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Deemed assets are properties or resources that are considered part of an individual's or entity's wealth for legal or tax purposes, even if they are not physically owned or directly controlled. This can include assets like future income, certain types of investments, or benefits that are expected to be received. Deemed assets are often relevant in contexts such as estate planning, taxation, or eligibility for government assistance programs. Understanding deemed assets is crucial for accurate financial assessment and compliance with regulations.
What else can I help you with?
What is the difference between current assets vs total assets?
Current assets are those assets which is usable in current fiscal year while total assets includes assets other then current assets like long term assets as formula showTotal assets = current assets + fixed assets
What is difference between personal assets and company assets?
Personal assets is assets that are owned by a person. Company assets are assets that are own by the company.
Are intangible assets included in current assets?
Intangible Assets are not included in current assets. They are usually listed under Other Assets.
What is the difference between tangible assets and intangible assets?
We can feel tangible asset,where as we cannot feel intangible asset
How do you find the percentage of current assets to total assets?
percentage of current assets to total assets
Does the estate include assets that are deemed transferred via a grantor trust whereby both the decedent and surviving spouse are the grantors?
No. Assets that were transferred to a valid trust are not included in the estate of the decedent.
What are creditors rights after death of debtor and probate assets are insufficient?
The estate is responsible for payment of debts. If the estate is insufficient it is deemed to be insolvent and the creditor is out of luck.
Can unemployed beneficiary receive financial support from estate before death of testator deemed incompetent?
No, they have no rights in the property. The estate does not exist if the testator is still living and the assets may be needed for their support.
What are three sentences for the word deemed?
I deemed it unsafe to proceed.The test was deemed inaccurate. He was twice deemed to be at risk to himself or others.
What is the meaning of deemed income?
deemed income
What happens when your parents are deceased and there is no money left in the estate to pay for medical bills?
If there is any other property such as real estate then it must be sold to pay the debts. If there are no assets the estate will be deemed insolvent by the court and the creditors are out of luck.
Deemed in a sentence?
She deemed her class was the loudest at the peripherally
What does deemed submitted mean?
deemed to be submitted to the client
Is prist university a deemed university?
Prist became deemed to be university in the year 2007.
What is the difference between current assets vs total assets?
Current assets are those assets which is usable in current fiscal year while total assets includes assets other then current assets like long term assets as formula showTotal assets = current assets + fixed assets
What is difference between personal assets and company assets?
Personal assets is assets that are owned by a person. Company assets are assets that are own by the company.
What is the antonym of the word deemed?
http://thesaurus.reference.com/browse/deemed
