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's three greatest hotels were the Laurel House (opened in 1880; closed in 1932), the Lakewood Hotel (opened January 1891, closed in 1925), and the Laurel-in-the-Pines (opened December 1891, burned down in 1967).