Sentences with phrase «of deceased partner»

The ultimate transaction was a transfer of the deceased partner's interest in the property, rather than a transfer of the shares held by the deceased partner's family.

If no will is made, the share becomes part of the estate of the deceased partner and the other partner does not have any automatic right to the share.

• The family of the deceased owner receives income from the life insurance death benefit payout while preventing those family members from becoming inadvertent business partners unless those were the wishes of the deceased partner.

the remaining principals would use the death benefit to purchased the shares of the deceased partner or principal from his or her surviving family members or estate.

On the maturity of the policy Insurance company / bank a / c... Dr To partner's capital a / c (individually)-LCB- including the a / c of representative of deceased partner -RCB- 2.

When a partner or principal dies, the surviving principals will utilize the death benefit to acquire the shares of the deceased partner or principal from his or her remaining family members or the estate.

Advantages of death benefits are tax - free income to the named beneficiaries and provision of Massachusetts business security by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.

First of all your partner and yourself need to have a buy - sell - agreement that would stipulate that in the event of the death of one of the partners the survivor would buy the shares of the deceased partner for a predetermined amount of money.

In the event of the death of one of the partners the share of the deceased partner is of immediate concern.

Provide immediate cash for the survivors of the deceased partner thereby eliminating possible financial problems.

Business succession planning is therefore a way to provide liquidity so that the surviving partners or the company itself can facilitate a buyout of deceased partner's interest.

With the right insurance in place, the surviving business partners will have enough capital to keep the business going while looking for a replacement for the deceased partner, or to buy out the heirs of the deceased partner.

Your policy can help provide security for your business as well, by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.

Can provide business security by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.

Will the heirs of the deceased partner (s) / shareholder (s) exercise their right to vote, elect directors and demand financial information?

BUY - SELL PROTECTION The death of a business partner (shareholder) may result in your company being sold in order to compensate the family of the deceased partner (shareholder).

This money can help replace the income of the deceased partner and will help the survivor transition into a new lifestyle without undue financial hardship.

Historically the law did not recognize the claim of a common - law spouse against the estate of their deceased partner.

Clinical perspective aside, it was inspiring to read about David's developing relationship with the animal companions left to his care as a means of preserving the memory of his deceased partner.

Term life insurance allows the surviving partner to buy the shares from the family members of his deceased partner, who want no part of the business and will be happy to be bought out.

This agreement provides for the purchase of the deceased partner's share of the business at a prearranged price.

Not exact matches

The groups are represented by former DOL solicitor Eugene Scalia, who's now a partner in Gibson, Dunn & Crutcher's Washington office and the son of deceased Supreme Court Justice Antonin Scalia.

Survivor's pension: The spouse or common - law partner of a deceased contributor may be eligible to receive a monthly survivor's pension.

Among them are the rights to: bullet joint parenting; bullet joint adoption; bullet joint foster care, custody, and visitation (including non-biological parents); bullet status as next - of - kin for hospital visits and medical decisions where one partner is too ill to be competent; bullet joint insurance policies for home, auto and health; bullet dissolution and divorce protections such as community property and child support; bullet immigration and residency for partners from other countries; bullet inheritance automatically in the absence of a will; bullet joint leases with automatic renewal rights in the event one partner dies or leaves the house or apartment; bullet inheritance of jointly - owned real and personal property through the right of survivorship (which avoids the time and expense and taxes in probate); bullet benefits such as annuities, pension plans, Social Security, and Medicare; bullet spousal exemptions to property tax increases upon the death of one partner who is a co-owner of the home; bullet veterans» discounts on medical care, education, and home loans; joint filing of tax returns; bullet joint filing of customs claims when traveling; bullet wrongful death benefits for a surviving partner and children; bullet bereavement or sick leave to care for a partner or child; bullet decision - making power with respect to whether a deceased partner will be cremated or not and where to bury him or her; bullet crime victims» recovery benefits; bullet loss of consortium tort benefits; bullet domestic violence protection orders; bullet judicial protections and evidentiary immunity; bullet and more...

The borough president's office will also partner with the Department of Finance to visit Bronxites at 10 buildings this year and enroll them in rent freeze programs, and members will work with Congress to ensure that the Morrisania Post Office is renamed for the recently deceased former Borough President and Congressman Herman Badillo.

She was the daughter of his deceased law partner.

But one 2015 paper in Human Reproduction reported on four women undergoing IVF using sperm from their deceased partners, all of whom eventually got pregnant.

When the deceased's partner is ready to get pregnant, doctors can attempt to fertilize one of her eggs with the sperm in a lab setting using in - vitro fertilization.

