The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Feb. 25, 2014
Filed:
Apr. 29, 2013
Goldman, Sachs & Co., New York, NY (US);
William J. Cassano, Berkeley Heights, NJ (US);
Alexander A. Dubitsky, Larchmont, NY (US);
Amar Kuchinad, New York, NY (US);
Charles McGarraugh, Brooklyn, NY (US);
Samuel Ramos, Manhasset, NY (US);
Goldman, Sachs & Co., New York, NY (US);
Abstract
This document describes techniques for implementing a collateralized loan with periodic draws subject to a triggering event. These techniques include receiving funds from a client and establishing a credit line collateralized by the funds. The techniques may further include periodically dispensing an amount from the credit line upon occurrence of a predetermined event (e.g., the client's attainment of a certain age) and until death of the client. At the death of the client, any remaining funds may then be released to, for example, the client's estate.