help from us because they don't know what they're doing. And that's normal. That's to be expected. But a professional trustee, they know what they're doing. They hardly, they hardly use us at all. They'll pop in and out and say, I need you to do this. And they actually tell us what to do. I need you to do this because this is a legal document. And then they go away, and so family member trustees, you can't you probably can't charge that full 1% or 1.2% because you probably aren't worth it. That's a lot of money if you got like my dad, my parents trust had investment accounts and the proceeds from the house and it was, you know, there wasn't a chop change. And 1% is, you know, I wouldn't have wanted to pay my sister 1%. No, you wouldn't. And so the other thing about the trustee getting paid to do their work is that's income. That's ordinary income you have to pay. Taxes on it. So if you can instead of charging a fee, you get a bigger inheritance, maybe that's worth it. You don't want to because inheritances are not income. You don't declare them. It is true. You don't pay taxes. Do you find that most of your family trustees don't charge the trust for their time? I would say most, but it's very common for a trustee to charge something. Nobody else knows how much work it is. And what I will say, this is, it's very common that in the beginning, they'll say, oh, I'm not going to charge. I'm not going to charge. It's my sister and brother. I'm not going to charge them. And I say, okay, that's fine. But do me a favor. Just keep track of your hours anyway. And when we get to the end, let's look at that. And you then decide, are you going to charge? Are you not going to charge? And if you get to the end and you put 500 hours into this work, maybe you're going to feel okay about charging a little bit..

"trustee" Discussed on Fading Memories: Alzheimer's Caregiver Support

Fading Memories: Alzheimer's Caregiver Support

04:54 min | 8 months ago

"trustee" Discussed on Fading Memories: Alzheimer's Caregiver Support

"Now, when you are the trustee and the sole beneficiary, like your sister, you and your sister, you're the trustees and the beneficiaries. You don't have to produce an accounting to each other. You're living the accounting. You know what happened? But if there's anybody else besides you, you got to share all this information with them. In writing, you say, this is where we started. This is what came in. This is what went out. And now here's what's left and here's what your share of what's left is going to be. And the beneficiaries if they don't like your accounting. So one thing trustees get paid. Now, you and your sister, you're not going to pay yourselves to be the trustee because that's coming right out of your tents. It doesn't make any sense. No. But if you're the one, let's say you have four siblings, you're the only trustee. You're doing all the work. You are entitled to get paid for that work. So that's part of your accounting. You're going to tell the beneficiaries. Here's what's left and I'm taking this much of it for my fee as the trustee. And the beneficiaries are entitled to know that. And they can also object to that. And that's what the probate court is for. Yeah, I mean, so you want to be reasonable. That's what you're entitled to is reasonable compensation. That's the attorney's favorite word in the world reasonable. Because it's not a very specific definition either. There's a lot. So you could set your own fee. I thought there was like a chart the trustee sets their own fee and there are, you can get guidance from your attorney about what generally is considered reasonable in your situation in your community. The big bank trust departments, they will serve as a trustee. And they'll usually charge something like 1%, 1.25% of the value of the trust as their fee. It depends. So that's one way of looking at it. Most family member trustees, they don't have the same knowledge and ability that bank trustee would have. So they probably shouldn't charge that much. Part of the thing about having a professional trustee like a bank, you're not paying a lot of lawyers fees. When we are working.

"trustee" Discussed on Fading Memories: Alzheimer's Caregiver Support

Fading Memories: Alzheimer's Caregiver Support

03:30 min | 8 months ago

"trustee" Discussed on Fading Memories: Alzheimer's Caregiver Support

"But it could be interpreted absolutely badly. And I get that. And I'm like, I probably shouldn't have done that, but oh, well, too late. You know, they might have a different opinion. They will have a different opinion because their life circumstances are different. And you should just ask anyway, even though it's going to annoy the crap out of you. Well, you kind of have to you have to weigh it. Is this a small enough thing that even if she disagrees with my choice, it's not going to be a big deal. Or is it kind of big enough I probably should give her a heads up. So it's a balance. It's a balance. But when you are a trustee, you have what we call a fiduciary duty to put the interests of the beneficiaries ahead of your own, even if you are a beneficiary. You have to think about everybody. And do what's right for everybody. So I would say most most of our clients get that right away. But once in a while, we have a client that we have to keep reminding them. No, this is not your money. You have to. You have to do the right thing. And you have to let everybody know what you're doing. You don't get to just go off and do things. So the final piece, after you've paid all the bills, paid all the taxes and now you have what's left, maybe it's a big bank account or a bank account and an investment account, you have to produce an accounting to your beneficiaries. Now, when you are the trustee and the sole beneficiary, like your sister, you and your sister, you're the trustees and the beneficiaries. You don't have to produce an accounting to each other. You're living the accounting. You know what happened? But if there's anybody else besides you, you got to share all this information with them. In writing, you say, this is where we started. This is what came in. This is what went out. And now here's what's left and here's what your share of what's left is going to be. And the beneficiaries if they don't like your accounting. So one thing trustees get paid. Now, you and your sister, you're not going to pay yourselves to be the trustee because that's coming right out of your tents. It doesn't make any sense. No. But if you're the one, let's say you have four siblings, you're the only trustee. You're doing all the work. You are entitled to get paid for that work. So that's part of your accounting. You're going to tell the beneficiaries. Here's what's left and I'm taking this much of it for my fee as the trustee. And the beneficiaries are entitled to know that. And they can also object to that. And that's what the probate court is for. Yeah, I mean, so you want to be reasonable. That's what you're entitled to is reasonable compensation. That's the attorney's favorite word in the world reasonable. Because it's not a very specific definition either. There's a lot. So you could set your own fee. I thought there was like a chart the trustee sets their own fee and there are, you can get guidance from your attorney about what generally is considered reasonable in your situation in your community..

