Establishing a liquidating trust
Trust officials chose to allocate those surplus funds to Veterans’ issues.
Since the launch of My VA, the largest transformation in the history of VA, the department has entered into new collaborations with dozens of external organizations to combat issues of homelessness, suicide and Veteran unemployment.
If you created the trust and it was revocable until your death, the trustee needs the value of all your assets, including the value of trust property, to find out if its total value exceeds the estate tax exemption, which is ,250,000 as of 2013.
For more information about VA’s Homeless Programs, visit
and certain of its affiliates (the "Debtors") filed for bankruptcy protection under Chapter 11 of the Bankruptcy Code on March 17, 2015, meaning that this bulk filing occurred on the eve of the statutory two-year deadline. The Plan called for the establishment of a Liquidation Trust on the Effective Date for the purposes of liquidating and administering the Liquidation Trust Assets and making distributions on account thereof.
The trust document establishes the existence of your trust, the role of the trustee, her authority to deal with third parties such as bank officials, and her authority to liquidate trust assets.
She will also need the title deeds to all titled property owned by the trust – real estate deeds and bank account documents, for example. Normally, these are listed in the trust document or an appendix.
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Garden City Group, LLC is the claims agent in the Quicksilver Resources bankruptcy cases.