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What else can I help you with?
What is an asset of a person?
An asset is some property or right having value owned by a person.
Does a surviving joint tenant pay inheritance taxes?
No. Joint property with the right of survivorship is a non-probate asset. It may help to think of jointly owned property this way: You both owned the whole property. When the other person died their interest in the property simply vanished. You already owned the property and so you "inherited" nothing.
Anything of value owned by the business?
Anything of value that is owned by a business is called an asset. This includes property, equipment, stock, or bonds.
Are cleaning supplies an asset or liability?
supplies that are owned owned = asset = asset
What is difference between asset and revenue?
An asset is a valuable property owned by a company, available to meet debts. Revenue is any income a company receives.
How can I conduct an asset search on a person?
To conduct an asset search on a person, you can hire a professional investigator or use online databases to search for property records, financial accounts, and other assets owned by the individual. It is important to follow legal guidelines and obtain consent if required before conducting such a search.
Can a property be listed as an asset if it is held in a trust?
Yes, a property held in a trust can be listed as an asset, but its classification depends on the type of trust. In a revocable trust, the grantor retains control and can treat the property as a personal asset. In an irrevocable trust, the property is owned by the trust itself, and it may not be considered an asset of the grantor for personal financial purposes. Always consult a legal or financial professional for specific advice regarding trusts and asset classification.
Is a home that is owned by two unmarried people in Pennsylvania exempt from a creditor judgment the debt is only from one person Both people live in the home?
No, the portion of the property owned by either is an asset available to creditors of that person. The court can force a sale and distribute the funds to the owners according to their ownership percentages.
Do you agree with the idea that someone can own intellectual property?
Intellectual property is a third party property being owned by a person or entity. This means that intellectual property can, in fact, be owned by someone.
Who is the owner of jcpenney?
As of October 2023, JCPenney is owned by Brookfield Asset Management and Simon Property Group, which acquired the company during its bankruptcy proceedings in 2020. The ownership structure has allowed them to revitalize the brand and focus on its retail strategy.
What group of people had the right to in the colonial America?
White Men who owned property
Is a house considered an asset in probate?
If the property was solely owned by the decedent the estate must be probated in order for title to pass to the heirs-at-law.