Adapted from Peter M. Lenkov's graphic novel, the action comedy centers on the newly - deceased Detective Nick Walker (Ryan Reynolds) and his veteran partner Sheriff Roy Pulsifer (Jeff Bridges) as officers of the Rest in Peace Department.

Kudos to Roos for giving Lisa Kudrow the best screen role of her career as Lucia, the sister of Bill's deceased partner, and the acerbic conscience of a perfectly dysfunctional modern anti-romantic comedy.

R.I.P.D. (PG - 13 for violence, profanity, sensuality and sexual references) Fantasy comedy about a recently deceased cop (Ryan Reynolds) who tries to solve his own murder with the help of a new partner (Jeff Bridges) after joining a police department for the undead.

With nothing better to do after being roused from eternal slumber, she joins Ned and his private eye partner Emerson Cod (Chi McBride) to solve the murders of recently deceased (who all come briefly to life to provide a few clues to their killer).

(In French with subtitles) Nina's Heavenly Delights (PG - 13 for sexuality) Cross-cultural comedy about an Indo - Scottish woman (Shelley Conn) who returns to Glasgow to run her recently - deceased father's curry house with the help of his partner's daughter (Laura Fraser) while reuniting with a childhood friend who's now a flamboyant drag queen (Ronny Jhutti).

Of the students who saw A Christmas Carol, 88 percent could correctly identify Jacob Marley as Ebenezer Scrooge's deceased business partner, compared to 66 percent of the control grouOf the students who saw A Christmas Carol, 88 percent could correctly identify Jacob Marley as Ebenezer Scrooge's deceased business partner, compared to 66 percent of the control grouof the control group.

Covers you and your immediate family spouse or domestic partner, children at the same address up to age 25, IRS dependents sharing the same address regardless of age or in a nursing home / hospice, or deceased 12 months or less.

A spouse or common - law partner under the age of 35 is not eligible for the spousal pension benefit, unless she is disabled or raising one or more of the deceased contributor's children.

There is a CPP survivor's pension paid to the person who, at the time of death, is the legal spouse or common - law partner of the deceased contributor.

My mother is involved in a dispute with her recently deceased partners daughter, who is demanding to see records of the joint bank account she held with her partner.

Term life insurance can be used to fund buy - sell agreements so that on the death of a business owner, surviving partners can use the proceeds to purchase the business from the deceased owner's beneficiaries.

Unless an inherited property is transferred to you by a spouse or common - law partner, a deemed disposition will occur, so the estate of the deceased person will pay any capital gains taxes owing.

If you are involved in a business with a partner, it's possible that you have a buy / sell agreement in which each business owner purchases a life insurance policy on the other owner and then uses the death benefit to buy out the deceased owner's share of the business.

For some artists, the action of eating itself holds significant to their works, such as feminist artist Judy Chicago's installation The Dinner Party (1974 — 1979), and the piles of candy in Felix Gonzalez - Torres» Untitled (Portrait of Ross in L.A.)(1991), which symbolized his deceased partner and brought attention to the AIDS crisis.

This concerned the position of cohabitees under the Fatal Accidents Act 1976 who would be dependants for those purposes only if they have lived with the deceased as husband and wife (or civil partner) for at least two years prior to the death.

In some states, you can file a wrongful death claim if you are an immediate family member of the deceased, a life partner, a financial dependent, a distant family member, or anyone who suffered financially from the person's death.

There are strict requirements to be met: the couple must have been living together as if they were husband and wife (or as if they were civil partners or same sex spouses), and the deceased must have been domiciled in Scotland at the time of their death.

• The deceased's surviving spouse if they were married at the time of death; • The deceased's surviving domestic partner; • The deceased's surviving children; • People who would be entitled to the deceased's property as if he or she did not have a will; • The deceased's putative spouse, the children of the putative spouse, parents, or stepchildren of the deceased; • A minor that resided with the deceased for 180 days in the deceased's home and was dependent on him or her for at least half of their support; or • A personal representative of the deceased.

If the deceased has left children, half the residue passes outright to the children and the other half is held on a life interest for the surviving spouse or civil partner — and on the death of the surviving spouse or civil partner, the remainder will pass outright to the children.

The family of a deceased may object to provisions for a cohabitating partner if the couple was never officially married.

This year's group is a diverse list of legal innovators that ranges from Dwight Opperman, the recently deceased former CEO of West Publishing, to Tim Hwang, founder of a Silicon Valley law firm that lists two robots as partners.

Currently, the maximum fee payable to obtain probate is # 215, but under the new proposals, couples could be looking at total fees of # 40,000 with bereaved spouses / civil partners having to find # 20,000 before they can access their deceased spouse's / civil partner's assets: a huge increase which has been met with opposition and disbelief in the industry.