B Calculating Ownership Percentage of Trust Assets Example

Programs Manual Section ALTCS MA802

The customer created a trust on 8/31/2003. The trust was initially funded with $2,000.00 from the customer, $1,000.00 from the customer's spouse, and $1,000.00 from the customer's brother. No other money was ever added to the trust. The total amount of money in the trust is $4,000.00. The customer and spouse own $3,000.00 between the two of them.

$3,000.00 divided by $4,000.00 equals 0.75. The customer’s ownership percentage in the trust is 75%.