Gac liquidating trust
Due to the death of our mother and subsequent finding of documents, we are trying to find if the possession of a certificate of beneficial interest in 87 units, GAC Liquidating Trust dated July 29, 1981 has any value.
We need to know where we could find out so that we can complete the estate close-out. Patti Slone It was worth .465 per unit on 12/22/88, see the funds were not distributed to your mother in 1988 they should have been paid over the Florida unclaimed property keeper and it should still be there.
You have the right to claim your property any time at no cost. That page has a lot of other information including required documentation if the original owner is deceased.87 x .465 = 4.455I urge you to see if the funds are there and if so, file a claim.
It may not be much, but you have the right to collect it.
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The success of a unit trust depends on the expertise and experience of the company that manages it. providing benefits," 1104(a)(1)(A)(i) (emphasis added), must yield to conflicting state law requirements that an insurer managing general account assets consider the interest of, and maintain equity among, all of its contractholders, creditors, and shareholders. In that event, Hancock would purchase annuities at rates stated in the contract to cover all benefits previously guaranteed by Hancock under GAC 50, and the contract itself would convert back to a simple deferred annuity contract. 4 Although these provisions are not mellifluous, read as a whole, their import is reasonably clear. 3 In the event that the added liability caused GAC 50's "Minimum Operating Level" - the Liabilities of the Fund plus a contingency cushion of five percent - to exceed the amount accumulated in the Pension Administration Fund, the "active" or "accumulation" phase of the contract would terminate automatically. Such term includes any surplus in a separate account, but excludes any other portion of a separate account." 1101(b)(2)(B). 1002(21)(A) (defining as a fiduciary any person who "exercises any authority or control respecting management or disposition of [a plan's] assets"); H. Based on this testimony, the trial court ordered Turner to reduce Tokai's assessment by an additional 20 percent to reflect these “costs of sale.” It is this further reduction that Turner challenges in this appeal. 4th DCA 1986) (noting that while the property appraiser must consider all eight criteria, the appraiser may “discard entirely” any criteria that is not probative of fair market value under the circumstances). Tokai's expert did not testify that Tokai had incurred these costs; rather, she testified that these were the expected costs of sale in the used/refurbished equipment market.
You can search for unclaimed property in Florida at Servlet?