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Tex Legal Opinion Letter
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Legal > Tax Law

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The client has made the following changes to the job.

Description
Date

Job canceled.

Jul 10, 2011
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Job Description

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  • Posted: Sun, Jul 03, 2011
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Our company is considering launching a new loan product. The product is loaning money into a trust account for a fixed period, to be used as security for the loan. The loan would be offered at a rate 4.8 percent and the account would earn 5.5 percent interest per annuum. In the event that a client would like to cancel, the remaining principal would have to be repaid first and then they would receive the remaining monies.

First we need know if the clients trust account would be considered a revocable grantor trust or a irrevocable grantor trust or a non-discretionary defective trust or something else entirely accounting to the united states and Canadain tax authority and if any reporting to these entitles would be required by us or the client.

The trust company is based in Luxembourg. More details upon request.

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Job ID: 25013229
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 Pakistan  |  
LL.B. & LL.M. (Corporate & Commercial) from University of London. Specially proficient in Company law, Contracts, Litigation Support, Corporate...
1
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 0.0   |  Private   |  0 Jobs
Bid ID: 25115224  |  Submitted: Jul 10, 2011 02:24 ET 
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