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appointive share

Spanish translation: fracción de capital (del fideicomiso) asignado

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:appointive share
Spanish translation:fracción de capital (del fideicomiso) asignado
Entered by: mpiazza
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12:47 Aug 3, 2004
English to Spanish translations [PRO]
Law/Patents - Law: Contract(s) / Trust fund
English term or phrase: appointive share
"(A) Appointive Share. For purposes of this agreement, the "Appointive Share" of a trust created under this agreement means the largest fraction of the Taxable Portion of the trust, if any, which, if added to the taxable estate of the individual for whose primary benefit the trust is established for Federal estate tax purposes would not be taxed at the highest Federal estate tax rate in effect at the time of the primary beneficiary’s death"

Gracias
mpiazza
Argentina
Local time: 06:46
fracción de capital (del fideicomiso) asignado
Explanation:
PLR-116296-03
(1) if a taxable termination or taxable distribution (within the meaning of § 2612 of the
Internal Revenue Code) would otherwise occur by reason of the beneficiary’s death, the
trustee shall distribute the appointive share of such principal to or for the benefit of any
one or more persons, including the beneficiary’s estate or creditors or the creditors of
his or her estate, in such proportions and on such terms and conditions, either outright
or in trust, as the beneficiary appoints by will making specific reference to this power of
appointment.
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Alicia Jordá
Local time: 11:46
Grading comment
Gracias
3 KudoZ points were awarded for this answer

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Summary of answers provided
5fracción de capital (del fideicomiso) asignado
Alicia Jordá


  

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53 mins   confidence: Answerer confidence 5/5
fracción de capital (del fideicomiso) asignado


Explanation:
PLR-116296-03
(1) if a taxable termination or taxable distribution (within the meaning of § 2612 of the
Internal Revenue Code) would otherwise occur by reason of the beneficiary’s death, the
trustee shall distribute the appointive share of such principal to or for the benefit of any
one or more persons, including the beneficiary’s estate or creditors or the creditors of
his or her estate, in such proportions and on such terms and conditions, either outright
or in trust, as the beneficiary appoints by will making specific reference to this power of
appointment.


    Reference: http://www.unclefed.com/ForTaxProfs/irs-wd/2003/0344020.pdf
Alicia Jordá
Local time: 11:46
Specializes in field
Native speaker of: Spanish
PRO pts in category: 111
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