A trust is an arrangement whereby a “trustee” holds assets for the purpose of preserving and protecting those assets for the “beneficiaries” of the trust.
The trust can pay bills for the beneficiaries, allow the beneficiaries to use trust properties, distribute money to the beneficiaries, and so on - all of this is set out in the written trust document.
The trustee is required by law to strictly follow the directions in the trust document.
It was fitting that the NHL opened its season with four games overseas last week, because with the U.S. economy being what it is, the league may need every koruna, krona and euro it can get its hands on.
“The big fear is that if the economy continues to fall, fans will simply have to [...]
If you were paying attention this summer, you probably thought Deron Williams and Chris Paul signed identical contract extensions. Both opted for three-year deals with a fourth-year player option that will pay them the maximum allowed under NBA salary cap rules.
We’ll have to wait until July to find out exactly how much those contracts will [...]
Professional athlete websites can be a valuable tool for a current or former athlete. A well designed website should allow fans to interact with the athlete, provide career and personal information and be entertaining.
The website of a pro athlete can function as an important media entity. An effective website can raise awareness of their foundation along with promoting any outside business interests.
You’ve probably seen curious things in recent days. Despairing traders with their heads in their hands on the floor of the New York Stock Exchange. Charter members of the Wall Street elite carrying their belongings in boxes as they walk out the doors of what used to be investment banks.
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Yankee Stadium isn’t the only home Alex Rodriguez is saying goodbye to this off-season.
The slugger has put his sprawling South Florida villa up for sale, with an asking price of almost $15 million.
That’s close to $3 million more than A-Rod paid when he and wife Cynthia bought it as their family home in December 2004.
The [...]
October 11th, 2008 | PAO | 0 comments | Continued
Anyone who played in the NHL last season can expect to receive a nice little bonus by the end of the month.
A source tells The Canadian Press that the players will be given back all of the money they paid into escrow last season.
Each NHL player had 9.5 percent of his paycheck put into the [...]
October 11th, 2008 | PAO | 0 comments | Continued
Confirmation that Serena Williams’ take of her, and her family’s, tennis story under the title Queen of the Court, will finally go to print next year came when publishers Simon & Schuster announced they have bought the rights in a pre-emptive deal.
The book will be co-written by Daniel Paisner, who co-wrote 9/11 memoir Last Man [...]
October 10th, 2008 | PAO | 0 comments | Continued
Former MLB player Jeff Conine never has endured a physical challenge as draining, demanding or difficult as the one that awaits. Playing 2,024 games in 17 major-league seasons tested him, but not like the Ford Ironman World Championship will in Kona, Hawaii, on Saturday.
Conine, a member of the Marlins’ two World Series championship teams, must [...]
October 10th, 2008 | PAO | 0 comments | Continued
Nene already wears the blue and white of the Denver Nuggets. But he’s also thinking red, white and blue.
Nene said Thursday he has started the process of becoming a U.S. citizen. He would retain ties to his native Brazil and be a dual citizen.
“It’s going to be good,” Nene said. “I’ve got all the papers [...]
October 10th, 2008 | PAO | 0 comments | Continued
The Cleveland Browns have been walking on eggs in the locker room for a while now. What’s another dozen?
For weeks, players have talked carefully about the chance Brady Quinn might replace Derek Anderson at quarterback. Going into Monday night’s game against the Giants, Anderson’s 49.9 passer rating ranks ahead of just one 2008 regular, Kansas [...]
October 10th, 2008 | PAO | 0 comments | Continued
New York Mets reliever Ambiorix Burgos will spend the next three months in a Dominican jail awaiting trial after allegedly killing two women in a hit-and-run accident in his home country.
The 24-year-old reliever told The Associated Press that a Dominican judge ordered him to remain behind bars Wednesday night in the city of Nagua out [...]
October 10th, 2008 | PAO | 0 comments | Continued
In response to the devastation caused by Hurricane Ike, PGA TOUR star and Houston resident, K.J. Choi through his K.J. Choi Foundation has decided to donate $100,000 from his FedExCup bonus pool money to the Gulf Coast Ike Relief Fund.
Choi, a Woodlands resident for five years, was struck with the damage caused by Ike and [...]
October 9th, 2008 | PAO | 0 comments | ContinuedProAthletesOnly.com markets the most successful and reputable businesses in many different categories and locations.
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