"trustee" Discussed on Fading Memories: Alzheimer's Caregiver Support

Fading Memories: Alzheimer's Caregiver Support

05:00 min | 8 months ago

"trustee" Discussed on Fading Memories: Alzheimer's Caregiver Support

"And so the trustee kind of I don't want to say drops the ball, but they just skip busy, and they don't do things as quickly as the other children wish they would. This is where it gets problematic. Is the other siblings are sitting there Tapping their fingers and going, I could be putting that new patio in my backyard right now if I had that money, what's taking so long. So that happens a lot, but there are also people who are, you know. Not nice people. And they will get their hands on the money they're going to play fast and loose with it. So what people need to know is that beneficiaries, if you're a trust beneficiary, are you do have rights? And one of the really important rights is you have a right to know what's going on. And if you're, let's say your sister is the trustee. Your sister's the trustee. And it's been a year since your mom died. You still don't have your money. You need to ask questions. Do you need to get in there and say, what's going on? When am I going to get my money? What are you doing? And you are entitled to be kept informed all the way along. You are entitled to a full accounting. In other words, the trustee produces on paper, this is what I started with. This is the money that came in. This is the money I had to spend, and this is what's left. You're entitled to that at least once a year, at least once a year. After someone dies most trust, you can finish them up in a year. Not all, sometimes take longer. But we did ours time to think. I think we did Lars, my mom, so my sister and I were co trustees and the beneficiaries. There weren't any other beneficiaries. So a lot of this transparency that happened, but didn't happen the way you're discussing it probably because we were, I mean, we all had access to everything, so we didn't. We didn't formalize anything and maybe we should have because she and I don't agree on anything. But my mom died March 31st, 2020. We sold her house in July, and I think we definitely finished the estate before the end of 2021 or 2020, excuse me..

Lars
"trustee" Discussed on Fading Memories: Alzheimer's Caregiver Support

Fading Memories: Alzheimer's Caregiver Support

05:19 min | 8 months ago

"trustee" Discussed on Fading Memories: Alzheimer's Caregiver Support

"To wait for a judge. We don't have to do all these public things. But it's the basic, basically the same process. You've got to let everybody know you got to gather up the assets. You got to figure out what they're worth, figure out who gets what? And I can picture when you were talking about gathering up all the assets. And I could just picture this person miserly hiding all these details and not telling people and I don't know why I had this goofy cartoon go through my head, but yeah, it's well. I can see that happening in some families. And it does. And it probably doesn't happen that often, but we see it a lot. We do see it a lot. And it's so sometimes it's the trustee, the trustee's job is big, and it's a lot. And you did the trustee job for your parents. You had your own job. You were working. And you're doing that job. So a lot of times it's just that there's not enough hours in the day. And so the trustee kind of I don't want to say drops the ball, but they just skip busy, and they don't do things as quickly as the other children wish they would. This is where it gets problematic. Is the other siblings are sitting there Tapping their fingers and going, I could be putting that new patio in my backyard right now if I had that money, what's taking so long. So that happens a lot, but there are also people who are, you know. Not nice people. And they will get their hands on the money they're going to play fast and loose with it. So what people need to know is that beneficiaries, if you're a trust beneficiary, are you do have rights? And one of the really important rights is you have a right to know what's going on..

"trustee" Discussed on Fading Memories: Alzheimer's Caregiver Support

Fading Memories: Alzheimer's Caregiver Support

04:58 min | 8 months ago

"trustee" Discussed on Fading Memories: Alzheimer's Caregiver Support

"I need you to run the day to death values on all these stocks in my Schwab account. But for a real estate, you're going to have to get appraisals. You will hire an appraiser and they'll give you date of death values. So you want to as trustee have all of those values calculated. And then you got to pay the debts of the decedent you pay the creditors. Sometimes more money comes in as you're doing your job, they might have prepaid something and they get a refund or they die and they get a refund on their health insurance or something. Money does come in, you got to keep track of all of that. And you keep track of everything you spend money on. And there's work. If there's a house, guess what? You got clean that thing out. You can hire people to help you. You don't have to be the one who goes in there every Saturday and until it's done, but you're going to have to do that if you want to put it on the market and then sell the real estate if that's what you're going to do. You just take care of all these things. It's important as a trustee, here's your overarching thing is even if you're also a beneficiary. If you also are going to get part of this inheritance, your job as trustee is paramount and you are doing what's in the best interests of all of the beneficiaries. They're interests have to come first. So you got to take care of these assets if it's a house, you got to keep you got to make sure the mortgage keeps getting paid. You got to make sure that homeowners insurance keeps getting paid. The HOA, whatever you got to pay the gardener if that's necessary in order to keep things as they should be. Don't let the yard die if you're going to sell the house. If you're going to sell the house a dead yard is not a good thing. So those kinds of things, those are expenses of your administration and the trust will pay for them. But you're the one who has to do that stuff. You've got to take responsibility and make sure everything goes as it should until you can sell that house. If that's the plan. Now, maybe that isn't always the plan. Maybe one of the beneficiaries wants one of the houses or maybe the trust says, this beneficiary gets this house. One of your most important jobs is follow the trust document. Do what it says. And follow the law, and that's where consulting with an attorney comes in..

Schwab
California Threatens to Hold BLM's Leaders Personally Liable Over Missing Financial Records

The Trish Regan Show

02:07 min | 10 months ago

California Threatens to Hold BLM's Leaders Personally Liable Over Missing Financial Records

"Speaking of money my gosh lack lives matter money situation seems to be catching up with these folks over there. You know, the buying a lot of real estate. Have you noticed that? For people that are a bunch of socialists and communists and marxists, the kind of seem to like real estate and kind of seem to like the good life. Anyway, word today that the California Department of Justice is threatening to hold the leaders of Black Lives Matter, accountable, personally liable, by the way, for the missing $60 million. In donations, apparently there's like $60 million that hasn't been accounted for. So the DoJ, they're in California is giving them 60. I'm impressed. I gotta say, you know, California. It is what it is. And I used to live there, believe me. I know how liberal it is and how crazy it is. So you've got to give the California DoJ extra special stars, right? Gold stars for going after a group that was seemingly untouchable. Anyway, so 60 days they have to come forward with the record surrounding $16 million in donations, or they could have their tax exempt status revoked. In other words, this is really a charity. Or is this charity so that, you know, some of the owners of the quote unquote charity, the principles in this charity can benefit and line their pockets and buy fancy new houses. They could also face fines for each month or partial month for which the reports are delinquent. They said the directors, the trustees, the officers, and the return preparers could all be liable here. They could all face penalties interest and other charges incurred to restore exempt status. In other words, if you're saying your charity, you got to actually be a charity. You can't be just, you know, a charity that says they're doing all this stuff. And then takes the money and goes and buys fancy houses and I'm not saying that happened. But gosh, there's an awful lot of real estate, which has come to

