Online investment trust creation and management

Details Online investment trust creation and management Online investment trust creation and management

2001-07-20

2008-11-18

Hamilton, Lalita M. (Department: 3691)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S035000, C705S037000

Reexamination Certificate

active

07454376

ABSTRACT:
A system and method for creating and administering trusts over the Internet. A grantor accesses a website over the Internet that is served by a trust account administration server. The server checks the identity and creditworthiness of the grantor, and then establishes a trust account. The trustee and beneficiary of the trust are electronically notified of the trust. A trust account administration server can also electronically notify the beneficiary of any demand rights that arise for gifts to the trust, and can permit distributions of the gifts if exercised. The beneficiary can also set up a family home page, and solicit contributions from friends, family, and other parties, for example on gift-giving events.

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“InvestmentGifts.com”, private communication, Mar. 20, 2000.
“InvestmentGifts.com Project Charter”, private communication, May 18, 2000.

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