Estate Duty Act 45 of 1955doi:Act 45 of 1955
The regulations specifically provide that a “notary public has neither the duty nor the authority to investigate, ascertain, or attest to the lawfulness, propriety, accuracy, or truthfulness of a document or transaction involving a notarial act.” Now this is very important. A quitclaim deed ...
Considering estate and succession planning during your lifetime gives you the opportunity to structure your affairs in a flexible and tax-efficient way for
The Foreign Investment in Real Estate Property Tax Act of 1980 requires that foreign persons who hold a direct real estate investment in the U.S that was valued at more than $50,000 in the prior year file an information return, which subjects any income generated from real estate transactions...
This will be a fact-specific analysis for lessors and their counsel to undertake, but the case law addressing the duty to mitigate in the context of lease procurement – though limited – provides some examples of reasonable mitigation efforts. Lessors should consider whether it would be app...
If so, the only way to stop the erosion of expected tax base would be to eliminate Puerto Rico’s ability to offer Act 22 treatment and the only way that I know to strip Puerto Rico of its tax sovereignty is to make Puerto Rico a state. ...
A buyer and seller are in an adversarial position, so there is no special legal relationship between them warranting a duty to keep negotiations private. I can see why a seller would be very upset to find out that the juicy details of negotiations are posted on the internet for the world ...
In practice, the duty of disclosure is imposed indirectly through the real estate broker on the seller if a broker is engaged in a transaction. According to the Real Estate Broking Management Act and the “Mandatory and Prohibited Matters of a Real Property Information Disclosure Statement”, the...
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The primary duty of an executor is to carry out the wishes of the deceased person based on instructions spelled out in their will or trust documents. Executor Duties The executor must be over 18 without prior felony convictions and can be a friend, family member, or a professional like a ...