Kitchen updates such as tile flooring, refacing old cabinets and updating appliances to energy-efficient models will see a substantial return--approximately 84.5 percent in the San Francisco area, for instance, according to Remodeling magazine's Cost vs. Value Report for 2009â2010.
What is a 'Collective Investment Fund'. A collective investment fund (CIF), also known as a collective investment trust, is operated by a bank or trust company and handles a group of pooled trust accounts. Collective investment funds groups assets from individuals and organizations to develop a larger, diversified portfolio.
A living trust, also known as an inter vivos trust (inter vivos is Latin for between the living), is a trust created during the lifetime of the grantor. It is to be distinguished from a testamentary trust, which is a trust created through a will. Sometimes people confuse a living trust with a living will.