This is an arrangement in which a person, known as the grantor or settlor, transfers assets to a trusted individual or organization (the trustee) with instructions to manage and distribute them for the benefit of designated beneficiaries. Wealthy individuals and families commonly use trust funds to ensure their money will be handled responsibly and distributed according to their wishes after passing away. Additionally, trusts can also be set up during someone’s lifetime if they wish to provide financial support for specific people or causes without having direct control over how the money is spent. Understanding how such funds work is essential for anyone looking to ensure that their wealth passes securely from generation to generation.
What Is a Trust Fund?
This legal arrangement allows a person, usually called the grantor or settlor, to transfer property and assets to another party, the trustee. The trustee then holds and manages these assets for the benefit of one or more beneficiaries. Such funds are commonly used to ensure money or property is passed on in an orderly manner after the death of a loved one. They are also often used to protect financial interests during periods of incapacity due to age or injury. While they can serve many purposes, all trust funds involve three parties: The grantor (the person who sets up the trust), the trustee (the individual responsible for managing it) and the beneficiary (the individuals who receive its benefits).
Most trusts also involve a fourth party, the protector (the individual overseeing the trustee). These funds can effectively manage assets and ensure that they are passed on according to the grantor’s wishes. However, complex legal requirements are involved in setting up such a fund, and these should always be discussed with an experienced attorney. In addition, trustees are responsible for keeping accurate accounts of all transactions and ensuring proper tax returns are filed yearly. Ultimately, understanding how these funds work and consulting professionals when necessary is essential to protect your financial interests. Doing so makes you more likely to ensure your assets are safely transferred as intended.
How Does a Trust Fund Work?
Trust funds are assets created to hold property and assets in a complex structure of trustees, beneficiaries and other intermediaries. These funds are usually managed by an independent trustee who oversees the distribution of the asset according to the terms of the trust agreement. The beneficiary can then receive their inheritance with tax advantages and legal protections. Such funds can be set up for individuals or companies, such as charities, and can be used for various purposes. They can help protect wealth from creditors, provide income security for beneficiaries, fund educational expenses, pay medical bills and more.
They are also handy for larger estates that must be distributed equitably among multiple parties. Trusts can also provide protection against estate taxes should death occur during the trust’s existence. As with any financial asset, it is essential to research the legal implications of a trust fund and seek professional advice before establishing one. Doing so can help ensure that the fund meets your goals and wishes while providing security for future generations. With careful planning, this type of fund can be a powerful tool for preserving wealth in an orderly manner over time.
Revocable Trust Funds vs Irrevocable Trust Funds
Revocable trust funds can be altered or cancelled by the grantor, who retains control of the assets at any time. These types of trusts provide more flexibility for the grantor and can be used for planning for both long-term and short-term goals. On the other hand, an irrevocable trust cannot be changed or revoked once it is created. This type of trust protects the assets since they are now in a separate legal entity from the grantor’s estate. Irrevocable trusts also help avoid probate court costs while ensuring that the assets are transferred according to their creator’s wishes upon death.
Additionally, these trusts can provide tax advantages by removing income-generating assets from the grantor’s taxable estate. Ultimately, revocable and irrevocable trusts offer unique benefits depending on the grantor’s needs. It is essential to consult a financial expert to determine which type of trust works best for you.
Revocable Trust Fund
Revocable trust funds can be a great asset, but they also have drawbacks. The main advantage of setting up a revocable fund is that it allows you to maintain control over your assets while still providing the added protection and flexibility of a trust. That means you can change the terms of the trust or even revoke it altogether if need be. In addition, assets placed in an irrevocable trust are generally protected from creditors, lawsuits, and other claims.
On the downside, assets held in a revocable trust are still subject to taxes during the grantor’s lifetime. Additionally, all income earned by those assets will remain taxable at the grantor’s personal tax rate until his or her death. Furthermore, placing assets in a trust can limit the grantor’s ability to access and use those assets without going through the trustee. Finally, setting up a revocable fund may incur some legal fees, depending on the complexity of the trust document.
Overall, revocable trusts offer many advantages, but it is essential to weigh all the pros and cons before deciding whether or not to create one. Consulting with an experienced estate planning attorney can help you ensure that any decisions you make regarding your estate will align with your long-term goals and objectives.