DOJ California Department Of Justi California
"trustee" Discussed on WGN Radio

WGN Radio

03:45 min | 11 months ago

"trustee" Discussed on WGN Radio

"We just opened a new park we've spent some years on the trustees had that lined up before I got back on a year and a half ago So it's a real nice park It's going to have ball diamonds and it's actually crick So there's walks in the Woods that is what we just opened up So that is a real positive for the village Last night we had an open house there's 5 different governmental bodies Manuka is one of them Shannon's another we're going to put a bridge over the new page under manuka Shannon black top I think you know where that is I do So that will tie in to the top path so if your legs are in good shape you could write from a past LaSalle Peru and down to hennepin without having to get off the way where you might have to get off once in a while I think that's a good investment I think that not only is that LaSalle Peru area kind of pretty this rivers out there where you have the fox and the Illinois river heading out that way right I think that's money well spent especially this day and age when people really do want to kind of get out do you see kind of an exodus from Chicago are more people heading out that way Well we had quite a surge a few years ago but we're still having some additions and I'm not sure where everybody is coming from but you consider when I first moved to town the first time in 1956 we had 350 people Wow So it's not the same little town that it used to be Yeah Now it's still a pretty good town Got a good football team out there usually don't you Yes it's a gone through a lot of stages but lately we've done really well And we're proud We can have some good kids and good schools We're very fortunate that way Yeah Well listen if I can ever do anything for the folks by the way I grew up saying manuka Oh and I hear my Friends though correct me every now and then it's how do you say am I okay I am glad you asked that question because it's a controversy I graduated in 62 from one of the high school I had one of my classmates was really adamant It's new after they had been at the end was announcement would be much so you got to get that I don't know if that's long or not I can't remember my English but it's not well I really that's the way I said it and then I got family out there now and they said boy uncle John you're saying it wrong but I've got the mayor on my side on this one So you and I just keep moving okay You bet Well listen I let you go Rick Remember we're here in Chicago but we get out your way every now and then if we can do anything to help the people of Minooka we sure will If your son Nick Offerman comes to town some time tell them we're here Maybe we would visit with him well but it's a delight talking to you today sir Well I appreciate talking with you John Keep up the good work It's good for us to talk to kids like you Rick offered him Sir it's nice to talk to you Stay well now Thank you John You're a little of his.

manuka Shannon LaSalle Peru hennepin Illinois river LaSalle Shannon Peru Chicago fox football Minooka Nick Offerman Rick John John Keep Sir
Late musician Tom Petty receives posthumous Ph.D. for music

AP News Radio

00:47 sec | 1 year ago

Late musician Tom Petty receives posthumous Ph.D. for music

"The the university university of of Florida Florida is is awarded awarded an an honorary honorary PhD PhD to to rock rock legend legend Tom Tom Petty Petty Tom Tom petty's petty's hit hit I I won't won't back back down down is is almost almost an an implement implement Gators Gators games games he he had had deep deep ties ties to to the the university university of of Florida Florida in in Gainesville Gainesville the the city city where where he he grew grew up up and and even even worked worked as as a a groundskeeper groundskeeper at at the the campus campus to to earn earn money money as as he he tried tried to to break break his his way way into into the the music music industry industry students students there there have have always always been been proud proud of of the the connection connection to to the the rock rock and and roll roll hall hall of of Famer Famer and and now now the the university university board board of of trustees trustees has has awarded awarded Thomas Thomas Earl Earl petty petty a a posthumous posthumous doctoral doctoral degree degree in in music music petty petty died died of of a a drug drug overdose overdose in in twenty twenty seventeen seventeen hi hi Jackie Jackie Quinn Quinn

University University Of Of Fl Tom Tom Petty Petty Tom Tom Pe Gators Gators Gainesville Florida Famer Famer University University Thomas Thomas Earl Earl Petty Jackie Jackie Quinn Quinn
"trustee" Discussed on NewsRadio WIOD

NewsRadio WIOD

01:57 min | 1 year ago

"trustee" Discussed on NewsRadio WIOD

"6 ten W iod Representative Charlie Crist a candidate for governor is criticizing the university of Florida board of trustee saying it's full of descent of supporters who are filling the governor's pockets His 6 direct appointees to the 13 member university of Florida board of trustees have contributed close to $1 million to the governor or the state Republican Party Chris says the university's actions show its loyalty to desantis and erodes academic freedom Meanwhile the university of Florida reversed its initial stance yesterday saying it will allow the three professors to testify as experts in a lawsuit challenging a new state election law that critics say restricts voting rights Governor desantis says that the number of registered Republicans in Florida has surpassed Democrats for the first time although official numbers are not available yet The governor says a report will be publicized very soon Florida GOP chair Joe gruder said the party's internal numbers won't be reported by the Florida division of elections until December As you get set to turn back our clocks this weekend Florida's two senators still want to make daylight saving time a permanent thing Republicans vern Buchanan Rick Scott and Marco Rubio filed the sunshine protection act in 2019 but up to now it hasn't gained any real traction in Congress In a statement Scott says changing the clock twice a year is outdated and unnecessary He says we need to give families in Florida more sunshine not less and he says it's time for Congress to act and set the clocks forward for good I'm Reed shepherd Hall and America cruise line brings its new ship to Florida marking its first return to the state since a pandemic shut down It's been nearly 20 months since Holland America sailed with passengers from a Florida port since COVID-19 stopped operations Its newest ship set sail Friday from port Everglades celebrity cruise and princess cruises also debuted new ships at the port this week With Florida's news I'm Jessica veron.

