Sentences with phrase «as joint ownership»

«This development will further enhance Chicago Executive Airport, as well as the joint ownership of the Village of Wheeling and Prospect Heights,» said Mike Kurgan, general manager of Atlantic Aviation.

Perhaps you jointly own everything else, but there is no such thing as joint ownership of an IRA.

Not exact matches

A jointly leased box doesn't necessarily translate to joint ownership, nor does giving an heir official access to the box contents as a signator.

Freddie Mac's 97 % financing product is open to repeat buyers, as long as the borrower does not have «any individual or joint ownership interest in any other residential properties» at the time of purchase.

Eaton and other suppliers, of course, still must rely on joint ventures in nations such as China and India where foreign equity ownership is restricted.

Audi is not often thought of as a styling leader, despite having built exceptionally nice - looking and aerodynamically effective sedans for a very long time now, essentially since VW took over full control from the joint ownership arrangement with Mercedes.

Its major interests include ownership of 15 daily and 38 weekly newspapers, including the Houston Chronicle, San Francisco Chronicle and Albany Times Union; as well as interests in an additional 43 daily and 74 non-daily newspapers owned by MediaNews Group, which include the Denver Post and Salt Lake Tribune; nearly 200 magazines around the world, including Good Housekeeping, Cosmopolitan and O, The Oprah Magazine; 29 television stations, which reach a combined 18 % of U.S. viewers; ownership in leading cable networks, including Lifetime, A&E, History and ESPN; as well as business publishing, including a minority joint venture interest in Fitch Ratings; Internet businesses, television production, newspaper features distribution and real estate.

The FDIC provides separate insurance coverage for deposits held in different ownership categories such as single accounts, joint accounts, Individual Retirement Accounts (IRAs) and trust accounts.

As will a joint account where they document their intention to give up beneficial ownership to their grandchildren.

Joint ownership by two or more persons such as husband and wife, business partners, etc..

In some states, a type of joint ownership of property where a husband and wife are considered as one person, essentially providing an automatic right of survivorship.

In some instances of joint ownership, however, a deed is unnecessary, as the surviving spouse will automatically take full title to the property immediately upon the deceased spouse's death.

-- If the ownership designation clearly stipulates that the form of ownership is joint tenants with right of survivorship, the surviving spouse may continue the contract as sole surviving owner.

These agreements can designate property ownership as «community property with right of survivorship» or «joint tenants with right of survivorship.»

However, if you deposit money into different ownership categories — such as single and joint accounts — your deposits in each category are insured separately.

Perhaps you should also take into account that you both will probably sign for the HELOC, (due to the joint ownership of the house,) so, you are also eligible for the tax deduction, as long as you also have some investments.

As JBentley points out, there have been court cases where domestic partners contributing to household expenses while the other partner paid the mortgage have later been able to claim that this implied joint ownership.

HCP owns over 500 senior housing facilities and has interests in over 300 nursing facilities, as well as ownership in many unconsolidated joint ventures.

Are you sure the ownership by the siblings will be as «joint tenants»?

Opting for the ease of joint ownership as opposed to doing a detailed estate plan may be cheaper in the short run, but often means you miss out on a long - term income - splitting opportunity.

They already split their rental income, which is in accord with their joint ownership of their $ 700,000 rental property, and when Ethel turns 65, she can split her Canada Pension Plan benefits with Sam as he can with her.

If you own stock or other assets with a spouse as joint tenants or tenants by the entirety — forms of ownership often used by married couples that ensure that on the death of one co-owner the survivor becomes the sole owner — the basis is adjusted upward on the death of the co-owner.

You might also become co-owners, in which case you would probably take ownership as joint tenants, whereby your right of ownership passes to the surviving co-owner.

As opposed to a joint tenant account, however, ownership is not passed over to the other tenant (s) at death, but is part of the deceased owner's disposable estate.

Typically known as Joint Tenants with Rights of Survivorship (JTWROS), this is a form of an account registration whereby two or more people maintain ownership.

As we've worked to promote responsible pet ownership, foster environmental stewardship and ensure the availability of pets this year, we at the Pet Industry Joint Advisory Council (PIJAC) have found a number of new reasons to be thankful: Communication — This has been a banner year for increased communication within the pet industry, from the way we tell our story to the way we engage elected officials.

«Mississippi State's study will also have a significant impact on the national conversation about responsible pet ownership,» said Mike Bober, President of the Pet Industry Joint Advisory Council and consultant to the PLC. «Without this concrete data as a starting point, it has been all but impossible to discuss solutions because we couldn't agree on the scope of the problem.