Irrevocable Trust Fund
The main pro of Irrevocable Trust Funds is that assets placed into the trust are protected from creditors, lawsuits, and other legal challenges. This can benefit those who want to keep their wealth safe while they are alive and pass it on to future generations after death. Additionally, these funds provide tax benefits since they are not considered part of an estate’s taxable value when calculating inheritance taxes.
On the other hand, some drawbacks are associated with Irrevocable Funds. One of the biggest cons is that once you put assets into an irrevocable fund, you can no longer access or control them–you lose all rights to them and cannot make any changes to the trust agreement. Furthermore, these funds can also be expensive to set up and maintain. Finally, suppose you need access to the assets for any reason. In that case, you may have difficulty getting them out of the trust. Before doing so, you should understand the ramifications of establishing an irrevocable trust.
Ultimately, whether or not an Irrevocable Fund suits you will depend on your circumstances and goals. If properly managed, they can provide considerable protection from creditors and legal challenges while leaving a legacy for future generations. However, it’s essential to carefully consider all the pros and cons before taking the plunge into irrevocability.
The Different Types of Trust Funds
Asset Protection
Asset Protection is a fund used to protect the assets of individuals and businesses from creditors. It works by transferring ownership of assets to a trust, which means the individual or company no longer owns the assets, but instead is held in trust for the benefit of that person or entity. The trust can be created with specific provisions designed to protect the assets from various creditors, including those who may attempt to seize them through legal action. This type of trust is commonly used to prevent significant losses due to unexpected lawsuits or judgments against an individual or business. Transferring ownership of assets into a trust can provide asset protection while still providing access to their funds when needed.
Asset Protection trusts can also be used for tax planning, estate planning, or charitable giving. By using thus type of fund for Asset Protection, individuals and businesses can rest assured that their assets are safe from creditors, regardless of unforeseen circumstances. It is important to note that Asset Protection trusts may not be legal in all states, so it is wise to seek professional advice before setting up one. Once established, however, an Asset Protection trust can provide peace of mind and protection from unexpected losses.
Bare trusts
Bare trusts are commonly used as a child trust fund, such as when parents set aside money to help their children pay for college or buy their first home. The trustees of the trust management invest the funds on behalf of the beneficiary (the child). Upon reaching a certain age, such as 18 or 21, the funds in the trust can be released to the beneficiary, and they can use it however they choose. Bare trusts provide an easy way for parents to save money for their children while still having control over how that money is managed and invested. They also offer some tax advantages since any income generated by investments within the trust is taxed at lower rates than if held outside a trust. This makes bare trust an attractive option for those looking to set aside money for their children.
Additionally, bare trusts are often used as a way for people to provide financial assistance to family members in need without giving away control of the assets or worrying about tax consequences. By setting up a bare trust and placing the funds into it, the donor can ensure that they retain control over the asset while benefitting from reduced taxes on any income generated by those assets. This makes them an attractive option for providing help while protecting one’s finances.
Overall, bare trusts are a versatile tool that can be used in many situations where someone wishes to save money or provide financial assistance to another person with some degree of protection or tax benefit. They offer a variety of advantages and can be an essential part of a comprehensive financial or estate plan.
Charitable
A Charitable Trust Fund is a trust set up to benefit charitable organizations, causes, or individuals. The funds are typically managed and distributed by trustees for various purposes such as education, health care, environment protection, social welfare and more. A Charitable Fund can provide financial security to charities in need while offering donors a way to support their favourite causes.
Donors can choose which charities they want to keep before setting up the fund, and they can also decide how their money will be used and managed. Furthermore, Charitable Funds offer tax benefits for donors and recipients. Donating to a Charitable Fund can reduce their taxable income and help ensure that those in need receive vital services. Charitable Funds are a great way to impact society while providing financial security and tax benefits.
Individual Retirement Account
An Individual Retirement Account (IRA) trust fund is a type of retirement account that can help you save for your future. It is popular in the UK and Scotland due to its tax advantages, such as reducing your taxable income and allowing the money to grow tax-free until you are ready to retire. The funds can be invested in stocks, bonds, mutual funds, exchange-traded funds, or other investments.
With an IRA fund, you can access more investment options than if you were investing with a standard savings account. Additionally, when you withdraw from the account after retirement age (usually 59 ½), there are no taxes on your withdrawals. This makes an IRA fund an attractive option for those seeking long-term financial security.