Representative Charlie Crist university of Florida board of university of Florida board of Florida Governor desantis Joe gruder Florida division of elections desantis vern Buchanan Rick Scott university of Florida Republican Party Chris Marco Rubio GOP Reed shepherd Hall America cruise line Congress
"trustee" Discussed on Her CEO Journey™: The Business Finance Podcast for Mission-Driven Women Entrepreneurs

Her CEO Journey™: The Business Finance Podcast for Mission-Driven Women Entrepreneurs

04:08 min | 1 year ago

"trustee" Discussed on Her CEO Journey™: The Business Finance Podcast for Mission-Driven Women Entrepreneurs

"You can lose your supply chain which is critical to your work. The notion is that you have a balance of people who are participating in the business coming together to elect address protector committee that holds the company to the overtime the board of trustee or this group of trustee is actually representative of each of the stakeholders that you just mentioned earlier. Her act yet. That's interesting you've seen some of this in europe where there have been more calls to say. Well it shouldn't just be investors. Electing the board of directors are sitting on the board of directors. We should have some sort of stakeholder participation on the board of directors may be an employee seat may be a community seat a seat for people representing the communities in which we operate in new zealand. There's been some calls to have a seat on the board of directors for nature. So that nature is considered in the boardroom. And so in this way we have a trust protector committee. That's thinking about the stakeholders of the business interacts with and touches and affects every day. Who are who are key to the success of the business and they all.

board of trustee europe new zealand
"trustee" Discussed on The Truth About Wealth

The Truth About Wealth

04:51 min | 1 year ago

"trustee" Discussed on The Truth About Wealth

"They have limited access and they can't touch anything in the trust. They have to go through the day but they can. They could be involved in how to invest the money they give me involved in how you implement of charitable strategy. Whatever it is they could be involved and that's good from a couple of perspectives. One it allows the trustee to michael's point and the kids to get to know each other. The second teaches your children had had understand. Wealth had manage it had invested. Had kind of run through the generations for the benefit of their kids. So so co trustee rolls we get that asked all the time can kids step into co-trustees and the answer is absolutely no what age is usually appropriate. That we see. It's not wrong. Or right is when they hit the near thirty s. You can make them. Coach steve's along the way now they're partner with that trustee to help manage that trust You know for for their for their own benefit again for asset protection purposes. they can't go and grab assets. Rasa protects is a very big theme and design the trustee still controls access to all the power and you could drafted where they have one hundred percent on but that might not be the best for those reasons for manasseh protection sample. You might not want to do that. But there's the you certainly can. If like but i think the coach will st rolls a great feature that. We're seeing a lot of families actually more recently Taking take a liking to that. Because they want to make sure that their children and future descendants are involved in these decisions as as time goes on. Because you know when you look at the relationship of of trust versus giving assets outright two children again if you don't do that. Communication and explain to the next generation y you're maybe putting assets and trust. They have this distance from the family wealth than they feel like. They're not really in a in a controlling position and he term ownership but that's they don't own the assets because it is owned and the trust but because they can.

Coach steve michael
"trustee" Discussed on The Truth About Wealth

The Truth About Wealth

05:47 min | 1 year ago

"trustee" Discussed on The Truth About Wealth

"Because you're right that trust issue's important and the find someone you can trust. They can develop the relationship with the kids which is really what our role is. If you think about it with our families and our family office model we just can't take that role so we've become that coach as you as you're bringing up now one of the things. We often talk to them about is. If you're not comfortable with the trustee having to make all those decisions you can create co trustee with an institution like a bank more trust company and they become the administrator there become the one who manages the the role the trust. That's from the from a financial standpoint and that other trustee could be more of a family member working with the kids and and getting you know getting them comfortable. What's going on. So if you're not comfortable with the savviness of that trustee corporate trustee and they will charge probably depending on what state. I'm gonna say average three to four percent on on the size of the estate so if it's a million dollars do the math. That's what they charge annual basis. Because you have to file tax returns. I mean it's a lot of work. It's administrative ya the other thing if you are so that was one one topic. We were going to cover. Is you know who can be the trustees so you you brought up that third party institution and that's a can be a good option. I tend to see families not start there. at least that's from our experience. They tend to prefer a family trustee or family member unless they want to go. That co trustee row that you mentioned that and then maybe they say okay. I want to pair up a family member with that With that corporate trustee but one thing to consider if you are going to go down that route is make sure that you have conversations with your corporate trustee arounds. The asset makeup of the trust. We've seen Some trustees particularly banks that depending on the asset makeup of the trust just might not want to take on that responsibility just because it's might be too burdensome for them so you really have to look at what assets might be going in that trust and then and have that conversation with that corporate. Trust easy i to be surprised by that because that could that could pose another hurdle that you know. It's hard enough to pick. One trustees have that hurdle might be hard to overcome. Get you mentioned age a little while ago. Eric and you're right. The age is important because in my cases an example my wife the current trustee over my trust. But she's getting older and most certainly when she's no longer here and i'll go before her on shore that michael now steps in and he's thirty eight and my girls are in early thirties. So they have a lifetime in front of them to work together as a family to guide the assets. Now if you don't have a child it's going to act as that trustee and uncle brother another. Maybe a sibling along the way that that that be a little different because they have to now take that role and their families are involved at this point. Because they're doing something you know as a sidebar to running their family so it's it's a it's an interesting challenge for families to find that person and especially if you're affluent and you want to pass assets generational figure that hundred-year family that mike talk about trustee. One hundred years from there who's that going to be So let me say okay..

Eric michael mike
"trustee" Discussed on The Truth About Wealth

The Truth About Wealth

05:32 min | 1 year ago

"trustee" Discussed on The Truth About Wealth

"Well that's a big responsibility. What if they decide that they don't want to do that anymore. How do i deal with that. Trustee while the trustee can resign and appoint another trustee if if the powers and the trust calls for that so we make sure that happens so if you understand what we try to do with. These trusts not only to protect the beneficiaries but also helped the trustee with the flexibility to be to opt out if they choose not to. That's why we are families that come up with two. Maybe three trustees for that's a party if we have great conversations with that and they go you ought to come up with two or three. In the answer's yes because you want a successor trustee. In case that. I trusted you picked says you know what i'm not interested anymore. My life changed. I'm not healthy or whatever it might be that they just said. I don't want to do this anymore. So there's already sullen in line that you want to be in line. Versus trustees saying i'm going to pick oklahoma. I think he's a smart guy. Yeah i got the power to local. Harry never ends the trust so we we asked families come up with not only one but two and three as a tiebreaker. Just in case you have co-trustees roles so so. This is not an easy topic. And that's why we're bringing up today. It's a topic. You should spend a lot of time with your spouse with to discuss who that important person could be in the trust. And if there's two or three that you might want to lay out there as well and make sure you work with your advisers very closely on this because they're going to be designing the documents and they need to understand these parties involved now if you go back to one of our podcast about legacy letters if you recall that's also now an added value that we incorporate in our discussions because if you have that legacy letter that gives more protection from communication from mom and dad are deceased to that trustee to say. He's watching as for the children. Here's our values. Here's what we're trying to accomplish. Here's our vision for our family so it helps that trustee manage better so you can see..

