Tag

Trust Funds

All articles tagged with #trust funds

lawcrime1 month ago•17 min saved

Nick Reiner Moves to Tap Family Trust for Murder Defense

Nick Reiner, son of Rob Reiner, is seeking access to a $1.5 million family trust via a probate petition to pay for a murder-defense attorney in his upcoming trial for his parents’ deaths. He claims the trust requires distributions at age 30 and again at 35 and accuses the current trustee of withholding funds; Reiner, who has pleaded not guilty to two counts of first‑degree murder with special circumstances, remains in custody with a public defender after a prior attorney withdrew, with a September court date.

via The Hollywood Reporter|

#lawcrime #murder-case #nick-reiner

economy1 month ago•4 min saved

Trust fund tipping point: SSA projects 2032 depletion with 78% benefits

The SSA's trustees report projects the Old Age and Survivors Insurance fund could be depleted in 2032, leaving about 78% of retirement benefits payable unless Congress acts; combining the disability fund could delay the shortfall and allow full payments until late-2034 at about 83%, but such a move would only be a temporary patch. The disability fund is solvent for decades, and lawmakers face pressure to enact lasting reforms before beneficiaries are affected.

via CNBC|

#2032-depletion #benefit-cuts #economy

sports2 years ago•3 min saved

"NCAA Convention to Debate Future of Athlete Compensation and Proposed Subdivision Reforms"

NCAA President Charlie Baker has proposed a significant change to college sports, suggesting that schools should be able to negotiate NIL (Name, Image, and Likeness) deals directly with athletes and establish trust funds of up to $30,000 per athlete. This proposal, which could lead to a new subdivision within the NCAA for rules-making, will be discussed at the NCAA Convention and could be adopted in parts, with the first actions potentially taking place as early as August. While there is general support for the proposal, there are concerns about its implementation and legal implications, especially regarding the financial burden on schools and the potential for further legal and legislative challenges to the NCAA's model of athlete compensation.

via CBS Sports|

#charlie-baker #college-athletics #ncaa

finance3 years ago•1 min saved

"Social Security Funds Depletion Date Announced"

The Social Security Board of Trustees has revealed that the cash for the Social Security program will run out in 2031, a year earlier than previously estimated, due to slower-than-expected economic growth. If more funds are not directed to the support, 66 million recipients will have their benefits cut by a quarter. The combined asset reserves of both the Aging and Survivors Insurance (OASI) and Disability Insurance (DI) Trust Funds will be depleted by 2034, and there will only be enough revenue to pay for 80% of scheduled benefits. The problem for the system to navigate is an aging population, meaning fewer workers are paying in.

via AS USA|

#benefits #finance #retirement