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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.


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.


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.


Is a building considered an asset?

If building is owned by business then it is asset of business while if building is acquired on rent then it is not an asset of business.


Can a home be foreclosed on when the mortgage is in a different name from What is on the deed?

Yes, if the person whose name is on the mortgage owned the property at the time they signed the mortgage. If they subsequently transferred the property, it was transferred subject to the mortgage.If the person who signed the mortgage did not own the property at the time, the mortgage is not enforceable.Yes, if the person whose name is on the mortgage owned the property at the time they signed the mortgage. If they subsequently transferred the property, it was transferred subject to the mortgage.If the person who signed the mortgage did not own the property at the time, the mortgage is not enforceable.Yes, if the person whose name is on the mortgage owned the property at the time they signed the mortgage. If they subsequently transferred the property, it was transferred subject to the mortgage.If the person who signed the mortgage did not own the property at the time, the mortgage is not enforceable.Yes, if the person whose name is on the mortgage owned the property at the time they signed the mortgage. If they subsequently transferred the property, it was transferred subject to the mortgage.If the person who signed the mortgage did not own the property at the time, the mortgage is not enforceable.

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