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 revocable trust is a legal entity. It refers to a type of trust in which can be amended or revoked. The alternative to a revocable trust is an irrevocable trust. As the name suggests, an irrevocable trust is a trust that can't be revoked. If you have a trust agreement, it is one or the other. On the other hand a simple trust refers to a federal tax designation. The alternative to a simple trust is a complex trust. The tax designation of a trust can be a bit confusing but it is generally determined by how income generated by the trust is distributed.