Definition of liquidating trust sex dating in winfield iowa

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co.

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S.), annihilate, exterminate, bump off (slang), rub out (U. However, to receive this favorable tax treatment, a trust must qualify as a liquidating trust.Without the benefit of insurance, a challenge to a trust’s status could lead to the diminution in value of the trust assets, or worse, if the challenge is made after funds have been distributed, there may not be sufficient trust assets to defend such challenge, or pay any tax, interest or penalties, and the practical recovery of funds from beneficiaries may be difficult.Ambridge’s Liquidating Trustees Liability Insurance policy has been developed to address the unique exposures facing liquidating trusts and their trustees.Because liquidating trusts are formed to maximize value and distribute to creditors some or all of the proceeds of divested assets of a formerly distressed and now liquidated entity, trusts and trustees are subject to scrutiny of already disgruntled beneficiaries or other third parties who may disagree with the manner in which the trustee is attempting to liquidate otherwise illiquid assets.