Exchange Currency

wasting trust

A qualified retirement plan trust that holds the assets of a frozen qualified plan that is receiving no new contributions but is continuing to distribute payments to plan participants thereby depleting itself. A wasting trust can also apply to estate planning as a trust that is designed to deplete itself through periodic payments to a beneficiary.

Related information about wasting trust:
  1. Wasting Trust Definition | Investopedia
    A "wasting trust" derives its name from the fact that its assets get depleted over time, since plan participants continue to receive payouts as required under the ...
     
  2. Wasting Trust: Definition from Answers.com
    Wasting Trust Trust account that allows the Trustee to use part of the trust Principal to make payments to a Beneficiary if the interest income is insufficient.
     
  3. Wasting Trust Law & Legal Definition
    Wasting trust refers to a trust in which the trust property is gradually depleted by periodic payments to the beneficiary. Such trusts allow the trustee to use part of ...
     
  4. What is wasting trust? definition and meaning
    Definition of wasting trust: A qualified retirement plan trust that holds the assets of ... A wasting trust can also apply to estate planning as a trust that is designed to ...
     
  5. Chapter 5 Determination processing, including new IRM, caveats ...
    FROZEN PLANS/WASTING TRUST---------------------------------------------------------- ... INTRODUCTION-DEFINING WASTING TRUST------------------------------------------- ...
     
  6. Plan Termination - Internal Revenue Service
    FROZEN OR WASTING TRUST --EXCEPTION TO COVERAGE AND PARTICIPATION REQUIREMENTS---------------------- 44. PLAN TERMINATION ...
     
  7. Trusts & Estates Trends
    She claimed that the three trustees were wasting trust assets and that the breach of contract suit was proof that she and her co-trustees had irreconcilable ...
     
  8. Part 1 - Tax & Accounting Support
    The “Wasting Trust” will collect any proceeds on ... beneficiaries of the “Wasting Trust” in proportion to ... wasting trust participation certificates to participants, ...