Sentences with phrase «joint ownership of property»

The assumption of joint ownership of property, however, can be a drawback.

One example of this would be if a Mediator with little or no legal background were to mediate a divorce in which joint ownership of property was an issue.

In Ireland, joint ownership of property for cohabiting couples can be held in one of two ways;

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.

He never divorced his wife, and he retained joint ownership of the property with her.

Otherwise, Indonesian marriage law assumes joint ownership of 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 goes on.

Relatives are not responsible for the deceased member's debt, unless they co-signed for a loan, credit card, have joint ownership of a property or business or live in one of the nine community property states: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin.

So this type of joint ownership of property with a spouse, child, or anyone else will allow that particular asset to bypass probate.

When family members, spouses, associates, friends or any individuals purchase a property together, this is called Joint Ownership of Property.

I am in a joint ownership of property with my Brother.

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.

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.

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.

A123's Forcier took that to mean a foreign company must enter a joint venture with a Chinese firm, and that the firm has to have substantial ownership of the intellectual property.

Joint Tenancy: A form of ownership under which owners have equal interest in the property and may sell their interest to whomever they choose.

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.

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

If a husband and wife make a joint return for the taxable year of the sale or exchange of the property, subsections (a) and (c) shall apply if either spouse meets the ownership and use requirements of subsection (a) with respect to such property.

The same cover applies to your spouse or civil partner, or for those with a common - law partner (though you'll need to provide proof of the relationship within seven days, eg, both names on a utility bill, shared ownership of residential property or joint lease or rental agreement).

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.

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.

He then went on to say that China and the U.S. «have to aggressively share expert information on many of these technologies,» stressing that this could be accomplished partly through intellectual property rights, joint creation and ownership of technologies, and transfer of «know - how» that goes both ways.

Posted in Beneficial Ownership, Co-ownership, Common Intention, Constructive Trusts, Family Home, Joint Tenancy, Property Law, Trusts of Land

Because of the many disadvantages of joint property, it is often advisable to terminate such ownership in favor of sole ownership or tenant in common ownership.

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).

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.

A spouse can convert separate property into marital property by changing title from individual to joint ownership, in which case a court would presume that the spouse intended to make a «gift» of the property to the marriage.

Worth pointing out that joint property (e.g. joint tenancy in real estate or joint ownership of a car) reverts to any survivors and doesn't form part of the estate.

A spouse can convert separate property to 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.

Chinese law requires that disputes over certain subject matter, including intellectual property ownership, land ownership, labour laws, insolvency, certain aspects of joint ventures, and wholly foreign - owned enterprises, and certain matters relating to shares must be governed by Chinese law.

Joint ownership of possessions, joint utility bills, lease / rental agreement, joint mortgage / loan, property title, joint bank statements; money transJoint ownership of possessions, joint utility bills, lease / rental agreement, joint mortgage / loan, property title, joint bank statements; money transjoint utility bills, lease / rental agreement, joint mortgage / loan, property title, joint bank statements; money transjoint mortgage / loan, property title, joint bank statements; money transjoint bank statements; money transfers;

Vancouver Joint Ownership Excluded Property lawyers at MacLean Law handle the calculation of excluded property, gains on excluded property and what happens to cases of Vancouver Joint Ownership Excluded Property in terms of protecting or losing the normal exemption from equal Property lawyers at MacLean Law handle the calculation of excluded property, gains on excluded property and what happens to cases of Vancouver Joint Ownership Excluded Property in terms of protecting or losing the normal exemption from equal property, gains on excluded property and what happens to cases of Vancouver Joint Ownership Excluded Property in terms of protecting or losing the normal exemption from equal property and what happens to cases of Vancouver Joint Ownership Excluded Property in terms of protecting or losing the normal exemption from equal Property in terms of protecting or losing the normal exemption from equal sharing.

The Vancouver Joint Ownership Excluded Property lawyers at MacLean Law can help you navigate this complex area of family law.

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.

A spouse can change separate property into marital property by changing the title into a form of joint ownership, effectively making a gift to the other spouse.

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.

In Stack despite joint ownership and the starting point of a 50/50 split, the property was divided on a 65/35 basis.

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.

Our lawyers have considerable experience in resolving joint venture partnership and shareholder disputes, or disputes in the areas of technology development and implementation, outsourcing, commerce, and ownership and infringement of intellectual property.

Represented a real estate investment company in connection with its joint venture related to the ownership and refinancing of a Manhattan office tower; advised client on complex transfer tax issues idiosyncratic to New York City commercial real estate transfers and the formation of a REIT for purposes of acquiring the property.

Given the finding of joint beneficial ownership and entitlement to occupation rent, the Court of Appeal also set aside the trial judge's award reimbursing Ms. Draper for the payments she made toward the property in its entirety, while noting that Ms. Draper «may be entitled to reimbursement from Mr. Holtby for certain payments she made».

Tenants In Common — A type of joint tenancy of property in which two or more parties are co-tenants of the same property but do not have a right of survivorship; each tenant's portion of ownership is separate and distributable by will or trust.

Transmutation occurs when spouses change the ownership of property; for example, when a spouse changes the title of a home that is his separate property to a joint title in both spouses» names.

Couples who are divorcing or dissolving their civil partnership may want to change the ownership of their property from joint tenants (or common owners with a survivorship destination, in Scotland) to tenants in common (or common owners, in Scotland).

A legal relationship and method referencing the ownership of real property by which one person mutually holds legal title to property with other persons in such a way that when one of the joint owners dies, the remaining party (s) owns an undivided interest in the entire property; more legally referred to as Tenancy in Common with rights of survivorship.

Real property (sale, transfer, buyout or continued joint ownership of marital residence, investment properties, time - shares, vacation or other property)

Form of joint ownership which provides that if one joint owner dies, his or her share becomes part of his or her estate rather than automatically becoming the property of the other joint tenants.

All of the owners of the property are named in the partition lawsuit, with the joint owner (or owners) that want to dissolve the shared ownership serving as plaintiff, or petitioner, with the remaining owners in the role of defendant, or respondent.

As part of its exit, Cedar will acquire RioCan's 80 percent ownership interest in Franklin Village shopping center in Franklin, Mass. for $ 60.1 million, including the assumption of an in - place $ 34.7 million mortgage; sell its 20 percent ownership interest in the remaining 21 properties for approximately $ 119.5 million, including in - place financings of $ 54.4 million and receive approximately $ 39 million in cash, as well as the distribution of its share of working capital in the joint venture.