Settlor-interested trusts
A Settlor-interested fund is a payment method where money is held in trust by a trustee for the benefit of the Settlor or the payment of specific expenses. The payment may be made from the fund to meet certain obligations, such as those arising out of a contract, or it may be used to provide income or capital gains. The payment must follow legal and tax rules that apply to trusts and can take many forms, ranging from direct costs to indirect benefits such as investments or loans. The payment will generally depend on the terms of the trust agreement, which sets out how much money should be transferred at any given time and who should receive it.
Sometimes, the payment may involve movable assets such as stocks, bonds or real estate. The payment is often made out of the fund to a designated beneficiary, who may be an individual or a legal entity such as a charity, government agency or business. The payment could also be used to pay expenses related to the trust, such as fees for advisors and lawyers. Ultimately, the payment should ensure that the Settlor’s goals are met while avoiding potential tax liabilities.
The payment from a Settlor-interested fund can provide crucial financial support in many different situations. It can help individuals manage their money more effectively and provide resources during difficult times. In addition, it can offer greater control over how assets are managed, with potential tax benefits included in some instances. However, due to the complexity of payment arrangements, it is essential to have an experienced attorney review and advise on any payment from a Settler-interested trust fund.
Discretionary trusts
A Discretionary Trust is a legal arrangement where payment of income and assets are given to the trustee who holds it for the benefit of the beneficiaries. The trustee has discretion over when and how much payment should be offered, which makes this type of trust valuable for those looking to protect their assets from creditors or manage estate planning. It is important to note that taxes must still be paid on any income a Discretionary Trust generates. In addition, the trustees are bound by fiduciary duties and can be held responsible for any mismanagement or misuse of funds. As such, proper management of the trust is essential to ensure its long-term success.
This type of trust can be beneficial in many ways, including ensuring that payment of assets is handled in an orderly manner or even allowing for the amount of regular income to beneficiaries. It is important to note that a Discretionary Trust must be set up correctly to protect its benefits and avoid legal issues. Consulting with a financial advisor or lawyer can help ensure your trust is structured correctly. Ultimately, Discretionary Trusts are valuable tools for those looking to manage their finances securely and efficiently.
Testamentary
A Testamentary trust fund is a trust created by a will and comes into existence upon the death of the person who made the will. This type of trust typically provides for an individual or group, such as grandchildren or other family members, to receive financial support from the estate after the testator’s death. The funds can be used for various purposes, including education costs or other expenses related to those designated beneficiaries.
The trustees named in the will are responsible for managing and distributing the assets held in the trust according to its terms. It’s important to note that while testamentary trusts provide many benefits, they also come with specific legal considerations and requirements that must be considered when drafting a will. To ensure that your wishes are carried out as intended, it is best to consult a knowledgeable attorney when creating a testamentary fund.
Testamentary trusts are an effective way to provide for your loved ones after you pass away and can be used in place of or in addition to other estate planning documents. They offer various advantages depending on the circumstances, such as flexibility in allocating assets and the ability to protect assets from creditors. With careful planning and sound legal advice, a well-structured Testamentary fund can help ensure your beneficiaries receive the financial support they need while protecting their inheritance from taxes, lawsuits, and other potential liabilities.
Qualified Personal Residence
Qualified Personal Residence Trusts (QPRT) are a type of trust that allows an individual to transfer their residence to a trust, allowing them to keep it for a certain period. During this period, the trust pays taxes on the residence and other related expenses. After this predetermined period has ended, the residence passes out of the control of the trust and is transferred to designated beneficiaries. It is important to note that while there can be tax benefits associated with QPRTs, they still require significant legal and financial planning to be successful.
Additionally, due to their complex nature, individuals should consult qualified professionals before utilizing one of these trusts. By adequately leveraging a QPRT, an individual can reduce or eliminate estate taxes and enjoy greater control over their residence. Overall, qualified personal residence trusts allow individuals to transfer the ownership of their residence in a way that is both advantageous from a tax perspective and provides them with greater control over it.
Medicaid
Medicaid funds are state and federal funds set aside to provide financial assistance to eligible individuals and families who cannot afford health care. The Medicaid program was created in 1965 as part of the Social Security Act, with states responsible for administering their trust funds and setting eligibility standards. These funds can cover various medical expenses, including doctor visits, hospital stays, prescription drugs, and more.
