For example, hotels often offer the amenities below: 1  complimentary (free) breakfast. 2  laundry or ironing service. 3  extra toothbrushed, shampoo, lotion etc. if requested. 4  wireless internet. 5  access to a work-out facility.
From a charityâs standpoint, limited liability exists between the individual trustees or board of directors and the charity itself, and it shields the individual trustees or board members from being personally liable for the debts and obligations of the charity.
However, trusts are often based on contingent interests, which means that there are conditions the beneficiary has to meet in order to be eligible for trust proceeds. In that case, FDIC insurance is based on the trust as a whole, with a maximum of $250,000. In effect, the insurance coverage in each case is allocated according to how many people have a right to the proceeds of the account.