Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-07-27
BY 1. A. FLEMING.

Banks in this city report that life
insurance trust business is increasing
very fast. Insurance men have investi-
gated the living trust on life insurance
and have decided, according to the
trust companies, that there is nothing
In the way of competition with them,
while admittedly helpful to the insured,
in the care and realization of the full
purposes of the intent of the insured,
toward his beneficiaries.
A living trust is simply an agreement
between q trust company or other f.
nancial institution having the right to
act as trustee and one carrying life in
surance
Living trusts, of course, do not be-
come active until maturity of policies,
or the death of the insured, when the
proceeds of policy or policies become
available to the trust company to carry
out the provisions thereof.
Where the beneficiary of trust Is
woman, who probably doesn't know
much about financial methods, mort
cages and other investments, it at once
establishes an impregnable barrier tc
the approach of hatbox statesmen, offer
ing something of doubtful value or
seeking to get her cash by chicanery.
A son will have the benefit of con-
sentative business men to advise, to
consult with, to handle his income until
such time as the trust finally ends.
The advantages of the living trust OF
father to a daughter are too apparent
to need calculation.
Investments are made as required or
permitted by law, thus giving added
protection to the principal.
A living trust maye be irrevocable or
otherwise. It Is created during the life
OF the insured and often extends after
his death. 1t acts as a will
A living trust may also be, estab-
l1shed through the setting aside of e
fund for distribution of the proceeds or
the fund itself as may be directed by
the donor.
Living trust business is, as before
stated, growing fast as word of mouth
and advertising publicity brings its
merits to the fore. In this reserve dis
trict year ago, 49 banks held 430
agreements for total of $1S,142,890.
Talking Better Times.
Some of the banks, manufacturers
and many brokers are talking better
times in the near future. Among the
former is the Irving Trust Co.. holding
that with the tariff out OF the way, with
the naval pact safely away, with stores
rapidly emptying their shelves of goods
and sure to be heavy buyers of Fall
goods, that earnings as result will inn
prove and that the beginning of the
end is near.
Great difficulty In making collections
Is named as one of the leading detri-
ments to Improvement
1t is admitted that money is not a
factor to be considered in the present
market situation. There is so much
money in the banks and so little call
for loans that rates are low and likely
to stay so for some time to come.
So far as the action of the market
itself Is an indication there is nothing
in 1t or In its action to induce q con-
sentative person to load UP with secur-
tiles.
Advances have been quickly followed
by profit realizing.
An Investment List.
An investment corporation, the Re-
lance Management, has published list
of its holdings of securities as of June
80, 1880. The list is interesting as indi-
eating what one of the big interests
seems to favor.
The company at the same time re-
ported net assets per share value on
June 80. at 1882 a share; on january
IS 1t was placed at 1855.
In spite of the shrinkage in the value
of assets, the company is said to have
net income before taxes Of $256, 063 for,
the six months.