oklahoma Harry
"trustee" Discussed on The Truth About Wealth

The Truth About Wealth

05:37 min | 1 year ago

"trustee" Discussed on The Truth About Wealth

"Sometimes it's arduous at best so but but it is a challenge but That we try to always pick the right one but but you really can't manage it from the grave. You gotta make make the best shot possible. Well let me let me ask you a question. Because i wanna go back something. Michael said about the relationship right and there needs to be a relationship there because like you said Michael the trustee kinda needs to be a mentor. So i wanna ask a question about ages right. So let's talk about the different ages so if you have kids that are under eighteen and then then children that are above eighteen I guess the first part of the question is maybe a little bit complicated. But i know you're gonna be able to handle it. Can a trustee also be a guardian okay for for younger children and is that a possibility. Is that a good idea. Is that a bad idea number. Two if the kids if the children are adults than does the trustee is it better to have a family members. It better to have somebody outside. The family does a really good questions so the answer. Your first question is yes. They can't be the same person. So the i if if anyone is designing their state plan out. There are thinking about doing that. the and you have minor children the most important thing that aside from any financial capital that you might be dealing with the most important thing to deal with is if something happens to you and your spouse or you know if you're if you're just a single parent and if something happen to you what or who would you want to raise your children as a guardian that that's a really really important role to pick. That's that should be laid out in your will because if you do not then the courts as you mentioned that is another area where the courts would come in to appoint a guardian and that might not be somebody that you would want. So the guardian is really important. Now that the guardian can be the same person as the trustee. now there may be. There might be good reasons to do that and there might not be good reasons to do that. I think from our experience. We tend to see more families what we're dealing with. An estate plan with that involves minor children that the parents decide to separate those two roles so they would have one person be the guardian and that would be the person responsible for raising children until they reach eighteen and then they nominate somebody else a separate person to be the trustees. They like to separate those two roles. That's typically what we see but there's no. There's no rule. That says that you have to do that. If you a little deeper than at the reason why he was split both roles you might want to point to trust the that has more ability to understand finance that can run a portfolio or make investment decisions on on on behalf of the beneficiaries whereas the guardian is that heart for mom and dad that that warm person that the kids can share values with that person and that person has devalued the share back to the children and raise the children accordingly or at least as close to where mom was then. That's a hard person to pick. But that's why we we separate them like like to separate them and not put the pressure on one having both roles because that could be that could be a challenge. Yeah it's important then. More gets more negatively. A lot of families are concerned about their not being checks and balances when you have one person taking over both of those roles so there's really nobody that's that's controlling where that money goes because the guardian is obviously sitting on both sides of that of that relationship and with the child being a minor they they may not be in the best position to be able to combat that. So that's another. You hope that that doesn't happen..

Michael
"trustee" Discussed on The Truth About Wealth

The Truth About Wealth

05:42 min | 1 year ago

"trustee" Discussed on The Truth About Wealth

"Gentlemen what's going on today. Eric do good getting ready to go on vacation for a couple of weeks. Oh nice all right. Daughter's getting married on the beaches and turkey. Keiko's so i'm looking forward to doing the destination with heresy zero excited. But she's all she's all stressed predator all stressed they just chill guys. Just don't have to go through the upsets her dress. Do fixed as you get back to shoes. Or whether she she's cute so we're looking forward to give me greater. Yeah yeah. I i remember the mantas. This is what is the big deal the the whole thing i'm like i don't show eric. Dodie nasdaq right. So knows balance center. I was twenty miles asking those questions. And i was a moron so you do nothing. You're absolutely are talking about the size weddings. What are we talking about today. Well today we're going to talk about a topic. That comes up a lot but it has come up more recently and It's one of the more difficult challenges that families we work with have when there are designing their estate plan and that is how to pick the right trustee. So that's what we're going to cover today. Okay so now can you. Can you go ahead and define what a trustee is in charge of. Maybe we start there so that we can figure out why. It's so difficult to pick one sure. Well well the trustee is related simplest form as a person that has legal title or owns legal title to property. but they're a they're a fiduciary to use that property for somebody else and so when we look at an estate plan the trustee is really the person that's in charge of everything so if you form a trust you have to nominate a trustee now depending on the trust that could be yourself could be a family member or a third party will get into a little bit of of those decisions but the trustee is really the manager there..

Dodie nasdaq Keiko Eric turkey eric
Biden on Pace to Bring 10 Million Illegal Aliens With Open Borders

Mark Levin

01:31 min | 1 year ago

Biden on Pace to Bring 10 Million Illegal Aliens With Open Borders

"Now I want you to think about this. If Joe Biden for four years is able to keep those borders open, we're gonna have 10 million illegal aliens and four years on top of another, probably 2025 million illegal aliens. At the same time, while we're massively expanding the welfare state. Free community college, which will lead to free college. Trust me. 12 weeks of family leave. 12 weeks. Massive expansion of Medicare both the numbers of people And the benefits which is going broke in 2 to 4 years, according to the trustees, not me. What do I know? According to them Where is that going to come from? Medicaid is on its last leg. Social Security is when its last leg and we're like right now, Fox News has shown A drone. With 10,000 Haitians who have come into the country illegally under the international bridge. On the border with Texas. And there under the bridge because they have nowhere to go there in the United States. Luckily, there are Cubans. Are they thrown to the sharks in the ocean? Right, Mr Busy? If they come from Haiti. Which is half of an island. Arms wide open if you come from Cuba. You go back. Anyway, that just shows you the They disgusting cynicism of this whole thing.

