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What is the process of converting illegally earned assets in order to conceal their origin?
Wiki User
∙ 11y ago
money laundering
Wiki User
∙ 11y ago
Money laundering involves taking illegally earned money and running it through a complex series of financial transactions to hide its origin. This can involve placing the money in legitimate businesses, layering transactions to disguise the source of funds, and integrating the money back into the economy to make it appear as if it was obtained through legal means.
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Does a pour over will into a revocable living trust ever have to be probated?
No, assets held in a revocable living trust typically do not have to go through the probate process. When the individual passes away, the assets in the trust can be distributed according to the terms of the trust document without the need for probate.
Do you have to probate a will?
Probate is the legal process of administering a deceased person's estate, which may involve validating their will, paying debts, and distributing assets. Whether you have to probate a will depends on various factors such as the nature and value of the assets, state laws, and any potential disputes among heirs. It is advisable to consult with an attorney to determine if probate is necessary in your specific situation.
What is the probate law in Texas?
Probate in Texas is governed by the Texas Estates Code, which outlines the process by which a deceased person's assets are distributed and debts are settled. It typically involves verifying the validity of a will, appointing an executor or administrator, inventorying the estate, paying debts, and distributing assets to beneficiaries. Texas offers several simplified probate processes for small estates to expedite the process.
What does declaration of assets means?
Declaration of assets refers to a process where individuals or entities disclose their financial holdings, properties, investments, and other valuables. This practice is often required for transparency and accountability purposes, especially when holding public office or working in certain professions where conflicts of interest may arise. It helps to prevent corruption, ensure compliance with financial regulations, and promote trust among stakeholders.
How can you protect financial assets from attachment by nursing homes?
One way to protect financial assets from attachment by nursing homes is by creating a trust fund and transferring assets into it. This can help shield the assets from being considered for payment towards nursing home expenses. Consulting with a financial planner or an attorney who specializes in elder law can provide more personalized advice on how to protect assets.
What is embezzled?
The act of illegally acquiring assets, usually financial in nature, by one or more individuals to whom such assets have been entrusted.
What term refers to the relative ease of converting assets into cash?
liquidity
What is the meaning of funds mobilization?
Converting your bonds, stocks and liquid assets to cash
What is the crime of embezzlement?
Embezzlement is the act of illegally acquiring assets (usually financial in nature) by one or more individuals to whom custodianship of the assets have been entrusted.
What is liquid debt?
Quite simply, it is money owed, typically a short term cash loan, that must be repaid in a very short period.
What is Trading assets and non trading assets with examples?
Trading assets are those that are managed by banks who have securities that they trade. These help them to make more money from the process.
What is the revaluation surplus?
Companies from time to time do the process of revaluating its assets and liabilities for many reasons like liquidation or selling business or any other reason. From the process of revaluation its assets and liabilities surplus or defecit generate. If there is revaluation surplus it means that assets of company has more appreciated then assets of the companies reduced in value.
What is the meaning of surplus on revaluation of fixed assets?
While in the process of revaluation of assets and liabilities, if the value of some assets increase more than the decrease in the value of some fixed assets then the difference of this increase and decrease if positive is called surplus on revaluation of fixed assets.
What statement best represents how organizational process assets and enterprise environmental factors impact project tailoring?
org process assets can be adopted and tailored enterprise environmental factors often provide restricitons
What are the inputs to the close project or phase process?
-Organizational process assets -The project management plan -Accepted deliverables
Work in process current assets?
yes work in process is current account and shows inventory of those items which are in process of manufacturing in factory.
What are the list of account title in accounting process?
assets, liabilities, owner's equity
