Sentences with phrase «distribute their assets when»

These consumers should also look into life insurance as a means to distribute their assets when they pass away, as well as create another financial safety net to help support their families should they pass away.

Not exact matches

Valor reported that under the proposal Boeing would pay Embraer in cash when the commercial assets are transferred to the new company, with most of the proceeds then distributed to shareholders as dividends.

The IRS considers an LLC's assets to belong to its members, so when a business is dissolved and its property distributed, the IRS does not recognize a taxable event.

Trusts can also, when executed properly, keep trust assets out of probate, the potentially lengthy legal process of assessing and distributing your assets after you die.

When any double spending of Bitcoin or any other digital currency or asset accepted in the ICO is detected, no TGT Tokens (TGT) will be distributed to the associated blockchain wallet address or tgtcoins.com ledger based wallet.

The first is that when you pass away, all of your assets are distributed according to the terms of the trust, without the need for going to Court.

However, the tax charges on the individual shareholders are unrelieved (normally capital gains tax when the company's assets are distributed to them on liquidation).

When a court orders a company to be wound up, an official liquidator is appointed to sell the company's assets and distribute the resulting funds to the company's creditors.

This can look like a fund has sold off sharply when, in fact, the fund simply distributed some assets to its shareholders.

The probate process may be required when someone dies so that a will is verified by the provincial government and the executor can be approved to take on their role and begin to distribute assets.

They can distribute trust property / assets when the settler dies.

Under the Internal Revenue Code, when a regulated investment company distributes appreciated assets to meet redemptions, no gain is recognized by the fund.

When you file for bankruptcy, your trustee is required to seize your assets and distribute them to your creditors.

It's important to decide how your assets will be distributed when you die, and to make arrangements to protect your family and minimise their tax bills.

Will: An important legal document that sets out how you want your assets and other belongings to be distributed when you die.

The standard double - entry approach would just be to create a Liability account for the loan, and then make a transfer from that account to your Asset (Savings) account when the loan proceeds are distributed to you.

When shareholders invest in a listed asset manager, they simply want: a) exposure to the asset management business, and b) surplus cash to be distributed, thereby enhancing returns & granting each shareholder the freedom to manage this cash directly, as they see fit.

Anyone who owns company stock will eventually have to decide how to distribute those assets — typically when you retire or change employers.

When it comes to bonds and bond funds, taxes apply in two ways: on income that's distributed on a periodic basis and on gains that result in selling the asset for profit.

With a trust document, you can dictate when the trustee will distribute assets to your children.

When people die without a will, it is considered intestate and the courts will appoint an executor to administer an estate with the assets distributed according to the rules laid out provincially.

Filing an Articles of Dissolution officially ties up the loose ends when ending a business and ensures the state and your business associates are notified, and any remaining assets properly distributed.

Make sure that if and when your non-profit dissolves, its assets are distributed to another tax - exempt group.

Make sure that your non-profit distributes its assets to another tax - exempt group, when and if it dissolves.

Make sure that your nonprofit's assets are distributed to another tax - exempt group when and if it dissolves.

Make sure that your non-profit's assets are distributed to another tax - exempt group, when and if it dissolves.

In addition to true piercing the corporate veil, if any assets are distributed by the company to its owners when it is dissolved, the dollar amount of that transfer could constitute a fraudulent transfer.

When you dissolve the company, and the company has # 100,000 in assets that gets distributed to the share holders, then you would most likely be liable up to those # 100,000 if problems creep up.

Make sure your non-profit's assets are distributed to another tax - exempt group when and if it dissolves.

If the survival action is successful, the personal representative distributes the damage award to surviving family members as instructed by either the victim's will or, in the absence of one, by the state's laws of «interstate succession,» which are statutes that dictate how assets pass (and how much) when the person who dies has no will.

An intestate succession occurs when there is no will or living trust and the state must then decide how to distribute assets.

Judges strive for a fair split when they are distributing the assets of the divorcing couple.

Since the enactment of the Pennsylvania Uniform Trust Act in 2006, both the Executor and the Trustee receive legal protection from potential claims when assets are distributed; however, the laws can seem complicated to the lay person and it is advisable to specifically discuss this with the attorney who drafts your Living Trust.

As a grantor, you also have the ability to control when and under what terms the assets are distributed.

When speaking to clients about estate planning and their wills, I have found that most people come to meetings having given considerable thought as to how and to whom they would like their assets distributed.

What sounds like some kind of awful gastrointestinal disease — or the word interstate without an R — is actually what happens when you leave no record of how you want your estate and assets distributed.

In the case of insolvency policy holders are given preference over shareholders when it comes to distributing remaining assets and funds.

When any double spend of Bitcoin or any other digital currency or asset accepted in the ICO is detected, no MyDFS assets will be distributed to the associated blockchain wallet address or

Fair distribution claims that, when a hard fork of Bitcoin occurs, new digital asset is distributed efficiently and fairly.

The last presentation focused largely on the legal risks involved with using distributed ledgers, particularly when it comes to the question of establishing ownership of a particular asset.

My ability to perfectly understand medical terminology has proven to be an asset to me when performing clerical tasks such as collecting patient information, distributing prudent information to ancillary departments, interviewing patients for admission purposes and providing insurance and claim information.

The Tax Office accepts an organisation as non-profit if its constitution or governing documents prevent it from distributing profits or assets for the benefit of particular people — both while it is operating and when it winds up.

When the parties are unable to reach a settlement, the District Court distributes the marital assets between the two parties in an equitable fashion.

As you may guess, determining how your assets are distributed upon your death can be complicated like many other aspects of your life when you file for divorce.

Various factors are taken into consideration when distributing assets including the incomes of the parties prior to and at the beginning of the divorce, duration of the marriage, need to occupy the marital home, loss of inheritance or pension rights, maintenance awards, future financial circumstances of each spouse, tax consequences, dissipation of assets, contributions as a non-wage earner to the income of the spouse and home, and the character of the property itself.

A well - designed REIT should be able to distribute its cash through all cycles, and what the regional properties especially give us is confidence that these are assets that, even when back - tested against the financial crisis, are very capable of covering their rent.

Probate is the legal process that happens when a person dies and the executor must collect all assets, itemize all remaining debts and then liquidate all property to pay debts and distribute assets.

However, you can hold onto the property, lease it out to «arms - length» renters, build your retirement account with the rental payments, then take the real estate as a distributed IRA asset when you can take distributions penalty free (after age 59 and a half).

This holds on other assets also, like a long held stock portfolio, lots of capital gain in a business or classic cars, artwork... so generally when anyone has the chance to inherit, it's usually better to inherit directly, rather than to let the probate sell everything and distribute cash.