Free Community College Joe Biden Medicare Fox News Mr Busy Texas United States Haiti Cuba
"trustee" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

05:45 min | 1 year ago

"trustee" Discussed on WNYC 93.9 FM

"Trustees. You just need to queue on CBC Radio one across Canada and across North America on Sirius, XM 1 69 and from P R X. My name is Tom Power. Welcome back to the show when you're growing up, and there's something about you that feels different. It can feel really comforting to find others like you on your TV screen for Brett Hannam that came in the form of movies that focused on LGBT Q. Plus characters and now threats. A filmmaker and their new film, Wild Hood is a coming of age story about a young man. Named Link who's discovering his culture and his sexual identity at the same time, But something that makes wild Hood special is that it focuses on two spirit folks, which still isn't something to spirit. Young people come across too often when looking for films that speak to them. Brett Hannam is the writer and director of the film Wild Hood just premiered at this year's Toronto International Film Festival is set to open the Thin Atlantic International Film Festival. And Brett joined me to talk about the film. Brad, How are you doing? Well, Um, I know the story has been on your mind. For the last decade or so. I find it really interesting time to talk to you right now because it's finally coming out and not just coming out, but coming out of one of the world's most prestigious Film festivals. Has that hit you yet? Um, no. I think it'll take uh, a couple more weeks before it really sinks in and probably happen when I'm just having tea in the morning, one day and In a large come rushing rushing for me. Well, it's it's a beautiful film, and I'm glad people are getting the chance to see it. Wild hotels, the story of a young man named Link, who lives in a trailer park with his wife, father and his younger brother. He grows up thinking that his mother is dead, and one night he comes across something that suggests His mom is still alive. And then this happens. Take a listen. She said she was dead. She's dead. I said she was dead. She's dead. She's dead to me. She's dead too. You understand? You're dead. Today. She left this house. All right, tell me a little bit about what we just heard. And and what happens after this? What's happened is the link the main character, one of the main characters has found something has found, uh, a letter pile letters and cards that his mother has been sending. But his father has been hiding, so she's clearly not dead. She's not writing letters from the grave. It's not a supernatural drama this time. Um, so with this kind of new evidence and handed that she's alive, he confronts his dad who he hasn't really stood up to before. So this is kind of the first moment. He's really, you know, confronting and standing up and not budging. And so there's you know, and irresistible force meets an immovable object. They're kind of at an impasse, um, butting heads. Uh, what has happened? Um why has he been lied to and I don't want to give away too much of the film. But tell me then about who he meets shortly afterwards, Just after that, After kind of like walking on foot through the night and into the next morning, they meet a young make now, uh, fancy dancer Buzz of my who is traveling around to the Powells and trying to you know, Colonel, earn a little bit of money, Uh, competitions and so they kind of meat. This guy. And they're not really sure what to make of them at first, But he offers to give them a ride. And he seems kind of okay, So they hop in the truck with him. And after that things kind of take on a new form. And this this little family relationship against the form. We'll leave it there and what we'll say if you want to know more. You got to watch it, but Yeah. Tell me a little bit about where this story came from. From you, Um, actually working on this 10 years ago or so, um, and I've continued to work on it for a decade that since that's a very long time. Just kind of Thinking about it. Now, Um it's kind of taken on many different forms in many different shapes and has been informed by um some of my own life experiences and experiences from friends or family or community. So that's kind of where it started. And initially, I'd say the first draft. It was extremely personal. Maybe too personal. Uh, you know, it's hard to write things from your own life. Um, and because of being so close to it, it's It's a little rock. Um and difficult to get perspective. So over the 10 years that I've been developing it On my own. And with my producer and producers, um and actors, it's taken on different shapes and different forms. Ultimately, this final products. The final version of the story is not what I imagined when I finished the script, but it never is. It's um it's much better than than I could have imagined. Um, which that's always a good feeling. I sort of mentioned this a little bit in the introduction. I wanted to talk about it A little bit is that Queer Cinema has been around for some time and often referred to as new Queer Cinema Back in the nineties. But you're telling a story here about two spirit folks, and there hasn't been a whole lot of films about two spirit people. I wonder if you could talk to me more about that and how it relates to you to your film? Uh, yeah. I mean, I'm I watch a lot of movies growing up, and none of them were gay. I think that first queer seemed film, um, that I saw that had anything and it was Uh, probably Billy Elliot, and I remember watching that at night, Uh, afraid that I would get caught watching it..

Brett Hannam Brett Tom Power Canada North America Brad Today Thin Atlantic International Fi Wild Hood Wild hotels 10 years ago Toronto International Film Fes CBC Radio one last decade first moment first draft Sirius two spirit link one night
Who Was Ida B. Wells?

Made of Mettle

02:32 min | 1 year ago

Who Was Ida B. Wells?

"In today's episode we will be covering the impassioned the influential the inspiring ida b wells ida. B wells was born ida bell wells on july sixteenth eighteen sixty two in holly springs mississippi. Ida was the eldest. Born to james and lizzie wells. Who had seven other children. All were born in slaved as they lived on a plantation in mississippi whom or members of the confederacy during the civil war in the previous episode. We talked a bit about president. Lincoln's revolutionary decision to issue the emancipation proclamation on january. First eighteen sixty three during the civil war ida in her family were officially freed from slavery as they resided in a confederate state before either was one year old immediately following. The war was the pivotal reconstruction period with a divided territories of the union in the confederacy. Determine how they would begin to come back together as a single nation. Ida's parents were dutiful in diligence supporters of african american rights in particular the right to an education. Ida's father james was directly involved in starting in serving on the board of trustees for school for freed african americans that school rushed. College is still a notable inactive university. Today falling under the umbrella of historically black colleges and universities ida would begin her educational career at this school attending in her early teens. Sadly heartbreaking circumstances would find ida early on in life in eighteen seventy eight while visiting her grandmother. I learned harling news. Ida's mother father in her youngest sibling. Just an infant had passed away from yellow fever. Her parents sudden-death turn ida from a teenager with no children into a parent of six suffering from the grief and loss of one's parents. It would be understandable for a child to shy away in resist taking on a role with such incredible responsibility but did ida shy away from her obligation torture family. Absolutely not

IDA Ida Bell Wells Lizzie Wells Mississippi Holly Springs Board Of Trustees For School F James Wells Lincoln Yellow Fever
Judge Conditionally Approves Purdue Pharma Opioid Settlement

