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What else can I help you with?
Does a trust protect personal assets?
Yes. However, the assets must be transferred to the trust and will no longer be "personal" assets. They will be under the control of the trustee of the trust. You should discuss your situation with an attorney who specializes in trust law in your state.
How do I buy assets effectively?
To buy assets effectively, you should research and understand the asset you want to purchase, set clear investment goals, diversify your portfolio, consider the risks involved, and seek advice from financial experts if needed.
If you own a small business and you want to file personal chapter 7 on credit card debt do you have to file a business bankruptcy?
This is rather complicated. If your personal and business expenses were totally separate and there was no commingling of assets or debts, than probably not. Your business will, obviously be included in the disclosure of your assets. You should explore this throughtly with legal counsel in order to protect all your property and be certain you claim all your exemptions.
What is the purpose of a wealth manager?
A wealth manager assists a person with their cash assets. The manager acts in an advisory capacity, suggesting where the cash should be invested, what properties should be purchased and which financial institutions should be used.
Is your bank account number confidential?
Yes, your bank account number is confidential and should not be shared with anyone to protect your financial security.
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 assets should be included in a will to ensure proper distribution of your estate?
Assets that should be included in a will for proper distribution of your estate typically include real estate, vehicles, financial accounts, investments, personal belongings, and any other valuable possessions. It is important to clearly outline all assets and specify how they should be distributed among beneficiaries to avoid confusion or disputes.
Unexpired expense should write in income statement or balance sheets?
Unexpired expense is current assets until used so it is part of assets of business and should be included in assets side of balance sheet.
What are the responsibilities for financial manager?
They should determine how much the firm should invest in assets and how much cash should be raised.
Should financial statements of a proprietorship include the owner's personal assets and liabilities?
is this for NYIT accounting class?
1 The assets division should contain what accounts?
The assets division should contain properties like land, building, furniture, and vehicles. It should also include financial instruments such as cash, savings accounts, bonds, and stocks.
Can your husbands medical bill affect your credit?
Yes, unfortunately. Sometimes couples who are in dire financial situations actually get divorced and move assets to one or the other partner in order to protect property and credit, etc. If you have concerns along these issues, you should go see a lawyer to figure out how to protect yourself.
What steps should be taken to protect divorce assets acquired before marriage?
To protect divorce assets acquired before marriage, it is important to keep them separate from marital assets. This can be done by maintaining clear documentation of ownership, such as prenuptial agreements or keeping assets in individual accounts. It is also advisable to consult with a legal professional to ensure that these assets are properly protected in the event of a divorce.
What are the financial statements assertions that went wrong in audit of the financial statements of the satyam company?
1. Existence: The assertion on existence is made to check whether the specified assets and liabilities are present at the given date. It is also required to check that the transactions that are recorded took place at the specified date. In order to test these items of the financial statement, it is not sufficient that only books are consulted which record the assets or the liabilities. There should be proof of the existence of the physical assets or liability. For checking existence help is also sought from outside.2. Completeness: Checking completeness of a financial statement is to analyse whether all the transactions that are already given in the financial statement are rightfully included. In order to abide by the completeness assertion, the auditors prove with the help of sufficient evidence that all the recorded transactions deserve to be included. This is further supported with an external document so as to provide evidence regarding the occurrence of the transaction.3. Valuation: Valuation basically checks whether the different components of the financial statement have been included in the right proportion. The components are assets, liabilities,expense and revenue. The auditor does this with the help of GAAP.4. Rights and obligations: This is to check whether the assets that are included in the financial statement are the rights and the liabilities are the obligations of the company. In order to ensure this, sometimes special purpose entities are created.5. Presentation and Disclosure: This assertion is to ensure whether the items in the financial statements are classified in the right way. It is important to check that the account balance is calculated as well as disclosed properly.Junaid Yousaf www.youngdesigners.tk
Should the purely financial transactions be included in GDP calculations?
no. remember that GDP is a measure of the total market value of a country's output at a "given time period" .When making a Pure financial transaction no "current" production has taken place.The value of what is being exchanged was already counted as part of GDP at the time it was produced.Clear cases seen in buying stocks or Bonds,its simply swapping one assets for another.In short pure financial transactions are not included to prevent DOUBLE counting.
Does a trust protect personal assets?
Yes. However, the assets must be transferred to the trust and will no longer be "personal" assets. They will be under the control of the trustee of the trust. You should discuss your situation with an attorney who specializes in trust law in your state.
What should you do if someone forges your signature?
If someone forges your signature, you should report it to the authorities and your bank or financial institution immediately.Forgery is a serious crime and should not be ignored. Take steps to protect your identity and financial security.
