Sentences with phrase «holdback monies»

Great point Arnold, so far as I understand it, even if only one spouse on title passes, the tax is generated and is payable by the survivor, not to mention the complicated paperwork required and the lengthy time involved to receive holdback monies from Uncle Sam.

In sum, and on all of the three arguments (express trust, CAPL 1990 deemed trust, and the right to take in kind) LMP was out of luck and had no claim on the holdback monies.

Not exact matches

In that case the lender may hold back 10 % of the mortgage money from each mortgage draw, and the lender will be liable to the owner and any lien holders if it fails to fulfill its obligations in relation to the holdback.