Sentences with phrase «including gifts of property»

§ 20-3-630 (A) specifically states, «Interspousal gifts of property, including gifts of property from one spouse to the other made indirectly by way of a third party, are marital property which is subject to division.»

Quitclaim deeds are used for many purposes, including gifts of property, conveyances to correct prior deeds, and conveyances to settle a legal dispute.

Not exact matches

Last year, one such company, Dovden Investments, launched at least 35 lawsuits against Canadian organizations — including a school for gifted children in Alberta and a pair of individual developers of free public - transit apps — that ostensibly stole the obscure intellectual property in its portfolio.

Borrowers can make a down payment as low as 3 % of the cost of the property, and they may use funds from other sources (including gifts, cash on hand, and down payment assistance programs) to make the down payment.

Examples of will substitutes include: life insurance, retirement accounts, annuities, custodial accounts, trusts, government savings bonds, property held by joint tenancy, property transferred by deeds of title or gifts, and payable - on - death or transfer - on - death accounts.

The Feb. 24, 2006 letter from the lawyer representing Trump, Henry Hocherman, says that one condition of Trump's donation of the land in Putnam and Westchester counties to the state was that the property «bear a name which includes Mr. Trump's name, in acknowledgment of these gifts.»

The borrower must sign a gift letter which includes the borrower's name, property address and the amount of the assistance.

Examples of separate property include property owned by one individual before marriage, property gifted to or inherited by only one spouse, or recoveries from personal injury to one spouse.

Gifts: If you receive a gift of property and your cost basis in the gift is figured by using the donor's basis (such as in the gift of appreciated stock), then your holding period includes the donor's holding period.

Unless they meet the requirements of Sec. 1041 or Sec. 2516, property transfers included in a divorce decree are subject to income taxes or gift taxes, respectively.

Yes, if the federal gross estate plus prior taxable gifts plus Maine elective property is equal to or greater than $ 2,000,000 for decedents dying in 2013, regardless of whether the property is included in the marital deduction.

Federal Gross Estate: The property that is included into the calculation for determining the decedent's property that is subject to Federal estate taxation (generally speaking that is comprised of property owned by the decedent at death, property in which the decedent had any incidents of ownership, life insurance death benefit proceeds, and certain gifts).

Your holiday at Kyreve begins with an escort to the property, a meet and greet, and welcome gifts, and includes the services of an on - island villa manager and housekeeper.

This resort is right across from the cool water of Aruba's famous Eagle Beach.The resort provides various amenities which includes a Computer station, 24 - hour front desk, Free Wi - Fi, Outdoor pool, Smoke - free property, Calm and clear sea, Gift shops or newsstand, Dry cleaning service, Breakfast facilities, Multilingual staff, Caretaker services, Free self - parking etc..

Exclusions: Cash Back is not available on Best Buy gift cards, warranties, Laptops, Tablets, Desktops, Video Game Hardware (including Virtual Reality Hardware), Point of Sale Activation (POSA) Cards, Apple - branded Watches, services (including but not limited to Geek Squad services, etc.), and transactions on third party (i.e. non-BestBuy.com) websites or properties, even if such transactions occurred as a result of a Customer clicking a link from a Best Buy Property.

The first, dated March 7, 1985, began: «Louise Nevelson has given certain of her works of art, including sculptures, paintings and collages, to Diana MacKown over a period of time, and said gifts are now the sole property of Diana MacKown.»

The Internal Revenue Code in section 102 says that property acquired by gift, bequest, devise or inheritance is not included in the gross income of the recipient, and, therefore, the recipient doesn't have to pay a tax on the value of the gift.

Her divorce experience is diverse and has included a myriad of issues, including, but not limited to, valuation of closely held business interests, the impact of pre-marital, gifted and inherited property, custody and parenting time, child support, spousal support, equitable division of the marital estate and obligations, pre - and postnuptial agreements, division of retirement benefits, and tax implications.

