Can Beneficiaries & Trustees Hold Capital Interest Certificates (CIC)

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• What's The Difference Between Capital Interest Certificates & Beneficial Interest Certificates

  Capital Interest Certificates (CIC) are issued based on an exchange (outside funding) going into the trust res - think of it like a stock. Beneficial Interest Certificates (BIC) are issued based on the Board of Trustees decisions and the trust ...

• How Are Capital Interest Certificates & Beneficial Interest Certificates Paid Out When Trust Ends / Vests

  Capital Interest Certificates (CIC) are paid to owners when trust vests BEFORE Beneficial Interest Certificates (BIC) are exchanged. An account will probably be required to determine amount of assets, divided between CIC and BIC holders. CIC holders ...

• Can Anyone Buy Trust Capital Interest Certificates (Stock)

  Yes, with approval by the Board of Trustees the trust may sell any amount of Capital Interest Certificates to any number of persons or entities. Further, the certificates themselves may be restricted from further sale without approval by the Board of ...

• Can The Trustee Be A Beneficiary or Hold Beneficial Interest Certificates (BIC)

  Yes; however, a trustee cannot be the sole (only) beneficiary. There should be at least one other beneficiary - which may also be another trust that the trustee sits on the Board of Trustees for. Further, the beneficiaries may have the lot of assets ...

• Can Head Trustee Be 100% Holder of Capital Interest Certificates

  Yes, anyone can own 100% of the Capital Interest Certificates; further, more can always be issued.