AP News Radio

00:46 sec | 1 year ago

Judge Conditionally Approves Purdue Pharma Opioid Settlement

"Hi Mike Rossi reporting a judge conditionally approves the Purdue pharma opioid settlement a federal bankruptcy judge has given conditional approval to a potential ten billion dollar plan submitted by oxycontin maker Purdue pharma to settle lawsuits filed over its role in the opioid crisis under the settlement the Sackler family would give up ownership of Purdue pharma and contribute four point five billion dollars to the fund the Sacklers would also be freed from any future lawsuits over the opioid crisis U. S. bankruptcy judge Robert drain said he will formally approve the plan Thursday if to technical changes are made but nine states Washington DC Seattle and the U. S. bankruptcy trustee oppose the settlement the state of Washington plans to appeal hi Mike Rossio

Purdue Pharma Mike Rossi Sacklers Oxycontin Judge Robert Drain Washington Dc U. Seattle Washington Mike Rossio
Social Security Projected to Be Insolvent a Year Earlier Than Previously Forecast

WSJ What's News

00:25 sec | 1 year ago

Social Security Projected to Be Insolvent a Year Earlier Than Previously Forecast

"New projection show the severe economic downturn caused by the kobe nineteen pandemic last year hit the health of social security but not nearly as hard as many forecasters originally feared trustees of the social security trust fund said they expect reserves to be depleted by twenty thirty four only one year sooner than they estimated in their april twenty twenty report

Health Of Social Security Social Security Trust Fund
Social Security and Medicare Funds Remain Under Pressure

AP News Radio

00:44 sec | 1 year ago

Social Security and Medicare Funds Remain Under Pressure

"More problems for social security and Medicare funds social security and Medicare the government's two biggest benefit programs remain under intense financial pressure the two major issues the retirement of millions of baby boomers along with the devastating pandemic putting increased pressures on the two programs finances a report from the program's trustees has now moved up by one year the day for the depletion of social security's reserves it now projects they will be unable to pay full benefits starting in twenty thirty four instead of twenty thirty five Medicare is still expected to exhaust its reserves in twenty twenty six that's the same date is estimated last year surely a blur Washington

Medicare Funds Social Security Government Medicare Washington
Fort Bend ISD Board Approves Mask Mandate for Students, Staff

Houston Public Media Local Newscasts

01:10 min | 1 year ago

Fort Bend ISD Board Approves Mask Mandate for Students, Staff

"And staff will soon be required to wear masks. All fort bend. Isd schools the decision to mandate face coverings was settled in a four to three vote last night by the district's board of trustees the mandate will take effect once the administration puts in place protocols for the requirement dozens of fort ben. Isd parents protested both for and against mask last night at that school board meeting our savant herndon was there and says people were passionate on. Both sides of the issue for been is parent. Kelly post says she's not dismissing the six hundred sixty five active cases within the district. But she doesn't think it's fair to blame schools. The first day of school hundreds of cases where reporting we know that they didn't get it from school. So why are we counting these numbers. School postings mass mandate isn't needed cureton. who's in outer another parent disagrees. Because of how nervous her kid is in class. I'm frantic every day. And frankly he had a very mild stomach today. And i kept him home. Other parents are wondering how long mass mandate will be in place for and if it will actually work keeping cases

ISD Fort Ben Fort Bend Kelly Post Herndon Cureton
Why Racist Policies  Not People  Are the Problem

Cape Up with Jonathan Capehart

02:22 min | 1 year ago

Why Racist Policies Not People Are the Problem

"Dr kennedy welcome to the podcast. Oh it's always great. John beyond so the last time you were here you were on with your co editor of four hundred souls community. History of african america sixteen nineteen to twenty nineteen. But i've asked you here so low today because your name was invoked in my interview with a former new orleans mayor mitch landrieu and i thought you know what is a good opportunity to to have dr kennedy on. Here's what mitch said. Dr abram mix kennedy has said something that i had not really thought much about he basically has posited the theory that we've always moved side-by-side good with evil and one overtakes the other from time to time and both are always present. And then mitch goes on to say. And i don't know whether i don't know that he's more right than wrong. But it sure feels like right. Now the forces of what. I would describe as white nationalism white supremacy this notion that somehow whiteness is essential to the future of america for some people who consider themselves to be. Patriots is a very dangerous idea. And this this idea of good and simultaneously basically coexisting in one overtaking. The other i would love for you to since he's attributing it to you talk more about that. Where does that come from. And how does it manifest itself good and evil. Well i mean. I have written about the sort of racial history of this country a history of of of racial progress in an even a history of racists progress. I don't i wouldn't necessarily call it the clash between good and evil because i think it's it's important trustee too complicated even further in that you know you you have people who express sort of or maybe a part of both off forces at different times or or you have people have good intentions but you know it. Has you know a difficult outcome in. And still i don't know if we can essentially call that good or

Dr Kennedy Dr Abram Mix Kennedy Mitch Mitch Landrieu America New Orleans John Patriots
Fire crews battle Turkish wildfires at holiday destinations

AP News Radio

00:51 sec | 1 year ago

Fire crews battle Turkish wildfires at holiday destinations

"What flights continue to rage in the Turkish coastal resorts of entirely Muna as firefighters went to battle the blaze for a fifth day helicopters and fire trucks were assisted by police water cannons usually used to control riots to help fight fires in a village in the popular district of boardroom panic stricken tourists were evacuated from some hotels but germinated on debate since the fire broke down the hills to the sea shore president Recep Tayyip Erdogan told some of the affected areas some promise to help residents rebuild their homes the president suspected Kurdish militants have sabotaged promising an investigation it is our duty to find those burn off for instance had that holds out he said however experts mostly point to the climate crisis as seen by the trustee can creases in temperatures along with accidents caused by people I'm Karen Thomas

Muna President Recep Tayyip Erdogan Sea Shore Karen Thomas
Nikole Hannah-Jones Declines UNC Tenure Position and Will Join Howard University

WTOP 24 Hour News

00:48 sec | 1 year ago

Nikole Hannah-Jones Declines UNC Tenure Position and Will Join Howard University

"On and off the University of North Carolina at Capitol Hill at Chapel Hill, the school boards the school's board of trustees voted to grant tenure two Pulitzer Prize winner Nicole Hannah Jones. She's the author behind the 16 19 Project for The New York Times. At first, the University board declined to hold a vote on the issue. Hannah Jones spoke exclusively to CBS this morning about how the decision has impacted her life. It was embarrassing to be the first person Should be denied tenure. It was embarrassing, and I didn't want this to become a public scandal. I didn't want to drag my university through the pages of newspapers because I was the first and the only black person in that position to be denied tenure. In the end, Hannah Jones has chosen to come here to D. C S. Howard University to teach instead, Dave Preston

