Set up a
Qualified Settlement Funds Trust with this Irrevocable Trust Agreement template for the USA.
- A QSF trust is created pursuant to Section 468B of the Internal Revenue Code, following a debtor's filing of a Chapter 11 bankruptcy petition.
- The trustee will hold the assets and proceeds of the debtor until such time as the trustee settles with the creditors.
- This form of trust allows the debtor to liquidate appreciated assets, pay the proceeds into trust for the benefit of the creditors and take a current income tax deduction for the payment.
The
USA Qualified Settlement Funds Trust Agreement re Chapter 11 Filing is available in MS Word format, and can be edited to fit your specific circumstances.
