Common estate-planning methods for avoiding probate include the following: Joint ownership of property:Because property passes directly to another owner, it doesn't have to go through probate. Designation of intended beneficiaries directly on certain accounts:Life insurance, retirement, bank pay-on-deat...
In 1987, the report of the 13th National Congress of the Communist Party of China pointed out that it would take at least a 100 years for China from basically completing the socialist transformation of private ownership of the means of production in the 1950s to basically realizing the ...
On the other hand, data security issues arise since the participant has no control over the ownership of the information once it is reported to the crowdsourcing system (Sarwar and Khan, 2013), meaning that the collected data could be stolen, used for a different purpose than that originally...
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In the context of a co-op, condo, or HOA, often the unit owner must take on responsibilities that would fall to the landlord in a rental setting. Wollman breaks it down: “In both ownership structures, property owners and boards are responsible for maintenance of the common elements. In ...
•The advantages include more money for investment, limited liability, size,perpetual life, ease of ownership change, ease of drawing talented employees,and separation of ownership from management. The disadvantagesinclude initial cost, paperwork, size, difficulty in termination, double taxation,and pos...
Another situation that sellers don’t consider is the impact of account ownership. The agency cannot sell accounts if a producer owns them. Sellers will insist that the producer is going nowhere and has been happily employed for years. As for buyers, they would love to keep that revenue strea...
Stamp Duty:This fee is required for the registration of documents involved in transferring ownership of the property. Insurance Fees:Mortgage lenders often require borrowers to have insurance coverage, which can include life insurance and property insurance. ...
or zoning or other restrictions as to the use of real properties or Liens incidental to the conduct of the business of such Person or to the ownership of its properties which do not in the aggregate materially adversely affect the value of said properties or materially impair their use in the...
exclusive ownership or control in the trade in particular goods or service Monument A place of scenic, historic or scientific merit set aside for preservation; a structure that honours a person or event Moral Of or relating to the judgement of right or wrong in human behaviours Mother country ...