Sentences with phrase «as estate purposes»

However, if you need life insurance for such things as estate purposes, inheritance taxes, business reasons, or to set up a trust or donate to a charity, then you might be better advised to look at some other form of permanent insurance plan such as whole life or a universal life insurance policy.

Not exact matches

Taxpayers who qualify as real estate professionals generally have been able to get a bigger tax break for those losses, which could prod some people to try passing as one for tax purposes.

You are now dealing with the executor of Aunt Irma's estate, who may be 1) a greedy relative who sees the «gift» as an investment for which the estate is entitled to a substantial piece of your business, 2) a local estate lawyer whose main purpose in life is to squeeze as many assets out of the estate as possible so as to maximize their fees, or 3) someone even worse.

A statutory nonemployee, which includes direct sellers and licensed real estate agents, is treated as self - employed for all federal tax purposes, including income and employment taxes.

For estate - and gift - tax purposes, an ideal valuation is one that's as low as possible, to minimize tax liabilities.

Transfers by holders of Class B common stock will generally result in those shares converting to Class A common stock, subject to limited exceptions, such as certain transfers effected for estate planning purposes.

The purpose of rebalancing is to avoid having too much of your money working in a single asset class, such as stocks or real estate.

Having an updated business valuation is a great asset if ever approached by buyers, brokers, or DSOs, as well as for family, tax, succession and estate planning purposes.

GLPI elected to be taxed as a real estate investment trust («REIT») for United States federal income tax purposes commencing with the 2014 taxable year.

Brookfield plans to create a new real estate investment trust under the ticker «BPR,» which will qualify as a REIT for tax purposes and issue shares in this transaction.

formed by a U.S. Person principally for the purpose of investing in securities not registered under the Act, unless it is organized or incorporated, and owned, by accredited investors (as defined in Rule 501 (a) under the Act) who are not natural persons, estates or trusts.

Chris serves as the external voice for the company, working with the team to help potential investors define their purpose for investing in real estate and educating peer companies on best practices in the emerging turnkey real estate industry.

It would not be included in your estate for other purposes, such as paying creditors, unless you named the estate as beneficiary or all your beneficiaries passed away.

(B) formed by a U.S. Person principally for the purpose of investing in securities not registered under the Act, unless it is organized or incorporated, and owned, by accredited investors (as defined in Rule 501 (a) under the Act) who are not natural persons, estates or trusts.

Founders will want various share transfers to be exempt from the ROFR / Co-sale such as transfers to family members or for estate planning purposes.

The tax information and estate planning information contained herein is general in nature, is provided for informational purposes only, and should not be construed as legal or tax advice.

NXRT intends to qualify and elect to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with its first taxable year of operations as a separate public company.

Originally called Hacienda San Lorenzo, the Casa Madero estate was founded by Spanish conquistadors in 1597 as a Jesuit mission with the purpose of planting vineyards for wine and brandy.

«As someone who has dedicated my working life to the NHS, I consider this a generational opportunity to sustain a fit for purpose, cost effective NHS estate, which can only be good news for patients and remain the envy of the world,» he concludes.

This is generally used for geotargeting purposes (showing Los Angeles real estate ads to someone in Los Angeles, for example) or showing certain ads based on specific sites visited (such as showing cooking ads to someone who frequents cooking sites).

Commercial real estate property is used solely for non-residential purposes, such as office buildings or warehouses.

Real Estate as an asset class may comprise investments in residential, commercial as well as special purpose real eEstate as an asset class may comprise investments in residential, commercial as well as special purpose real estateestate.

A deceased estate is technically not a trust while it is being administered, but is treated as a trust for tax purposes, with the executor or administrator of the estate taken to be the trustee.

It would not be included in your estate for other purposes, such as paying creditors, unless you named the estate as beneficiary or all your beneficiaries passed away.

The income taxes decrease the grantor's estate, and, because the taxes are on income treated as the grantor's for income tax purposes, they are not treated as gifts for Federal gift tax purposes.

EMD: Emerging Markets Debt REITs: Real Estate Investment Trust ILBs: Inflation - Linked Bonds MBS: Mortgage - Backed Securities TIPS: Treasury Inflation Protected Securities The example presented is for illustrative purposes and reflects the current opinions of Wellington Management Global Multi-Asset StrategiesSM team as of the date appearing in this material only.

As I mentioned above the greatest purpose of your personal website should be to generate more business for your real estate career or your brokerage.

This is generally used for geotargeting purposes (showing New York real estate ads to someone in New York, for example) or showing certain ads based on specific sites visited (such as showing cooking ads to someone who frequents cooking sites).

