Sentences with phrase «to distribute assets»

This document will be your voice after your death, distributing your assets in accordance with your express wishes.

Estate Transfer The process of distributing the assets of an estate, either during an individual's lifetime or after death.

If you have no type of will and pass, the state can then distribute your assets as they see fit.

If you die with any debt, the probate process will require your debts and taxes to be paid before distributing assets to your beneficiaries.

You must distribute all assets from all qualified plans you hold with the employer, even if only one holds company stock.

A lot of people (falsely) assume that their family will appropriately and fairly distribute their assets and property.

This can look like a fund has sold off sharply when, in fact, the fund simply distributed some assets to its shareholders.

With the union of mobile devices, ubiquitous connectivity and the cloud, organizations have a fighting chance to make sense of how their mobile and distributed assets contribute to the bottom line.

Not many people enjoy thinking about how to distribute their assets once they pass away, but it's worth considering in order to leave a legacy among your family members.

Your Trustee distributes your assets to your creditors, and your debts are eliminated.

And who has to deal with actually distributing your assets?

Do I want to distribute my assets outright or have them held in trust for the benefit of family members?

The process of paying out a claim on a life insurance policy or distributing assets in an annuity.

Judges strive for a fair split when they are distributing the assets of the divorcing couple.

Regardless of how long it takes the administrator to distribute the assets from the estate of the deceased, your right to any future distribution is a part of the bankruptcy estate.

Penalty May Be Waived by Switching to the Five - Year Option If the retirement account owner died before the required beginning date (RBD), the beneficiary may be required to distribute the assets within five years or over his or her life expectancy.

Trusts can also, when executed properly, keep trust assets out of probate, the potentially lengthy legal process of assessing and distributing your assets after you die.

These consumers should also look into life insurance as a means to distribute their assets when they pass away, as well as create another financial safety net to help support their families should they pass away.

Even if you are a power of attorney for your father, whether he has capacity or not to make his own financial decisions, you don't have the authority to start distributing his assets based on his will until he has died.

The enforcement of financial claims against criminal offenders is now handled by the criminal justice authorities, who distribute the assets among the victims.

She decides to distribute the assets into a taxable account and elect NUA tax treatment.

The Trustees voted to dissolve the Foundation, effective after the 2017 dog show, and distribute its assets equally to the following veterinary colleges: Cornell University College of Veterinary Medicine; Michigan State University College of Veterinary Medicine; Cummings School of Veterinary Medicine at Tufts University; Tuskegee University College of Veterinary Medicine; and the University of Pennsylvania School of Veterinary Medicine.

Make sure that your non-profit distributes its assets to another tax - exempt group, when and if it dissolves.

The Trustee serves as the legal owner of the Trust's assets and is responsible for managing and distributing the assets according to the terms of the Trust.

As your bankruptcy lawyer can tell you, bankruptcy works by distributing your assets fairly among your creditors; that is, the biggest share of your money will go to whomever you owe the most (not your dear old auntie who helped you with rent).

We give you clear and practical advice on the best steps to follow, whether that is about distributing assets in a fair and sensible way, or making sure the interests of your children are protected.

Although every person should have a Last Will and Testament, proper Estate Planning involves a much broader objective than just distributing your assets upon your death.

The LLC distributes its assets and liabilities to the LLC owners, who each then contribute their share of the assets and liabilities to the new corporation in exchange for stock.

Matthew Evans, partner at Hugh James, says: «Amateur executors may not want the money of the deceased to go outside of their immediate family and so take matters in their own hands distributing the assets as they see fit, even if that means they are acting contrary to their responsibilities as a legal executor.

The courts in Australia have a broad remit to divide and distribute assets between the parties.

This legally binding document lets the testator distribute their assets as they see fit.

Pasadena, CA About Blog Estate Planning attorney Christopher B Johnson has been helping families plan their futures, protect their wealth and distribute assets for over 18 years.

A pervasive principal of equitable distribution is to liquidate and distribute all assets at the time of the entry of the Final Judgment of Divorce.

Most state courts distribute assets and liabilities equitably between spouses, which means the court splits your assets in a fair manner, though not necessarily equally.

Other states, called equitable distribution states, also distribute the assets and debts acquired during the marriage between the spouses — these states are not necessarily bound by a 50 - 50 split, although a fairly even split is often the outcome.

Although judges will typically distribute assets...

Pro se divorces work easily to terminate a short - term marriage that is childless, with both spouses working, easily distributed assets and easily settled debts.

The parties will receive a judgment that equitably distributes the assets, support awards will be issued, and debts will be apportioned.

Various factors are taken into consideration when distributing assets including the incomes of the parties prior to and at the beginning of the divorce, duration of the marriage, need to occupy the marital home, loss of inheritance or pension rights, maintenance awards, future financial circumstances of each spouse, tax consequences, dissipation of assets, contributions as a non-wage earner to the income of the spouse and home, and the character of the property itself.

This is good news for creditors of insolvent funds, as well as for the integrity of the overriding public policy of distributing the assets of an insolvent estate pari passu among its creditors.

The will might state a fee (e.g. 1 % of the estate) but, if not, the probate court can decide what the fee should be and authorize the executor to deduct the fee from the assets of the estate before distributing the assets, filing the final income tax return and estate tax return, etc..

Asset allocation refers to the process of distributing assets in a portfolio among different asset classes such as stocks, bonds, and cash.

«If you do not meet one of the criteria — for example, if you fail to distribute all assets within one tax year — your NUA election will be disqualified, and you would owe ordinary income taxes and any penalty on the entire amount of the company stock distribution.»

With a will, after probate -LCB- The legal process of distributing assets from an estate after death -RCB- everything becomes public record.

Probate is the legal process of gathering assets, determining creditors and beneficiaries, and distributing assets after all creditors have been paid.

The penalties are not usually based on distributing the assets, but instead start with excise taxes of 15 % and up on the trustee themselves.

If you and your spouse are unable to agree on your property division, you may have to take the matter to court where it will be up to the judge to decide how to fairly distribute your assets.