Liquidating trust definition

More importantly, the broader subject of how UPIA works can only be touched upon in an article devoted to, for instance, depreciation under UPIA.

And more often than not it is these underlying concepts that are the stumbling block for practitioners struggling with a particular UPIA issue.

I have had an interest in writing about issues on the accounting for estates and trusts, especially the income/principal distinction which is articulated in the Uniform Principal and Income Act (UPIA) adopted by most states.

After all, this income versus principal distinction assists in answering the "who gets what" question as to the economic benefits a trust or estate will be providing its beneficiaries; something the beneficiaries and their advisers should be keenly interested in.

The role of a scalper is actually the role of market makers or specialists who are to maintain the liquidity and order flow of a product of a market.

The profit for each transaction is based only on a few pips (basis points), so scalping is typically conducted when there are large amounts of capital and high leverage or there are currency pairs where the bid-offer spread is narrow.

That aspect is the determination of what is income versus what is principal for the receipts and disbursements of a trust or estate.

It is also similar to but differs from pumping and dumping, which does not involve a relationship of trust and confidence between the fraudster and his or her victims.

This procedure allows for profit even when the bid and ask don't move at all, as long as there are traders who are willing to take market prices.

It normally involves establishing and liquidating a position quickly, usually within minutes or even seconds.

For this reason, this article is devoted to UPIA's concepts and underlying principles.

In many states, a revised version of UPIA (RUPIA 1997) has replaced the first revision (RUPIA 1962) or the original 1931 law (UPIA 1931).

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