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Liquidating Trust Agreement
"I need a Liquidating Trust Agreement to manage the orderly wind-down of a UK tech company with international assets, ensuring fair distribution to creditors across multiple jurisdictions, with the trust to commence by March 2025."
1. Parties: Identification of trustee(s), beneficiaries, and settlor
2. Background: Context of trust creation and purpose of liquidation
3. Definitions: Key terms used throughout the agreement
4. Trust Creation: Establishment of trust and transfer of assets
5. Trustee Powers: Specific powers granted to trustees for liquidation
6. Distribution Provisions: Rules for distributing trust assets
7. Term and Termination: Duration of trust and termination conditions
1. Tax Provisions: Specific tax treatment instructions, used when specific tax planning is required
2. Foreign Asset Provisions: Handling of overseas assets, used when trust includes non-UK assets
3. Successor Trustee Provisions: Process for appointing replacement trustees, used when long-term administration is anticipated
1. Schedule of Assets: Detailed list of trust assets
2. Distribution Schedule: Specific instructions for asset distribution
3. Trustee Compensation Schedule: Details of trustee fees and expenses
4. Beneficiary Information: List of beneficiaries and their entitlements
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