Omaha Nebraska Nonqualified Deferred Compensation Trust for the Benefit of Executive Employees - a Rabbi Trust

Category:
State:
Multi-State
City:
Omaha
Control #:
US-01178BG
Format:
Word; 
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Description

A method of deferring compensation for executives is the use of a rabbi trust. The instrument was named - rabbit trust - because it was first used to provide deferred compensation for a rabbi. Generally, the Internal Revenue Service (IRS) requires that the funds in a rabbi trust must be subject to the claims of the employer's creditors.

This information is current as of December, 2007, but is subject to change if tax laws or IRS regulations change. Current tax laws should be consulted at the time of the preparation of such a trust.

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Omaha Nebraska Nonqualified Deferred Compensation Trust for the Benefit of Executive Employees - a Rabbi Trust