The trust can then use the proceeds of the loan to purchase the assets it will hold. For example, in the case of an estate freeze, a small loan of, say, $100, ought be enough for the trust to buy the family companyâs new common shares at a nominal par value. The trust can repay the loan when it receives the first dividend check. The Bottom Line
Lakewood, California. Lakewood is a city in Los Angeles County, California, United States. The population was 80,048 at the 2010 census. It is bordered by Long Beach on the west and south, Bellflower on the north, Cerritos on the northeast, Cypress on the east, and Hawaiian Gardens on the southeast.
Lakewood was incorporated as a township by an Act of the New Jersey Legislature on March 23, 1892, from portions of Brick Township. Portions of Howell Township in Monmouth County were annexed to Lakewood Township in 1929. Lakewood is one of the hubs of Orthodox Judaism and is home to one of the largest yeshivas in the world. The large Orthodox population, comprising more than half of the township's population, wields considerable political clout in Lakewood Township, commanding a bloc of about 10,000 votes.