USA Qualified Settlement Funds Trust Agreement

Set up a Qualified Settlement Funds Trust under U.S. bankruptcy laws with this downloadable template.

• This is an irrevocable trust that cannot be revoked once it is established.
• A QSF trust is created under Section 468B of the Internal Revenue Code, following the filing of a Chapter 11 bankruptcy petition by a debtor.
• A trustee is appointed to 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.

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