The real estate investment trust said the proceeds from the sale of the building, the International Financial Tower, would be used to strengthen the growth prospects of its portfolio.
To help pay for it, a court set up a $417,000 trust, using the proceeds of a lawsuit against the company whose driver caused the accident.
Boston Properties, the third-largest office real estate investment trust, used the proceeds to pay off $190 million of first mortgage debt and to pay down unspecified unsecured debt, the company said.
"Make sure the life insurance is placed in a trust so the proceeds aren't included in the estate," advises Larry Foster, a certified public accountant with Richard A. Eisner & Co.
It may also include life insurance, one half of jointly held property, your interest in trusts and the proceeds from your pension and profit-sharing plans.
So Bjorklund and others set up a trust (funded with the proceeds of a book about Washoe), and appointed a guardian to protect him and several other chimps like him.
Senator Hillary Rodham Clinton of New York and her husband, the former president, this year liquidated their stock and mutual fund holdings — which had been in a blind trust — and moved the proceeds into cash accounts.
He said the IOC, which has reserves of $1.2bn, should place $500m in a blind trust and use the proceeds to fund a truly independent global anti-doping regulator.
After rejecting a number of proposals for more fact-finding by the lawyers for the 9/11 families, the magistrate judge, Frank Maas, wrote: There is nonetheless one area in which additional discovery seems warranted…The trust that holds the proceeds of OBL's shares of SBG was not funded until 2000.
Here is Mr. Lipson's solution: Because these funds trade at discounts, he suggests that their managers sell underlying securities — utility stocks and shares of real estate investment trusts — and use the proceeds to buy back common shares.
