form of
joint ownership of an asset by spouses in which both own the asset equally; upon death of one spouse, ownership passes automatically to the surviving spouse
form of
joint ownership of an asset in which ownership can be unequal and one owner's interest can be sold, mortgaged, or willed without the consent of the remaining owner (s); there is no ability to name a beneficiary, so interest in these assets will always fall under the deceased owner's will
In the absence of such an agreement, the statutory matrimonial property regime applies, meaning
joint ownership of all assets acquired during the marriage, regardless of the name under which they are held, but only if they were acquired by means of a joint contribution by both spouses.
Getting married has many legal ramifications, including
the joint ownership of assets accumulated after the marriage.
Not exact matches
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, operating in a highly competitive industry; changes in the retail landscape or the loss
of key retail customers; the Company's ability to maintain, extend and expand its reputation and brand image; the impacts
of the Company's international operations; the Company's ability to leverage its brand value; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share, or add products; an impairment
of the carrying value
of goodwill or other indefinite - lived intangible
assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's ability to realize the anticipated benefits from its cost savings initiatives; changes in relationships with significant customers and suppliers; the execution
of the Company's international expansion strategy; tax law changes or interpretations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or
joint ventures; economic and political conditions in the United States and in various other nations in which we operate; the volatility
of capital markets; increased pension, labor and people - related expenses; volatility in the market value
of all or a portion
of the derivatives we use; exchange rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation
of data or breaches
of security; the Company's ability to protect intellectual property rights; impacts
of natural events in the locations in which we or the Company's customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's
ownership structure; the impact
of future sales
of its common stock in the public markets; the Company's ability to continue to pay a regular dividend; changes in laws and regulations; restatements
of the Company's consolidated financial statements; and other factors.
There is no question in the mind
of the writer that the two companies operated in a tight partnership, with
joint ownership and management
of assets.
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.
So this type
of joint ownership of property with a spouse, child, or anyone else will allow that particular
asset to bypass probate.
A characteristic
of a
joint account is that normally upon the death
of one account holder,
ownership of the account
assets pass to the remaining account holder (s).
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.
An exception exists if you muddied the waters
of your separate
ownership, such as if you titled a particular
asset in
joint names or deposited your separate money into a
joint marital account.
HomeServices is the majority owner
of HSF Affiliates, with Brookfield
Asset Management retaining
joint ownership.