When a company is dissolved, its assets pass to the control of the Treasury Solicitor.

"Lawrence's biggest asset was his great quickness and pass rush in getting to the quarterback," Young said.

The year saw another milestone in the life of the Society in that, for the first time, the total assets passed the £3 billion mark.

Do people have a right to keep assets to pass on to their children?

And after the spouse's death, the trust's assets will again pass tax-free to the children or grandchildren, since they were never owned by the spouse.

Total assets passed US $11 billion in 2011.

And in a properly drawn trust, the donor can determine to whom the assets will pass if the minor dies before reaching 21.

On death the assets in the account would pass to heirs.

If the company held assets on trust for another person, those assets do not pass to the Crown.

When a company is dissolved, by law, its assets - but not its liabilities - pass to the control of the Crown.