Most Medicaid recipients must meet specific income guidelines to qualify for benefits; however, some states may offer additional assistance for those with special needs or disabilities. Additionally, some states have programs that allow children to stay on their parent’s coverage past the age of 18. The amount of funding available from Medicaid funds varies from state to state based on the size of their populations and specific coverage needs. Overall, Medicaid trust funds are an essential source of healthcare funding for millions of Americans.
The Medicaid fund is a powerful resource that can help reduce financial strain for those needing medical care. While Medicaid programs are administered differently from state to state, every state has its fund dedicated to providing medical assistance for eligible individuals and families. In addition to helping people receive necessary treatments and prescriptions, these funds also provide vital support for hospitals, clinics, long-term care facilities, home healthcare providers, and other organizations serving vulnerable populations. Without the valuable resources offered by Medicaid funds, many individuals would likely be unable to access the quality care they require. Medicaid funds are essential to ensuring all Americans have access to the health care they need.
Through strategic management of Medicaid funds, states can ensure that resources are being used efficiently and effectively to provide quality healthcare services to those who need them most. Each state has its methods for determining eligibility, setting reimbursement rates, managing providers, and more—all to provide the best possible care while staying within its budget. With careful oversight and thoughtful planning, Medicaid funds can be a powerful tool in ensuring individuals receive the medical attention they need and deserve.
Marital
A Marital trust fund is a type of trust that can be used to manage assets and preserve wealth for a married couple. This type of trust typically holds all or part of the couple’s assets, such as personal property, real estate, stocks and bonds, or investments. The main benefits of having a marital fund are tax savings, asset protection, and increased financial security if one spouse passes away. The parties involved determine the terms and conditions of a marital trust fund.
Generally, they include determining how income generated from its assets should be distributed between spouses. At the same time, they are alive, as well as how any remaining funds should be disbursed upon the death of one spouse. Additionally, couples can use a marital fund to provide for their children in the event of death and establish rules on how assets are passed down. A marital fund can be an effective device to ensure that assets are preserved from generation to generation.
Marital funds also provide an excellent way for couples to manage the finances of their estate and give tax savings by allowing them to avoid capital gains taxes on investments or other assets. In addition, it can protect assets from creditors and help prevent disputes between spouses over financial matters which could arise during a divorce or separation. By establishing a marital trust fund, married couples have greater control over their finances and can take advantage of all the benefits available through this type of legal entity.
How Do I Start a Trust Fund?
Once you have decided to start a trust fund, you will need to consider what type of trust is best for your needs. Some of the more common types are testamentary trusts, inter vivos trusts and charitable trusts. Testamentary trusts are created in a will, while inter vivos trusts can be set up during one’s lifetime. Charitable trusts involve giving money or other assets to charities or non-profit organizations. Once you have chosen the type of trust that best suits your needs, you will need to contact a lawyer or financial adviser specialising in creating such arrangements. The specialist will help ensure all the necessary legal documents are filled out correctly and filed with the proper authorities.
Next, you’ll want to determine who will manage and control the fund. This is known as the trustee and can be a person or entity such as a bank. The trustee is responsible for following the instructions outlined in the trust document, managing investments, paying taxes, and distributing funds according to your wishes. It would help if you also decided who would benefit from the fund. This could be family members, friends, charities or other organizations.
It would help if you looked into setting up an investment plan that best suits your needs and those of the beneficiaries. This may involve consulting with a financial adviser on what investments are appropriate for you, given your risk tolerance and financial goals. Finally, you’ll want to ensure all relevant paperwork – including deeds/titles of property and other assets, bank accounts, etc. – is registered in the fund’s name.
By taking these steps and ensuring that all documents are filled out correctly, you can ensure your fund will be managed according to your wishes for years to come. It may also be a good idea to review the trust regularly with a financial advisor or lawyer to ensure it remains current with current laws and regulations. Doing this helps protect your beneficiaries’ interests while ensuring the trust continues to meet your needs. With careful planning and professional advice, starting a fund can give you peace of mind knowing that those you care about are provided for in the future.
Are Trust Funds Taxed?
Trust funds are subject to taxation, but the extent of taxation depends on various factors. Generally, trust funds that receive income from investments like stocks and bonds will be taxed. Furthermore, estates set up post-death may also be subject to inheritance taxes.
