Access to the names of the beneficiaries of trusts for law enforcement agencies and those with a "legitimate interest", including investigative journalists and NGOs.
David M. Frankel, the commissioner of the New York City Department of Finance, said in an e-mail that "there is no provision in the new co-op/condo abatement law" that would apply to beneficiaries of trusts or LLCs.
"Companies will have offshore trusts, the beneficiaries of that trust may be a series of offshore companies in different locations around the world," says Mr Ludwig.
The failure of a half-secret trust, such as where the beneficiaries of the trust cannot be shown, or communication is not at or before the execution of the will.
Ms McConnell is the beneficiary of trusts of at least £49 million, Mr Justice Mostyn said in the family division of the High Court in London yesterday.
Although Mr. Kushner resigned in January from his chief executive role at Kushner Companies, he remains the beneficiary of trusts that own the sprawling real estate business.
Mr. Kushner has divested his stakes in dozens of entities used to hold family company investments, although he remains the beneficiary of trusts that hold stakes in hundreds of others.
A Northwest civil rights group believes Gritz--who is a beneficiary of trusts formed to buy and sell the property that some say will fetch $1.2 million in profits--is establishing a regional power base for tax protesters, white separatists and anti-Semitic fanatics.
The jargon: "defective grantor trust". The children are the end beneficiaries of this trust and little or no gift tax is paid.
At death, the death benefit proceeds will be paid to the designated beneficiaries of the trust income and estate tax-free, as the trust is no longer owned by the estate.