A key advantage of an ILIT as compared to personally owning the insurance policy is that if the trust is set up and administered correctly, the assets owned by the ILIT will not be considered part of your estate for federal inheritance / estate tax purposes — meaning your heirs won't have to pay estate or inheritance taxes on the life insurance death benefits that are paid.

Small business loans are underwritten for many different purposes, such as commercial real estate mortgages, commercial auto loans and business lines of credit.

It's used primarily for estate planning purposes, as the estate tax is usually only payable at the second death.

The most likely reason you'll have to pay AMT is if you have certain types of deductions that don't get counted for AMT purposes, such as real estate and state income taxes.

For estate tax planning purposes, such an action can be most valuable as it will allow a surviving partner to prove his or her portion of ownership in the home, making the estate valuation of the first partner to die more equitable, and may also save costly estate tax dollars.

Unless you have other adjustments, you'll use one of those results as your real estate cost basis for depreciation purposes.

Use of cookies is generally used for geotargeting purposes (showing New York real estate ads to someone in New York, for example) or showing certain ads based on specific sites visited (such as showing cooking ads to someone who frequents cooking sites).

REITs were introduced in 1960 for the purpose of giving individual investors access to invest in real estate as an asset, without the need of direct property ownership.

The tax and estate planning information contained herein is general in nature, is provided for informational purposes only, and should not be construed as legal or tax advice.

Two asset protection benefits are, one, that an irrevocable trust may be set up for the employee to own the policy, such as an irrevocable life insurance trust OR another type of grantor trust, and this can assure that the policy will not be included in the employee's taxable estate for split dollar estate planning purposes.

As a result, in the year of death, if you are a Canadian resident and you own U.S. real property, for Canadian purposes you may have a large «deemed» capital gain with respect to such property, in addition to a possible U.S. estate tax liability.

Originally converted from its antiquated purpose, the hotel offers travelers spacious accommodations with a classic ambiance and relics from the original estate it was crafted as back in 1740.

Originally converted from its antiquated purpose, Patios de Cafayate offers travelers spacious Argentinian accommodations with a classic ambiance and relics from the original estate it was crafted as back in 1740.

She has appraised many important artist estates for I.R.S. purposes, and also advises artists and their heirs, as well as foundation directors and boards.

(As noted in the original article, Manitoba does not have general purpose «functional equivalent of writing» legislation in effect, for real estate or other kinds of document.)

As the Executor, your general task is to represent the Estate for legal purposes.

Global law firm Norton Rose Fulbright has advised Credit Suisse, Goldman Sachs and Morgan Stanley as joint global co-ordinators and joint bookrunners on the initial public offering of Landscape Acquisition Holdings Limited (Landscape), a special purpose acquisition company (of SPAC) that intends to focus on acquiring a business likely with a real estate component and all or a substantial part of its activities in North America or Europe.

Despite section 2 of the Statute of Frauds Act, section 9 of the Conveyancing and Law of Property Act or a provision in any other statute or any rule of law, an electronic document that creates, transfers or otherwise disposes of an estate or interest in land is not required to be in writing or to be signed by the parties and has the same effect for all purposes as a document that is in writing and is signed by the parties.

It states: «That upon any land so granted by way of gift as aforesaid, or any part thereof, ceasing to be used for the purposes of the institution, the same shall thereupon immediately revert to and become again a portion of the estate or manor or possessions of the Duchy, as the case may be to all intents and purposes as fully as if this Act or any such grant as aforesaid had not been passed or made, except that where the institution shall be removed to another site the land not originally part of the possessions of either of the Duchies aforesaid may be exchanged or sold for the benefit of the said institution, and the money received for equality of exchange or on the sale may be applied towards the erection or establishment of the institution upon the new site.»

Estate - planning lawyer Sean Mason of Santa Barbara, California was doing some personal growth work when he created his purpose as Love.

A practice of saving paperwork for one year after the relevant statute of limitations for a lawsuit expires is common, but some kinds of paperwork needs to be retained much longer such as vital statistics records (e.g. birth certificates, marriage certificates and divorce decrees) that can prove citizenship and marital status, documents showing the purchase price of property that may later be sold until it is sold (for tax purposes), documents that prove ownership of property that is still owned, documents that prove final payment of debts, many documents related to a divorce, and many documents related to estate planning.

Computer hardware is a personal chattel as defined in the Administration of Estates Act 1925 s 55 (1)(x) as altered from 1 October 2014 by the Inheritance and Trustees» Powers Act 2014, but is not a personal chattel if, at the date of death, it was used by the intestate solely or mainly for business purposes.