When determining how a fund is taxed, there are two primary considerations: the type of fund and the filing status of the beneficiary. For example, if an individual established a trust fund for themselves or their spouse and they file taxes jointly, then any income will be taxed at the same rate as their income tax rate. On the other hand, if a grandparent created the fund for their grandchildren’s benefit, the tax rate may differ.
Finally, it’s important to note that trust funds can also be subject to other taxes like capital gains and gift taxes. Therefore, it is always best to consult with a tax professional when dealing with trust fund taxation. Doing so will help ensure that you comply with all applicable laws and regulations and minimise your overall tax burden.
FAQs
Is it worth having a trust fund?
It’s worth considering whether a trust fund is good for you. Trust funds can provide financial security, protect your assets from creditors, and allow you to control how your money is distributed after you die. But they also come with drawbacks, such as hefty fees and complex rules that can be difficult to navigate.
Plus, depending on the type of trust fund you choose, it might not give you the flexibility or freedom to spend your money as freely as if it were in a personal account. Ultimately, a trust fund may be worth it for some people but not for others; it depends on your needs and goals. Before committing to one, do plenty of research and talk to an expert, so you understand all the potential pros and cons.
How much money comes into a trust fund?
The amount of money that comes into a trust fund depends on the type of trust. Generally speaking, trusts are funded through an initial contribution or ongoing contributions from the trustor or beneficiary. The size and frequency of these contributions will vary depending on the terms and purpose of the trust.
Trusts can also be funded through investments in stocks, bonds, real estate, or other assets. In addition, some trusts may allow beneficiaries to make periodic withdrawals as needed. Ultimately, how much money comes into a trust fund will depend on various factors, including the type of trust and its funding sources.
Who owns the money in a trust fund?
