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:
- 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 ...
- 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.
- 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 ...
- 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 ...
- Chapter 5 Determination processing, including new IRM, caveats ...
FROZEN PLANS/WASTING TRUST---------------------------------------------------------- ... INTRODUCTION-DEFINING WASTING TRUST------------------------------------------- ...
- Plan Termination - Internal Revenue Service
FROZEN OR WASTING TRUST --EXCEPTION TO COVERAGE AND PARTICIPATION REQUIREMENTS---------------------- 44. PLAN TERMINATION ...
- 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 ...
- 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, ...