Special rules apply if the trust will hold stock or shares in a corporation, and particularly if the corporation is an â S Corporation. â Only certain trusts can be shareholders of an S corporation: 1  Grantor trusts.
WHAT IS AFDC? AFDC (Aid to Families with Dependent Children) is a program administered and funded by Federal and State goverments to provide financial assistance to needy families. In an average State, more than half (55 percent) of the total cost of AFDC payments are funded by the Federal goverment.
It replaced Aid to Families with Dependent Children, or ADFC. TANF is a by-product of the welfare-to-work laws enacted by Congress in the 1990s. Its main objective is to help families who meet low-income guidelines get back to work by providing temporary financial support, job training and other related services.