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8 Mar 2016, 6:26 pm
As such, these shareholders have powers and position analogous to the shareholders of a joint-stock company or the partners in a limited partnership, both of whom the Court has previously found to be “members” of their entities.Defendant argued that anything called a “trust” possesses the citizenship of its trustees alone, and not its shareholders. [read post]
30 Dec 2016, 4:23 pm
In response to the Joint Committee’s recommendation the government produced an Operational Case for Bulk Powers alongside the Bill’s introduction into Parliament. [read post]
14 Mar 2014, 9:00 am
” In 2006, Jonnas designated Kalliope as his power of attorney. [read post]
28 Nov 2017, 9:59 am
One relatively simple way to make such a transfer more palatable to a client is to suggest that the client reserve a non-general power of appointment, also known as a limited or special power of appointment (“SPA”), in a deed or irrevocable trust. [read post]
31 Mar 2015, 12:11 pm
” The language referring to “power over property” broadens the permissible scope of disclaimers to include any power over property that gives the 296 power-holder a right to control property, whether it be cast in the form of a power of appointment or a fiduciary’s management power over property or discretionary power of distribution over income or corpus. [read post]
30 Dec 2016, 4:23 pm
In response to the Joint Committee’s recommendation the government produced an Operational Case for Bulk Powers alongside the Bill’s introduction into Parliament. [read post]
21 Jul 2013, 1:55 pm
The following are typical mistakes people make when planning their estates: • They have an outdated plan • They have no will or an outdated will • They rely on joint tenancy as a tool, especially children as joint tenants • They incorrectly title an asset so an unintended beneficiary receives the asset • They designate an inappropriate beneficiary for IRA accounts, insurance policies and retirement benefits • They fail to provide… [read post]
3 Sep 2015, 1:55 pm
The following are typical mistakes people make when planning their estates: • They have an outdated plan • They have no will or an outdated will • They rely on joint tenancy as a tool, especially children as joint tenants • They incorrectly title an asset so an unintended beneficiary receives the asset • They designate an inappropriate beneficiary for IRA accounts, insurance policies and retirement benefits • They fail to provide… [read post]
22 Nov 2014, 9:43 am
The Trustee of a Revocable Living Trust has no power over the Grantor’s property that has not been retitled in the name of the Grantor’s trust. [read post]
5 Dec 2023, 1:39 pm
Common examples of bare trusts include, without limitation: when a person holds registered title to real property, while another person retains beneficial ownership; and when a person holds legal title of property on behalf of a group of owners in a joint venture or partnership. [read post]
14 Aug 2016, 6:54 pm
Unfortunately, this is often wrong, even when joint ownership situations exist. [read post]
15 Jan 2009, 1:46 pm
They don't have a will or a trust but own their home in joint tenancy. [read post]
13 Dec 2022, 11:17 am
Therefore, if you intend to exercise actual control, you must structure the JV so you have the power to control and appoint both the managing director and the general manager. [read post]
5 Jan 2015, 1:03 pm
The major powers and actions that must be specifically authorized are: (1) Create, amend, revoke or terminate an inter vivos trust other than as permitted under section 5602(a)(2), (3) and (7) (relating to form of power of attorney).(2) Make a gift.(3) Create or change rights of survivorship.(4) Create or change a beneficiary designation.(5) Delegate authority granted under the power of attorney.(6) Waive the… [read post]
4 Jan 2016, 2:00 pm
A surviving joint tenant may disclaim as a separate interest any property or interest therein devolving to him by right of survivorship without regard to the extent, if any, the surviving joint tenant contributed to the creation of the joint property interest.d. [read post]
29 Sep 2016, 2:21 pm
Estates and trusts — Maryland General and Limited Power of Attorney Act — Execution of deed This case arises from a dispute regarding the propriety of a Deed executed by Appellee, Dawn Moree Dugan, as Attorney-in-Fact for Marion Glendene Johnson. [read post]
26 Dec 2016, 8:01 am
A trust created by your will is called a testamentary trust and the trust provisions are contained in your will.If you create a trust during your lifetime, you are described as the trusts grantor or settlor, the trust is called a living or inter vivos trust, and the trust provisions are contained in the trust agreement or declaration. [read post]
16 Feb 2019, 4:18 pm
These include, a Deed of Gift and Statutory Declaration, as well as a power of attorney for Ms. [read post]
9 Feb 2011, 3:11 pm
One of the accounts was owned in joint tenancy by Janice and her mother, and other accounts had pay-on-death beneficiaries. [read post]
28 Nov 2012, 3:58 am
Note that they do not have the power to make the requirement LESS restrictive; they only have the power to make the requirement MORE restrictive. [read post]
