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If you're facing financial struggles, don't cut corners around the law. Avoid bankruptcy fraud by getting help from a competent attorney. While bankruptcy filings nation-wide went down a total of 8 percent in 2011 from the year before, the total number of filings in the fiscal year of 2011 was 1,467,221. Obviously there is still a great need for financial remedies in the United States.
A comprehensive double tax agreement between Guernsey and Malta was signed on the 12th March, 2012.
In years past, family wealth was traditionally passed down from one generation to the next without question. It was rare for a family patriarch or matriarch to disinherit the children without a very good reason. Even the proverbial “black sheep” of the family typically received something when the time came. Passing on the family fortune was done out of tradition, family loyalty and pragmatism.
If you own a family business, you have likely spent your lifetime growing and nurturing the business. You have undoubtedly given considerable thought to the future of your business, including what will happen to it upon your death. If you are like most family business owners, your initial thought is that you wish to pass the business on to your family. But is this really a wise choice?
You are not required to utilize the same vehicle of asset transfer to facilitate the distribution of assets to each of your heirs. This is something to keep in mind, especially if you have someone on your inheritance list who you feel as though may need some guidance.
While the ability to decide who will receive your assets upon your death is certainly an important feature of estate planning, the ability to reduce, or even avoid, the tax consequences of transferring wealth and assets upon your death is an equally important facet of estate planning.
Last Spring, New York heiress Huguette Clark died just shy of her 105th birthday leaving behind what has become a “made for tabloids” battle of the Wills.
Historically doctors had no idea that any risks were being posed to the unborn child when the mother took Zoloft while pregnant. Conversely, the manufacturer of Zoloft may have known of the increased risks to fetuses but chose not to disclose them. There are several reasons why they may have done this but most likely it was to protect their bottom line, make a quarterly earning call, or hope that the number of affected infants would be nominal.
In early 2007, Richard Tom, while speeding and running a red light, broadsided Lorraine Wong’s vehicle. The impact tragically killed Wong’s eight year old daughter. After holding Tom at the scene for about ninety minutes, during which time he remained silent except to ask if he could walk home, Redwood City Police Officers transported him to the police station.
When injuries occur, people want compensation, or so it usually goes. Everyone is entitled to a claim in the event that they are injured by the negligence of a third party.