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What else can I help you with?
What is better a revocable trust or will?
If you have a lot of assets a trust may be a better choice. Dividing the assets after death will probably be easier, and you may be able to legally avoid some taxes. Basically with a trust you avoid the involvement of probate court. Even with a will, probate court is involved.
What would happen if banks decide to keep more of their assets as reserves in order to avoid risking a shortage of required reserve?
The economy would slow dramatically due to a shortage of bank loans.
Actions taken to avoid the effects of a particular risk are called what?
Precautions
How Philippines earthquake impact economics?
Typhoons affect the Philippines economy significantly. Day to day business is affected and investors avoid setting up business in the affected areas for fear of losing their property and business assets.
What are the objectives of ufta?
The Uniform Fraudulent Transfer Act (UFTA) aims to prevent debtors from transferring assets to avoid paying creditors. Its primary objectives include protecting creditors' rights, providing a legal framework for challenging fraudulent transfers, and ensuring equitable distribution of a debtor's assets. By establishing criteria for what constitutes a fraudulent transfer, UFTA seeks to uphold the integrity of financial transactions and promote fair dealings among parties.
How can one avoid the pro rata rule when distributing assets in a partnership or corporation?
To avoid the pro rata rule when distributing assets in a partnership or corporation, one can use alternative methods such as a liquidation preference or a special allocation agreement. These methods allow for unequal distribution of assets based on specific criteria agreed upon by the partners or shareholders.
Can child support take owner company assets?
If the company is not incorporated then yes, the assets of the company technically belong directly to the owner and can be garnished to pay child support. To avoid this, the company can become incorporated and the owner should be given a specific salary set by the corporation.
Do assets with payable on death clause avoid probate?
Yes.Yes.Yes.Yes.
Can a corporate CEO legally refuse to answer a question that will incriminate the corporation?
No, because a corporation does not have the Constitutional right to avoid self-incrimination.
How can you avoid leaving a paper trail when you are in an audit?
One way to avoid leaving a paper trail for when you are in an audit is to transfer your assets offshore. Although be careful and make sure that your assets aren't sent by a bank that is located directly in your country.
How can I avoid my work's corporation tax?
My friend was telling me she had to do a ct image but I am not sure what that is ?
How does Sweden avoid revolutions?
They are an armed society, therefore a free society.
When a comapny liablilty exceed it assets it called?
When a company's liabilities exceed its assets, it is referred to as being "insolvent." This situation indicates that the company is unable to meet its financial obligations as they come due. Insolvency can lead to bankruptcy proceedings, where the company's assets may be liquidated to pay off creditors. It is a critical financial condition that requires immediate attention to avoid further financial deterioration.
What is better a revocable trust or will?
If you have a lot of assets a trust may be a better choice. Dividing the assets after death will probably be easier, and you may be able to legally avoid some taxes. Basically with a trust you avoid the involvement of probate court. Even with a will, probate court is involved.
Which annuities avoid probate?
Annuities with designated beneficiaries typically avoid probate because they pass directly to the named beneficiaries upon the annuitant's death. This can help to expedite the transfer of assets and avoid lengthy legal processes. It's important to keep beneficiary designations up to date to ensure assets pass to the intended recipients.
How can foreigners avoid estate tax?
Foreigners can avoid estate tax in the United States by not owning property or assets in the country at the time of their death. They can also set up a trust or other legal structures to hold their assets, which may help reduce or eliminate estate tax liabilities.
What kind of incorporation willprotect real estate assets?
Speak to an attorney about this matter. It is not simply a matter of incorpating assets in order to avoid inheritance taxes. It is a complication matter and should be arranged by a professional.
