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Welcome to the Life Partners Position Holder Trust Website. 2022 Tax Form Info. The Trust is closed. The sale of all Trust assets took place in August 2022. That sale made it possible to pay a final distribution to all unit holders on September 15, 2022. All unclaimed funds are deposited into the Registry of the Bankruptcy Court.
Life Partners Position Holders Trust site; Life Expectancies - What You Need to Know; Basic Overview of Life Insurance
Jun 30, 2022 · The Trustee is also the Manager of the Partnership and runs its affairs. The Partnership owns a very large number of units (736,691,113 as of June 30, 2022) in the Trust. In turn, you are a limited partner in the Partnership and hold interests in it instead of actual units.
Rest assured, however, that building cash sufficient to make a distribution, after setting aside sufficient reserves to operate the Trust and pay premiums, is a daily focus of the Trustee and the Governing Trust Board. Learn about the day-to-day running of the Life Partners Position Holder Trust.
The Life Partners Position Holder Trust is what is known in the IRS world as a grantor trust. A grantor trust does not pay federal or state income tax. Instead, any tax liability which would normally be paid by the trust is passed through to the individuals or entities who are beneficiaries of the trust in a pro-rata amount.
Sep 13, 2022 · The transaction provides valuable final closure to a lengthy bankruptcy process for clients of Life Partners, Inc. NorthStar Life Services, LLC will continue in its capacity as servicer of...
Sep 13, 2022 · Life Partners Position Holders Trust (the “Trust”) and BroadRiver Asset Management, L.P. (“BroadRiver”) announced that on September 6 the Trust and BroadRiver completed a transaction for the sale of all non-cash assets of the Trust to certain affiliated entities of BroadRiver.
Mar 30, 2023 · The sale of all of the Trust policies closed on September 6, 2022. The final distribution, as announced in a letter to investors from Michael Quilling, Trustee of the Life Partners Position Holder Trust, was $265,532,960, or 21.4 cents per unit.
the Position Holder Trust will return more than 50% of face value to those Investors who make Position Holder Trust Elections, which will amount to approximately 90% of invested capital. The recovery will be increased by any litigation recoveries in excess of the amount needed to pay general unsecured creditors,
2021 FY Annual report, 10-K SEC filing by Life Partners Position Holder Trust on 16 Mar 22, 6:06am
