Sentences with phrase «federal ownership of these assets»

Not exact matches

A 1985 study reported that according to the Federal Reserve Board only two percent of all U.S. families Own «20 percent of all residential property, 30 percent of all liquid assets, 33 percent of all business property, 39 percent of all bonds, 20 percent of all stocks, and 71 percent of all tax - free financial holdings».3 It can be argued that the ownership of such vast portions of our capital by so few threatens our democratic system.

The reason why it is included in the federal gross estate is because when tabulating the decedent's estate one must include all assets where the decedent had any «incidents of ownership».

Note: If the beneficiary is a spouse as defined by federal law, then he or she may elect to assume ownership of the contract rather than withdrawing or turning assets into an income stream.1