several weeks‚ BJSMC conducted a comprehensive estate plan providing a structural outline of our client’s‚ Scott‚ estate opportunities and limitations subject to specific request. Our client provided us with the following scenarios: 1). If Scott dies this year‚ predeceasing Sue‚ and his executor elected his date of death as the valuation date‚ indicate those assets (and their values) that would be includible in Scott’s gross estate for estate tax purposes. Also‚ please explain your reason
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Question 2a: Discuss the importance of ratio analysis for inter-firm and intra-firm comparisons including circumstances responsible for its limitations .If any Answer: Ratio analysis implies the systematic use of ratios to interpret the financial statements so that the strength and weaknesses of a firm as well as its historical performance and current financial position can be determined. With the help of ratio analysis conclusion can be drawn regarding several aspects such as financial health‚
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Real Estate Financing 3000 North Broad Case Write-up Nov‚ 6th‚ 2013 1. What are some things that Lance Johnstone did well and what should he have done better in planning this project. Things Johnstone did well: The original plan of the business case developed by Johnstone is solid: Johnstone and his partner has done the study on zoning and regulatory research. The development plan has been approved by the city‚ the general contractor responsible for the construction plan has been hired
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------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- LAWS2017 Real Property ------------------------------------------------- Comprehensive Study Notes 1. Common Law and Equitable Approached to Competing Interests The basic rules of priority: 1. Priority disputes occur when two or more people claim
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A report about the potential measures to handle the continuing crisis on the US- real- estate Market relating to the reformation of insolvency law Due to recent ratings over 11 million households‚ which approximately is every fourth mortgage debtor‚ show negative equity. “Negative Equity” means that financial assets summed up together are still under the merit of the mortgage dept. These households are therefore “underwater”. More than 4 million of these “underwater” households show that their outstanding
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STUDY OF: DAN ODIETE & CO. ESTATE SURVEYORS AND VALUERS. Dan Odiete & CO Estate Surveyors and Valuers is an organization that deals mainly on real estate (land and landed properties) registered by the Nigerian Institute of Estate surveyor and Valuers (NIESV) and the Estate Surveyors and Valuers Registration board of Nigeria (ESVRBON). Its business activities includes; Buying and selling of landed properties‚ leasing and letting of landed properties (real estate consultancy)‚ acquisition and
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keeping the reversion for himself is not a sensible option. The Rule in Shelly’s Case has been abolished in most states. This being the case‚ we will proceed in this manner as the state of New Tutor does not acknowledge this rule. Conclusion: A Life estate Pur Autre Vie should be given to Lucy‚ based on her life and Barry’s life with the remainder being divided between his heirs in a fee simple absolute. This would allow both he and Lucy to live there for the duration of their lives‚ yet the property
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Case name: Southeastern Land Fund‚ Inc. V. Real Estate World‚ Inc. 237 Ga. 227‚ 227 S.E.2d 340 (Ga‚ 1976). Facts: The Seller brought an action against the Buyer. The allegations were about a contract of sale of a real estate. The seller’s action sought to recover the price of $45‚000 plus the interests; as well as to recover their lawyer’s fees upon a promissory note referred in the contract. The buyer’s appeal was founded on the basis that the trial judged erred in granting summary judgment in
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interest. Priority is given to the first registered interest‚ the second registration is irrelevant Types of Estates in Old System Legal estate in fee simple: • Purchaser receives a legal interest at settlement when they get a conveyance by deed. The estate passes from the vendor to the purchaser. • A first mortgage by deed at settlement‚ where the vendor delivers • The legal estate may only vest with 3 parties: o Vendor before settlement o Purchaser post settlement (who may be subject
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It was three o’ clock on a hot afternoon in Hong Kong in mid-2000. Larry Yung‚ Chairman of Citic Pacific Limited (“CPL”)‚ was having a board meeting with his property development team. From his window on the 33rd floor of Citic Tower‚ he could see the impressive Victoria Harbour and an undeveloped prime waterfront site. This piece of reclaimed land had been purchased by a company six months earlier at a public auction. Now‚ the owner wanted to dispose of it‚ and hence it was made available to CPL
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