Sentences with phrase «distribution of assets after»

Estate Planning also provides for an organized distribution of assets after the death of a person.

The process of directing the distribution of your assets after your death, or planning for the management of assets in the event of your incapacity.

Not exact matches

MLP funds accrue deferred income taxes for future tax liabilities associated with the portion of MLP distributions considered to be a tax - deferred return of capital and for any net operating gains as well as capital appreciation of its investments; this deferred tax liability is reflected in the daily NAV; and, as a result, the MLP fund's after - tax performance could differ significantly from the underlying assets even if the pre-tax performance is closely tracked.

If any Shares remain outstanding after the date of termination, the Trustee thereafter shall discontinue the registration of transfers of Shares, shall not make any distributions to Shareholders, and shall not give any further notices or perform any further acts under the Trust Agreement, except that the Trustee will continue to collect distributions pertaining to Trust assets and hold the same uninvested and without liability for interest, pay the Trust's expenses and sell Bitcoins as necessary to meet those expenses and will continue to deliver Trust assets, together with any distributions received with respect thereto and the net proceeds of the sale of any other property, in exchange for Shares surrendered to the Trustee (after deducting or upon payment of, in each case, the fee to the Trustee for the surrender of Shares, any expenses for the account of the Shareholders in accordance with the terms and conditions of the Trust Agreement, and any applicable taxes or other governmental charges).

Upon dissolution or winding up of said corporation's affairs, whether voluntary or involuntary, all of its assets then remaining in the hands of the board of directors shall, after paying or making provision for payment of all of said corporation's liabilities, be distributed, transferred, conveyed, delivered, and paid over only to educational, scientific, literary, or charitable organizations that are exempt from federal income tax under section 501 (c)(3) of the Internal Revenue Code of 1986, as amended, and which are not private foundations within the meaning of section 509 (a) of the Internal Revenue Code of 1986, as amended, on whatever terms and conditions and in whatever amounts the board of directors may determine, for use exclusively for educational, scientific, literary, or charitable purposes, except that no distribution shall be made to organizations testing for public safety.

Accordingly, after much consideration we felt compelled to call this special meeting of stockholders to remove the existing directors and to elect new, truly independent directors who, if elected, will take actions to benefit all stockholders, including redeeming Avigen's stockholder rights plan, working to consummate the proposed transaction with MediciNova and / or working to complete a distribution of Avigen's assets to all stockholders.

Accordingly, after much consideration we felt compelled to call the Special Meeting to remove the existing directors and to elect new, truly independent directors who, if elected, plan to take actions to benefit all stockholders, including redeeming Avigen's stockholder rights plan, working to consummate the proposed transaction with MediciNova and / or working to complete a distribution of Avigen's assets to all stockholders.

Once you make a nondeductible contribution to a Traditional IRA or rollover after - tax amounts, any distributions taken from the IRA will include a prorated amount of pre-tax and post-tax assets.

As of right now, after the special dividend, there is a high risk that the remaining assets are used to chase after aquisitions instead of making more distributions to shareholders.

After you file for bankruptcy, most of your assets become property of the estate and subject to sale and distribution to the creditors.

The deposit of assets must occur no later than the 60th day after receipt of the distribution.

Once you make a nondeductible contribution or roll over after - tax amounts to any of your Traditional, SEP or SIMPLE IRA, any subsequent distributions from any of your Traditional, SEP or SIMPLE IRAs will include a prorated amount of pretax and post-tax assets, as these IRAs are aggregated for the purposes of determining the taxable amount of any distributions.

In addition, each share of each Fund is entitled to participate equally with other shares (i) in dividends and distributions declared by such Fund and (ii) on liquidation to its proportionate share of the assets remaining after satisfaction of outstanding liabilities.

The press release made no mention of any assets (intellectual or otherwise) to be disposed of by the company after the initial cash distribution, though I expect further information will be forthcoming in the shareholder proxy material.

The distribution follows the final settlement of the sale of Aspen's California oil and gas assets to Venoco, Inc., at which the parties made a number of immaterial adjustments to the purchase price paid at the June 30, 2009 closing, and made certain other payments that were not determined until after the closing.

We do not intend to make any further distributions until after we sell, liquidate or otherwise dispose of our remaining non-cash assets, consisting primarily of our RenovaTM Cortical Stimulation System and related intellectual property, and pay or otherwise make reasonable provision for the payment of claims against and obligations of Northstar.

The distributions are illustrated for the case of holding a 50 percent stock allocation without the use of a DIA, and for the case of maintaining a 65 percent stock allocation with remaining financial assets after devoting $ 324,000 (half of the median allocation to fixed income) to the DIA.

Mrs Vaughan contended that all of that money (# 175,000) should be «factored back» into the pot of assets and treated as still available for distribution, with any doubt about the appropriate sum falling at the husband's door — he had spent the money, after all, and could give no sufficient account about what had become of it.

Distribution: The transfer of the assets of a deceased person's estate to the heirs, after all debts, claims, and taxes have been paid.

Remaining assets: Trust assets that remain after paying debts and expenses of the trust and making the specific distributions as specified in the trust.

Estate assets, plus any additional funds collected into the estate during the course of the administration (for example, judgments debts collected after the deceased died), must be used to pay the estate creditors before there can be any distribution to the estate beneficiaries.

The value of the trust was found to be the fair market value of its assets as of the date of adjudication (after taking into account the costs of distribution and any income tax liability) and it was ordered to be divided equally between the parties.

A common way to do this is through the use of an Irrevocable Life Insurance Trust (ILIT) that transfers policy ownership to a trustee who manages asset distribution after the insured's passing.

The purpose of this post is to discuss what Oregon divorce courts can do after divorce if an asset was left out of the distribution.

After giving effect to the distribution, Capmark Bank had stockholders» equity of approximately $ 400 million and its remaining assets consisted primarily of cash.

Probate is the governing process for the distribution of a person's assets after they pass away.