Add date in the Liquidating Trust Agreement effortlessly

Aug 6th, 2022
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How to add date in Liquidating Trust Agreement online

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How to Add date in the Liquidating Trust Agreement

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hello everyone youre watching saheb Academy if you like our videos then please subscribe to our Channel and also hit the bell again for the regular updates and also follow us on Instagram so have Academy now lets go to the video hi everyone this is the fourth video of liquidation chapter now in the previous three videos we have seen the concept of liquidation the format of liquidator statement of account and in the previous video thats the third video we have solved a problem and in that problem we have focused on the liquidators remuneration especially how to calculate when sufficient funds are not available how to calculate the liquidator the remuneration on unsecured creditors its sufficient fund is not available right how to do that and all we have discussed in the previous video right the previous problem was a small problem which would come for you know for marks five months six months depending upon the universities now in this video what are they going to do is in this vid

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Liquidating trusts are grantor trusts. The identity of the grantor depends on whether a letter ruling is obtained from the Service pursuant to Rev. Proc. 94-45.
A liquidating trust is a new legal entity that becomes successor to the liquidating fund. The remaining assets and liabilities are transferred into the newly formed trust and the former owners of the liquidating fund become unit holders or beneficiaries of the trust.
A liquidating trust formed for the primary purpose of liquidating and distributing the assets transferred to it is taxed as a trust, and not as an association, despite the possibility of profit ( Reg. 301.7701-4(d)).

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