3) Establishing a protocol for the handling of cat - related issues With this joint - agency cooperation, we would be better able to address issues such as pet abandonment, other irresponsible pet ownership practices and littering that contribute to the stray cat issues.

He has recently completed a comprehensive internship with the Pet Industry Joint Advisory Council, which included focused research on the topic of insurance policy as it relates to pet ownership.

Through complete or joint ownership, Legendary has built a library of marquee media properties and has established itself as a trusted brand which consistently delivers high - quality, commercial entertainment including some of the world's most popular intellectual property.

Joint ownership of property whether it be in joint tenancy, tenants - in - common, or as a strata owner in a complex, is becoming increasingly common and more complex as time goeJoint ownership of property whether it be in joint tenancy, tenants - in - common, or as a strata owner in a complex, is becoming increasingly common and more complex as time goejoint tenancy, tenants - in - common, or as a strata owner in a complex, is becoming increasingly common and more complex as time goes on.

Just as the starting point where there is sole legal ownership is sole beneficial ownership, the starting point for joint legal ownership is joint beneficial ownership, so that the property is held in equal shares.

I have been interested to learn a bit lately about why law firms evolved as they did, noting the degree to which joint ownership of libraries, including case law and subscriptions, may have been a factor.

The presumption of joint and equitable ownership can be rebutted by evidence that the parties did not at the time of purchase intend to own the property jointly in equity, or that the parties» intention as to beneficial ownership has changed over time (for example, where the parties did not share their financial resources).

Initial ownership, joint authorship, collective works, and partial transfer are largely the same in the US as in Canada.

A spouse can convert separate property into marital property by changing title from individual to joint ownership during the marriage, in which case a court would presume that the spouse intended to make a gift of the property to the marriage, and will treat the property as jointly owned.

As a result of the Registry practice not to permit joint ownership of shares upon incorporation and the DIFC Portal software limitation under which the joint ownership of shares can not be reflected, shareholding structure details may be inaccurate.

No, you need to use a Survivorship Deed to transfer rights of survivorship, where the parties will hold the property as joint tenants, with the survivor taking a fee simple interest (complete ownership) in the property upon the death of the other party.

One of the problems with joint tenancy ownership is that while the registered title might reflect joint ownership, the true beneficial owner might be one of the registered owners are in fact another unregistered owner in trust — as such, watch out for phony joint tenancies....

Estate tax planning should not be overlooked because there are many techniques available to reduce estate taxes, such as holding assets in joint ownership, establishing testamentary trusts, and the purchasing of permanent insurance policies to cover estate income taxes.

Certificates of Title issued in Joint Ownership where the names are separated with the words AND or AND / OR, do not carry the same meaning as With Rights Of Survivorship.

The Court in Bindra explained its decision to do nothing with regards to the property in India as a «Catch 22 situation»: To grant her judgment against the Husband in Canada and still allow her to retain joint ownership of the Property in India would not be appropriate.

On the other hand, in respect to the real estate that was also put into joint names as joint tenancy because the husband indicated on the transfer of ownership to he and his wife that it was being done for «natural love and affection» (to avoid land transfer tax among other things) the wife retained her 50 % ownership interest of the real estate.

For real property, the joint ownership can be joint tenancy, which passes to the survivor on the death of one of the joint owners; or it can be held jointly as tenants in common, which means that on the death of one of the joint owners his or her undivided one - half of the interest is part of the estate of the deceased co-owner.

Covered entities under common ownership or control that elect not to designate themselves as a single affiliated covered entity, however, may elect to produce a joint notice if they meet the definition of an organized health care arrangement.)

Details vary by jurisdiction, I will use NSW, Australia as an example: Initial ownership on death Liabilities Any joint liabilities (loans, credit cards etc) automatically pass to the survivor (s).

The exact line The second point is from s118 (2)(a) of LRR 2003, ie «the exact line» the OS and Land Registry have produced in a joint statement a definition of the legal boundary as: «The precise separation of ownership of land.

-- If the ownership designation clearly stipulates that the form of ownership is joint tenants with right of survivorship, the surviving spouse may continue the contract as sole surviving owner.

Partnering with NBC and splitting ownership of the new joint venture equally also places Snap in a position of control, as pointed out by TechCrunch.

Opened and closed individual checking accounts, savings accounts, and small business accounts, at different levels of ownership such as individual and joint