Additionally, there is no time - bound definition of matrimonial property — when a divorce litigant makes disclosure of their assets, they require to list everything they own, including assets owned prior to the marriage, assets acquired after separation, and assets acquired any time by gift or inheritance.

Individual assets (including inheritances and some gifts) remain the property of the respective spouses.

The Pennsylvania Divorce Code establishes the presumption that marital property includes «all property acquired by either party during the marriage [without regard to title], including the increase in value... of any nonmarital property acquired [prior to marriage or by gift, bequest, devise or descent].»

[1] When a parent gives an adult child a joint interest in real property during his or her lifetime, can that gift include an irrevocable right of survivorship that has the effect of preventing the parent from later severing the joint tenancy?

Certain types of property remain the separate property of only one spouse, including property each spouse owned before marriage or acquired during marriage by gift (not including gifts from the other spouse) or by inheritance, as well as property falling into one of the following categories:

Obtain up - to - date account statements for all assets including: property, investments, RSPs, inheritances, large financial gifts and bank accounts along with Notices of Assessment for the past 3 years (available from Canada Revenue Agency).

d, «testamentary substitutes... which include gifts causa mortis or within one year of death, Totten trusts, joint accounts, revocable transfers, or transfers with a retained income interest, many retirement accounts and property owned by a decedent and payable on his death to someone other than the surviving spouse for his estate.»

Mr. Hafen's practice includes advice regarding sophisticated tax, estate, asset protection, and business planning strategies, including the preparation of documents such as wills, living trusts, durable powers of attorney, healthcare directives, asset protection trusts, irrevocable life insurance trusts, gift programs, grantor retained annuity trusts, education trusts, family limited partnerships and limited liability companies, generation - skipping transfers, charitable giving, charitable remainder trusts, private foundations, property agreements, and prenuptial and postnuptial agreements.

This includes obtaining property and financial Court Orders to include gifting and IHT planning orders, Statutory Will applications, contested Lasting Power of Attorney cases and care fees planning.

He advises clients on a wide range of unclaimed property and compliance issues, including gift cards and other stored - value programs and the use of the Social Security Death Master File to identify unclaimed benefits and develop remediation strategies.

At her previous firm, she was a member of the team representing Shelly Sterling in her successful efforts to claw back marital property, including real property, gifted by her husband to his mistress without Ms. Sterling's knowledge or consent.

There is a presumption that when one person transfers title to property gratuitously into the name of another (including into a joint tenancy) the transfer is not a gift, but the person receiving an interest in the title gratuitously, holds the title in trust (known as a resulting trust) for the transferor during her lifetime, and for her estate after death.

Those exemptions include assets owned at the date of marriage, assets acquired by way of gift or inheritance or funds received by way of an insurance settlement or law suit not relating to loss of property (injury claim).

Separate property includes an inheritance to one spouse during the marriage; property acquired by a partner before the marriage; passive income and appreciation acquired from separate property during the marriage; property acquired by one spouse after a decree of legal separation; property excluded from the couple's marital property by a premarital agreement; a spouse's personal injury compensation, except for loss of earnings during the marriage and compensation for expenses paid from marital assets; and any gift given to only one spouse.

Marital property is defined as any property obtained during the course of the marriage and does not include inheritances, gifts or assets acquired after separation.

As a result of squandering marital funds, courts may award an unequal distribution of property to the innocent spouse or, in some cases, reclassify separate property as marital property as part of the divorce, including gifts.

Property includes everything that was acquired (except by gift or inheritance) between the date of marriage and the date of separation or valuation date.

The division of the marital property of the divorcing couple that came to the parties during the marriage is called equitable distribution.Usually it does not include any gifted or inherited property.

This letter should include the donor's contact information (name, address, and phone number), the donor's relationship to the buyer, the amount of the gift, the date the funds were transferred to the buyer, and the address of the property being purchased.

This section, which covers business deductions for travel, gifts, and a list of business property items including cell phones, imposes stringent requirements for claiming deductions on items that could be used for both personal and business reasons.