Nicole Hannah Jones Hannah Jones University Board University Of North Carolina Capitol Hill Chapel Hill Pulitzer Prize Board Of Trustees The New York Times CBS D. C S. Howard Dave Preston
University Trustees to Vote on Nikole Hannah-Jones Tenure

AP News Radio

00:50 sec | 1 year ago

University Trustees to Vote on Nikole Hannah-Jones Tenure

"It became a national controversy and now you NC Chapel Hill trustees could vote today on whether or not to approve tenure for Nicole Hannah Jones the journalist behind the new York times sixteen nineteen project on slavery and racism university leaders had said had a Jones's tenure application was halted because she did not come from a quote traditional academic background and a trustee wanted more time to consider her a prominent donor revealed he had emailed university leaders challenging her work as highly contentious and controversial which others have said as well the black journalists one a Pulitzer Prize for her work on the sixteen nineteen project and said she would not start work in July at UNC Chapel Hill with out tenure black faculty staff and students have said the university does not value them I'm Julie Walker

Nc Chapel Hill Trustees Nicole Hannah Jones The New York Times Jones Unc Chapel Hill Pulitzer Prize Julie Walker
"trustee" Discussed on WMAL 630AM

WMAL 630AM

06:14 min | 1 year ago

"trustee" Discussed on WMAL 630AM

"Whatever it happens to be, is that of an owner. This is why this is why the trust and the successor trustee is so seldom challenged to identify themselves, of course by the institution. On the other side of the transaction, the bank, the title company, whoever it happens to be, so we find that in dealing with issues of being capacity Doing so is the successor trustee is highly preferable to having to act using a power of attorney which is why in your situation and without going into it, you haven't gone into any detail. If just in terms of incapacity. It's probably going to make a lot more sense to have your dead, establish a trust and name you as a successor Trustee, or perhaps as a co trustee, so you can manage his affairs while he's still alive and is James He said after he passes away. Yeah, this could be especially helpful, appease overseas and you know things have to happen. You know, in this time zone or, you know, with institutions that require, uh notaries or things that can be sometimes more difficult to obtain when you're overseas, depending on how far flung you are, you know, it's it's one thing If you're living blocks from the embassy, it's another thing when you're you know, high on a mountain top in a year to you know, but but either way The The Basic point is that with with the power of attorney it's a weaker document because it's based on the law of agency, whereas trusts are stronger because they're based on the law of title and that's sort of the difference, you know, deep down. But what this means is again. Powers of Attorney only work while you're alive and statistically, about half the time. This is something I think AARP's a survey discovered almost exactly 50% of the time You try to get the bank to take the power of attorney. They won't for whatever reason. They think it's not raw, drawn up properly. They think it's too old. It's you know, suspect it's Maybe it was revoked. Maybe it was forged. Maybe whatever. They just don't want to take the chance. And so they'll say no. About half the time, Whereas with the trust you walk in there, say hi. I am the trustee. I am the legal owner. Now I still have to follow the trust instructions. My ownership is tied to the trust instructions. I can just take the money and, you know, go to Brazil. I've got to use the trust money as the trust described. So you know, my father might say, Okay, it's going to be available for my use while I'm alive. Then after I'm gone, it goes To my son. Okay, great. So again if I step in his trusty while Dad's alive, I make sure to use the assets for him. And then someday upon his death, it says, Okay, divided between yourself and your sister or whatever. Great we divided up 50 50. I can't just take it all and you know, and tell my sister to pound sand, right? So That's sort of the the distinction there. All right, let's go. Two more phone calls. I think we've got time before the next break. But if you've got a question dial up triple 86 30 W. M L But in the meantime, let's go to Mike and Alexandria. Hello. I have a question. I have a bank account in the name of the trust. And I have to family members that are authorized signatories and I wanted to know when I die or there are are, they still authorized signatures on the dressed account? Well again. Um, so Mike, there's a couple of possibilities. Um, number one. Typically when you have an account at a bank that's in the name of the trust where it's where, When you look at the statement that you get every month, you know, in the top left corner, it says, you know Michael Smith, common trustees, Smith family Trust, or, you know Michael J. Smith trust or whatever it's going to be. Um, if it says something like that, um, that account is in the trust. Now. Typically, banks shy away from adding signatories that are not trustees. When we have a trust account, so typically, they're very happy. In fact, they want to put all of the trustees on the title and they have the power to sign off on the checks or whatever. But they will typically not add other, Um people on that account who are not trustees. Now, why not? And the answer is well, The trust instrument may allow such a thing. But in most cases from just a regulatory standpoint, the banks don't want to do it. They only want to act on the trustees say so not on other other folks that have been named. Now it's possible that this bank for whatever reason, doesn't have a problem with that. It's also possible that the bank clerk didn't know what he or she was doing. And so it got on there, and it's basically a mistake. Now it's a harmless mistake, or it's a mistake that's actually helpful to you. It can create problems for the bank someday down the road from from their own liability standpoint, But that doesn't affect you. So so again, Mike, you know, or Mike. It's also possible that you think it's in the trust. But really, it's not. And so I would double check, you know? Is it really titled in the name of the trust right now? No. Because it may be that you've named the trust as a p O d payable on death Beneficiary. And so maybe you've got a signatory on the account and that relationship expires a death. But then upon your death at P O d, you know it pay payable on death at P. O D s to the trust. And so you're sort of covered on both sides. They're my only concern with signatories is often times we will. We will make sure that there is always a trustee. So you say yes. I'm the trustee and then my son and my daughter, and then whatever. But then it also has mechanisms for naming further trustees. Whereas when you've just named one or two signatories, let's say all three of you were in a car crash. There's no mechanism for someone else to step in. And so now we're into a guardianship or were into probate. So anyway, that's um yeah, long and short of it. We're going to take another break and be back with Martha's.

Mike Brazil one AARP Alexandria James Martha both sides Michael Smith P. O D Michael J. Smith three triple 86 30 W. 50% double check two signatories Two more phone calls 50 Smith family Trust time