The answer to who owns the money in a trust fund depends on the type of trust set up. Generally, the grantor (the person who sets up the trust) nominates a trustee to manage and invest the money for the benefit of one or more beneficiaries. The trustee has legal ownership of the assets in the trust. However, they must act according to any conditions set out by the grantor as part of establishing the trust.
Therefore, even though technically it is owned by the trustee, it can only be used for purposes specified by law or instructed by the grantor. This means that, ultimately, beneficiaries may have rights over how money in a fund is spent, which will depend on what has been set out in the trust agreement. It is important to note that this varies significantly depending on what type of trust has been set up, and it is recommended to seek professional advice when setting up a fund.
- Business Performance Coaching: All You Need To Know - June 1, 2023
- Professional Development: What Is and Why Is It Important? - May 25, 2023
- Small Business Advice UK - May 22, 2023
'/%3e%3cpath d='M151.5 44.2h-1.6l.4-1.2H145l4.3 3-1.7 5 4.3-3-.7-.6.3-3.2ZM159 43h-5.3l.4 1.2h-1.6l.3 3.2-.8.5 4.3 3.1-1.6-5 4.3-3Zm-7-5-1.7 5h3.4l-1.7-5Z' fill='url(%23b)'/%3e%3cpath d='M166.5 44.2h-1.6l.4-1.2H160l4.3 3-1.7 5 4.3-3-.7-.6.3-3.2ZM174 43h-5.3l.4 1.2h-1.6l.3 3.2-.8.5 4.3 3.1-1.6-5 4.3-3Zm-7-5-1.7 5h3.4l-1.7-5Z' fill='url(%23c)'/%3e%3cpath d='M181.5 44.2h-1.6l.4-1.2H175l4.3 3-1.7 5 4.3-3-.7-.6.3-3.2ZM189 43h-5.3l.4 1.2h-1.6l.3 3.2-.8.5 4.3 3.1-1.6-5 4.3-3Zm-7-5-1.7 5h3.4l-1.7-5Z' fill='url(%23d)'/%3e%3cpath d='M196.5 44.2h-1.6l.4-1.2H190l4.3 3-1.7 5 4.3-3-.7-.6.3-3.2ZM204 43h-5.3l.4 1.2h-1.6l.3 3.2-.8.5 4.3 3.1-1.6-5 4.3-3Zm-7-5-1.7 5h3.4l-1.7-5Z' fill='url(%23e)'/%3e%3cpath d='M211.5 44.2h-1.6l.4-1.2H205l4.3 3-1.7 5 4.3-3-.7-.6.3-3.2ZM219 43h-5.3l.4 1.2h-1.6l.3 3.2-.8.5 4.3 3.1-1.6-5 4.3-3Zm-7-5-1.7 5h3.4l-1.7-5Z' fill='url(%23f)'/%3e%3cpath d='m146.6 23.4-2.4-.6 1-9.3h10v2.6h-7.5l-.5 4.5a6 6 0 0 1 3-.7 6 6 0 0 1 2.3.4c.7.3 1.3.7 1.7 1.3.5.5.9 1.1 1.1 2a8.1 8.1 0 0 1 0 4.9c-.2.7-.6 1.4-1 2-.6.5-1.2 1-2 1.3a7 7 0 0 1-2.6.5c-.8 0-1.6-.2-2.3-.4a6 6 0 0 1-1.9-1 5.1 5.1 0 0 1-1.9-3.9h3c0 .6.3 1.1.5 1.5.3.4.6.8 1 1l1.5.3c.6 0 1 0 1.4-.3.3-.1.7-.4.9-.7.3-.4.4-.8.6-1.3a5.9 5.9 0 0 0 0-3l-.7-1.2-1-.7c-.4-.2-1-.3-1.4-.3-.8 0-1.3.1-1.7.3-.4.2-.8.5-1 .8ZM158.5 30.5c0-.5.1-.9.5-1.2.3-.3.7-.5 1.3-.5.5 0 1 .2 1.3.5.3.3.5.7.5 1.2s-.2.8-.5 1.2c-.3.3-.8.5-1.3.5-.6 0-1-.2-1.3-.5-.4-.4-.5-.7-.5-1.2ZM177.5 21.2v3c0 1.5-.2 2.7-.5 3.7s-.7 1.9-1.2 2.5c-.5.6-1.2 1.1-2 1.4-.6.3-1.5.5-2.4.5a7 7 0 0 1-2-.3 5 5 0 0 1-3-2.4c-.3-.7-.6-1.4-.8-2.3a15 