How much is it UK Equity Income Trust down?
This means that over five years, it is down 32.27 per cent – more than the IT UK Equity Income sector (down 15.71 per cent) and the FTSE All Share (down 9.18 per cent). The trust is currently trading at a 4.9 per cent discount with 23 per cent gearing. It has ongoing charges of 0.49 per cent.
What are the assets of a residential care trust?
1. Combined assets of $126,224, excluding the value of the home and car, or 2. Combined assets of $230,495, including the value of the home and car. Do note that your house and car are exempt from the assessment of assets when it’s the main place where your partner, who is not in care, or a dependent child, lives.
Which is the best Trust for retirement income?
Lofthouse’s trust is currently trading at a 7.9 per cent discount and is 10 per cent geared. It has a dividend yield of 5.2 per cent and ongoing charges of 0.84 per cent. The final trust recommendation is Dunedin Income Growth, which Maffioli said “is essential for an income-hungry retiree”.
What’s the income threshold for a home care subsidy?
Single: You are eligible for the government subsidy if you have assets equal to or below the allowable threshold of $230,495. 1. Combined assets of $126,224, excluding the value of the home and car, or 2. Combined assets of $230,495, including the value of the home and car.
Can a trust protect your home and your money?
Trusts shield your home and property. A trust is a legal structure that allows you to preserve income and assets that would otherwise be lost under Medicaid regulations. Trusts are among the main workhorses of Elder Law planning, and some of its most powerful tools.
Can a revocable trust protect assets from a nursing home?
No revocable trust will protect your income and assets from a nursing home. Only an irrevocable trust and other Medicaid planning tools can protect your assets from a nursing home. Learn more here.
Can a trust be set up for someone who is not rich?
For those who don’t have a high net-worth but wish to leave money to children or grandchildren and control how that money is used, a trust may be right for you; it’s not just available to high-net-worth individuals, and it offers a way for trustors to protect their assets long after they pass on.
What happens when you set up a trust fund?
The trustor can also establish trusts for future generations of children, making the trust a lasting legacy for an indefinite number of generations. Because it’s irrevocable, you don’t have the option of later dissolving the trust fund. Once you place assets in the trust, they are no longer yours. They are under the care of a trustee.