In her will, Loomis provided that all of her grandchildren were to receive an equal share of her estate. Is this a per stirpes or a per capita distribution?
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In her will, Loomis provided that all of her grandchildren were to receive an equal share of her estate. Is this a per stirpes or a per capita distribution?
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- Sue and John are married. They have four children: Mia, Frank, Beth, and Kate Frank has a child, Karen. Kate has two children Jason and Jeff Sue dies first, leaving everything to John, John dies and leaves everything in equal shares to his children per capita by the generation. Unfortunately, at the time John died, Frank and Kate were deceased. What is the fractional interest to each person in the wil?At the turn of this century, a rather well-off (financially secure) husband and wife team decided to purchase a dilapidated shell of a building in the city of Norwich in the UK. The defunct General Post Office construction site was deemed ideal for a high-class luxury hotel. The main investors for the initiative were family members who ultimately financed the project to the tune of several millions. During the refurbishment, the couple had to persuade family benefactors to reinvest significant extra sums in order for the hotel to open.During the course of the broadcast’s viewers witnessed the highs but mainly lows of the conversion process up until the grand opening of the hotel. During early stage-setting broadcasts, interviewers were keen to know about the impetus for the idea and how data was obtained about the primary market segment for the St. Giles. The couple indicated that owning and running a hotel had always been a dream and they felt that the time was right to embark on…Please explain why a settlor would choose to create a Discretionary Trust over an Absolute Trust. Adam and Liz are married and they have two children: Robert, age 32, and Clare, age 28, that are financially independent. Robert is married and has one child and Clare is going to get married. Both Robert and Clare are planning to have more children. Adam's and Liz's total estate compromises of: Joint owned property: Adams's ISA: Liz's ISA: Adam's pension: Liz's pension: Cash savings (joint account): Adam's VCTS: Joined owned Buy to Let property: £1,500,000 £350,000 £200,000 £870,000 £650,000 £230,000 £150,000 £350,000 They also have the two following mortgages: Mortgage on residential property: £130,000 Buy To Let mortgage: £80,000
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- Several months ago, Amanda Potter became a trustee of Breakthrough, a UK charity that supports educational and cultural initiatives for underprivileged children. Potter was invited to join the board of trustees by the board chairman, a long-time friend. In the time since her appointment, Potter has begun to learn about the activities of the charity; however, there are still aspects of operations and funding about which she is not altogether clear. There is some disagreement between trustees about whether the main area of activity for the charity should be educational or whether it should focus more on cultural activities. The board of trustees has met only twice since her appointment, and Potter now understands that many of the policy decisions are made by the chief executive of the organisation and his small management team. Since her appointment, Potter feels that she has done very little as a trustee. She is also annoyed that she has twice been asked to find individuals or companies…What is the purpose of the Gratuity Act and who is eligible to receive gratuity?can you tell and explain me exactly, what is the probable outcome of Caspers’s suit against Daniella?