The setup involves an existing trust, a sale of shares in his privately held property at a large discount, and a loan from Mr. Maggi among other things.
Right before selling, he donated the company to a charitable trust for music education, so all the proceeds from the sale went to the charitable trust.
This is because their ownership has been transferred to a trust fund ahead of their sale, GM Europe confirmed in a statement.
One is that if you die when the note is outstanding, the taxmen could impose capital gains tax on the sale to the trust.
Another technique that's gaining adherents is something called an installment sale to a defective trust.
Graham Goddard, new hospital development director at the NHS trust, said proceeds of the sale would be reinvested in the new Tunbridge Wells Hospital.
On Wednesday September 4th, he granted the protesters an injunction, preventing the school trust from going ahead with the sale until the court has considered the possible consequences on the town.
Each sale of gold by the trust is a taxable event to shareholders.
In a note to investors, Credit Suisse analyst William Drewrey said that a significant impediment to a sale is the Scripps Family Trust, which controls a majority of the company's voting shares.
Company Y common stock owned by any trust created hereunder: all decisions regarding the sale or retention of such stock and all voting of such stock.
For the rest of us, a successful sale involves the delicate art of creating trust without pushing it.
The trust hopes to raise the cash needed by the sale of land occupied by offices and a former training college.
The Swans story began in August 2001 when a supporters trust was formed when the club was up for sale and struggling to find a new owner.
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When the dust settled, Nasdaq had OMX and a foothold in London, and Borse Dubai had a 30% stake in Nasdaq (10% of which is in a nonvoting trust to honor U.S. laws prohibiting the sale of strategic assets to foreigners).
In fees and tax uncertainties the insurance-enhanced installment sale is a close match for the discredited annuity trust.
Under the sale plan for Chrysler, a UAW health-care trust will receive a 55% stake in the bankrupt automaker (though no voting role on the board), while Italy's Fiat will take control with a 20% stake.
The National Trust successfully campaigned to save Seaton Delaval Hall when it was put up for sale in 2008.
In particular, a GRAT may appeal to people who have a liquidity event, such as a sale, on the horizon, or expect depreciated assets to recover during the trust term.
Scot Stokes tried to use a trust, with Orr as one of the trustees, to defer capital gains taxes on his sale of a pizza parlor in Butte, Mont.
Also, there can be an installment sale (when the value of the asset is low) to a defective grantor trust that is a completed transfer but not taxed for income tax purposes.
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Alternatively, she could direct in the will that her share of the house is held in a trust, and that you have a right to occupy so that the others cannot force a sale - albeit they will ultimately receive a share of the proceeds should it be sold.
John Gibson, founder of the Undershaw Preservation Trust, said a friend of the trust had been given an asking price over the phone but campaigners had not been able to obtain any sale particulars about the property or find a website with the information.
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