15 0 0 1-.3-3v-3c0-1.5.2-2.8.5-3.8s.7-1.8 1.2-2.4c.5-.7 1.2-1.1 1.9-1.4.7-.3 1.6-.4 2.5-.4a7 7 0 0 1 2 .2 4.8 4.8 0 0 1 3 2.4c.3.6.6 1.4.8 2.3.2.8.3 1.8.3 3Zm-3.1 3.5v-4l-.1-1.9-.4-1.4-.6-1c-.3-.2-.5-.4-.9-.5a3 3 0 0 0-1-.2c-.5 0-1 0-1.3.3-.4.1-.7.4-1 .8l-.5 1.6-.2 2.4v3.9l.1 2 .4 1.4.6 1c.3.2.5.4.9.5.3.2.6.2 1 .2.5 0 1 0 1.3-.3.4-.1.7-.4 1-.9.2-.4.4-.9.5-1.6l.2-2.3ZM190 19.2l-5 13.9h-1.7l5-13.9h1.6ZM198 26l-1.7-.4.7-6.4h6.9V21h-5.2l-.3 3.1a4.1 4.1 0 0 1 2-.5c.6 0 1.2.1 1.6.3.5.2 1 .5 1.3.9.3.3.5.8.7 1.3a5.6 5.6 0 0 1 0 3.5c-.1.5-.4 1-.7 1.3-.4.4-.8.7-1.4 1-.5.2-1.1.3-1.8.3l-1.6-.3c-.4-.1-.9-.3-1.3-.6a3.5 3.5 0 0 1-1.3-2.8h2l.4 1.1.7.7 1 .2c.4 0 .7 0 1-.2.3-.1.5-.3.6-.5l.4-.9a4 4 0 0 0 0-2c0-.4-.2-.7-.4-.9l-.7-.5c-.3-.2-.6-.2-1-.2-.5 0-1 0-1.2.2l-.7.5ZM206.2 31c0-.4.1-.7.3-.9.3-.2.6-.3 1-.3.3 0 .6 0 .8.3.3.2.4.5.4.8 0 .4-.1.6-.4.9-.2.2-.5.3-.9.3l-.9-.3c-.2-.3-.3-.5-.3-.9ZM219.3 24.5v2.1c0 1 0 1.9-.3 2.6-.2.7-.4 1.3-.8 1.7-.4.4-.8.8-1.3 1a5 5 0 0 1-3.1.1 3.4 3.4 0 0 1-2.1-1.7 6 6 0 0 1-.6-1.6l-.2-2v-2.2c0-1 .1-1.8.3-2.5.2-.7.5-1.3.9-1.7.4-.5.8-.8 1.3-1a4.9 4.9 0 0 1 3.1-.1 3.3 3.3 0 0 1 2 1.7c.3.4.5 1 .6 1.5.2.6.2 1.3.2 2.1Zm-2 2.4v-2.7L217 23a4 4 0 0 0-.2-1 2 2 0 0 0-.5-.7l-.5-.4a2 2 0 0 0-.8 0 2 2 0 0 0-.8.1c-.3.1-.5.3-.7.6l-.4 1-.1 1.7v4.1l.3 1 .4.7.6.4h.8l.8-.1c.3-.1.5-.3.7-.6l.4-1.1.1-1.7Z' fill='%23E7711B'/%3e%3cpath d='m149.1 66 2.1-6.1h1l-2.6 7.1h-.7l.2-1Zm-2-6.1 2.1 6 .3 1.1h-.7l-2.7-7.1h1ZM154 61.7V67h-.9v-5.3h1Zm-1-1.4.2-.4.4-.1.4.1.1.4-.1.4-.4.1-.4-.1-.1-.4ZM157.7 67.1c-.4 0-.7 0-1-.2a2.3 2.3 0 0 1-1.3-1.3 3 3 0 0 1-.1-1v-.3l.1-1.1.6-.9a2.2 2.2 0 0 1 2.5-.5c.3.1.5.3.7.6l.4.8.1 1v.4h-4V64h3.1l-.1-.8-.4-.5c-.2-.2-.4-.2-.7-.2a1.2 1.2 0 0 0-1 .5c-.2.1-.3.4-.3.6l-.1.8v1l.4.5.5.4.6.2.8-.2c.3-.2.5-.3.6-.6l.6.5-.5.5a2 2 0 0 1-.6.4l-1 .1ZM162.1 66l1.4-4.3h.6l-.1.9-1.4 4.4h-.6l.1-1Zm-.9-4.3 1.2 4.4v.9h-.6l-1.5-5.3h1Zm4.2 4.4 1-4.4h1l-1.6 5.3h-.6l.2-1Zm-1.2-4.4 1.3 4.3.2 1h-.6l-1.4-4.4-.1-.9h.6ZM174 66.1v-2.7l-.2-.6-.4-.3-.6-.2c-.2 0-.4 0-.6.2a1 1 0 0 0-.4.3l-.2.4h-.9c0-.2 0-.4.2-.6 0-.2.2-.3.4-.5.2-.1.4-.3.7-.3l.8-.2c.4 0 .8 0 1 .2.4.1.6.3.8.6l.2 1v3l.2.5v.1h-1v-.9Zm0-2.3v.6h-.8l-.7.1c-.2 0-.4 0-.5.2-.2 0-.3.2-.4.3v.9l.4.3.6.1a1.5 1.5 0 0 0 1.2-.6l.2-.5.4.4-.2.5a2.2 2.2 0 0 1-1 .9 2 2 0 0 1-.8.1 2 2 0 0 1-1-.2c-.2-.2-.4-.3-.5-.6-.2-.2-.3-.5-.3-.8 0-.3 0-.5.2-.7l.5-.6.7-.3a4 4 0 0 1 1-.1h1ZM177.2 59.5V67h-.9v-7.5h1ZM179.6 59.5V67h-.9v-7.5h1ZM184.5 62.5V67h-1v-5.3h1v.8Zm1.6-.8v.8h-1l-.4.4-.2.4-.2.5-.2.2v-1l.4-.7.5-.5a1.4 