Sentences with phrase «distributing the assets according»

The Trustee serves as the legal owner of the Trust's assets and is responsible for managing and distributing the assets according to the terms of the Trust.

Not exact matches

The company's assets include the rights to some of its award - winning films it produced and distributed as well as some of the rights deals to films that are still in production, according to CNNMoney.

According to the Financial Times, four major creditors filed a petition this month asking the court to pull Mt. Gox out of bankruptcy in order to distribute its bitcoin assets among claimants.

By law, many non-profit foundations would be required to distribute at least 5 percent of assets annually, according to the Council on Foundations.

The rest of the states fall under equitable distribution law, which means assets are distributed fairly (but not necessarily equally) according to income, circumstances leading up to the divorce and other factors.

Reviewing these designations regularly can ensure that assets are distributed according to the owner's wishes.

The first is that when you pass away, all of your assets are distributed according to the terms of the trust, without the need for going to Court.

The Successor Trustee, who you've picked during your lifetime, steps in and manages the assets and distributes them according to what the document says, without obtaining a Court Order, in order for them to pass according to your wishes.

According to E! News, the musician's younger sibling has taken legal action to ensure that his estimated $ 300 million in assets is distributed.

This ensures that your retirement assets are distributed according to your wishes should you pass away.

If you have a family trust, the trust continues and its assets will also be distributed according to the trust deed, no matter what is written in your will.

A trustee administers the trust, makes decisions about trust assets and is responsible for distributing income and capital according to the number of units each investor holds.

Your assets will be distributed according to intestacy laws in the relevant state or territory.

A trust is a legal entity that holds assets on behalf of the beneficiary and appoints a trustee to distribute them according to your instructions.

When people die without a will, it is considered intestate and the courts will appoint an executor to administer an estate with the assets distributed according to the rules laid out provincially.

That means your assets and estate are distributed according to the generic laws in your state.

As with personal insolvency the assets of the company are distributed according to the rank of the creditors and the amount claimed, but a liquidator appointed by the Department of Trade and Industry undertakes the distribution of the assets.

After the period of time allotted for creditors to make claims on the Estate has elapsed, you will distribute all of the Estate's remaining assets according to the Will and / or state law.

According to Cohen Milstein's Braun, the court distributing the Bank Markazi assets «rebuffed our clients» efforts to share in those assets — incorrectly in our view.»

The people so appointed will be the executors and it will be their responsibility to collect the testator's assets, pay the taxman and the other liabilities of the estate and distribute the balance according to the testator's wishes.

It helps to ensure that your assets are distributed according to your wishes.

Estate planning serves to protect your assets from creditor claims and ensure that they will be distributed according to your wishes, with a minimum of tax exposure and court intervention.

Your assets and estate are distributed according to the generic laws in your state.

If it's a voluntary dissolution: the assets remaining after paying all the creditors are distributed among the owners according to their ownership percentages or by some other agreement.

Trustee — The Trustee is the person or entity that is established to manage and distribute the trust assets according to the trust documents.

Without a will, the state decides how to distribute your assets to your beneficiaries according to its laws.

If there is no Will, the proceeds, along with other assets of the estate, are distributed according to the laws of intestate successation of the state in which the insured died.

Finally, it distributes the marital assets between the two parties in according to the protocols of community property division.

Generally, assets held in a revocable living trust are distributed according to the instructions in the trust regardless of the instructions in your will — with no need for court supervision.