1.4 0 0 1 1.1-.1ZM189 67.1c-.3 0-.6 0-1-.2a2.3 2.3 0 0 1-1.2-1.3 3 3 0 0 1-.2-1v-.3c0-.4 0-.8.2-1.1l.5-.9a2.2 2.2 0 0 1 2.6-.5c.3.1.5.3.7.6l.4.8.1 1v.4h-4V64h3.1l-.1-.8-.4-.5c-.2-.2-.5-.2-.8-.2a1.2 1.2 0 0 0-1 .5l-.3.6v1.8l.3.5.5.4.7.2.8-.2.6-.6.5.5-.4.5a2 2 0 0 1-.6.4l-1 .1ZM193.7 66.2l1.5-4.5h.9l-2 5.3h-.5l.1-.8Zm-1.2-4.5 1.5 4.5v.8h-.5l-2-5.3h1ZM198 61.7V67h-1v-5.3h1Zm-1-1.4V60l.5-.1.4.1.1.4-.1.4-.4.1-.4-.1-.2-.4ZM201.6 67.1c-.4 0-.7 0-1-.2a2.3 2.3 0 0 1-1.3-1.3 3 3 0 0 1-.2-1v-.3l.2-1.1.5-.9a2.2 2.2 0 0 1 2.6-.5c.3.1.5.3.7.6l.4.8.1 1v.4h-4V64h3.1l-.1-.8-.4-.5c-.2-.2-.4-.2-.8-.2a1.2 1.2 0 0 0-1 .5 2 2 0 0 0-.3.6v1.8l.4.5c0 .2.3.3.5.4l.6.2.8-.2.6-.6.6.5-.5.5a2 2 0 0 1-.6.4l-1 .1ZM206 66l1.4-4.3h.6l-.1.9-1.4 4.4h-.6l.1-1Zm-.9-4.3 1.2 4.4v.9h-.6l-1.5-5.3h.9Zm4.2 4.4 1-4.4h1l-1.6 5.3h-.6l.2-1Zm-1.2-4.4 1.3 4.3.2 1h-.6l-1.4-4.4-.1-.9h.6ZM215.3 65.6l-.1-.4-.4-.3-.7-.2-.8-.2-.6-.3-.4-.5-.1-.5v-.6l.5-.5.6-.4h.8l1 .1.8.6.2.9h-.9l-.1-.5a1 1 0 0 0-.4-.3l-.6-.1h-.6c-.2.2-.3.2-.3.4a.7.7 0 0 0 0 .6v.2l.5.2.6.2c.4 0 .8.2 1 .3l.7.5.2.7a1.4 1.4 0 0 1-.6 1.2 2 2 0 0 1-.6.3l-.9.1c-.4 0-.8 0-1.1-.3-.4-.1-.6-.3-.8-.6l-.2-.8h.9c0 .2 0 .4.2.6l.5.3a1.9 1.9 0 0 0 1.2 0l.3-.3.2-.4Z' fill='%23003466'/%3e%3cdefs%3e%3clinearGradient id='a' x1='97.1' y1='21.1' x2='83.9' y2='40' gradientUnits='userSpaceOnUse'%3e%3cstop stop-color='%23FFA700'/%3e%3cstop offset='1' stop-color='%23FF7100'/%3e%3c/linearGradient%3e%3clinearGradient id='b' x1='155.4' y1='40.3' x2='148' y2='51.2' gradientUnits='userSpaceOnUse'%3e%3cstop stop-color='%23FFA700'/%3e%3cstop offset='1' stop-color='%23FF7100'/%3e%3c/linearGradient%3e%3clinearGradient id='c' x1='170.4' y1='40.3' x2='163' y2='51.2' gradientUnits='userSpaceOnUse'%3e%3cstop stop-color='%23FFA700'/%3e%3cstop offset='1' stop-color='%23FF7100'/%3e%3c/linearGradient%3e%3clinearGradient id='d' x1='185.4' y1='40.3' x2='178' y2='51.2' gradientUnits='userSpaceOnUse'%3e%3cstop stop-color='%23FFA700'/%3e%3cstop offset='1' stop-color='%23FF7100'/%3e%3c/linearGradient%3e%3clinearGradient id='e' x1='200.4' y1='40.3' x2='193' y2='51.2' gradientUnits='userSpaceOnUse'%3e%3cstop stop-color='%23FFA700'/%3e%3cstop offset='1' stop-color='%23FF7100'/%3e%3c/linearGradient%3e%3clinearGradient id='f' x1='215.4' y1='40.3' x2='208' y2='51.2' gradientUnits='userSpaceOnUse'%3e%3cstop stop-color='%23FFA700'/%3e%3cstop offset='1' stop-color='%23FF7100'/%3e%3c/linearGradient%3e%3c/defs%3e%3c/svg%3e)