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  2. Shall and will - Wikipedia

    en.wikipedia.org/wiki/Shall_and_will

    Thus shall is used with the meaning of obligation, and will with the meaning of desire or intention. An illustration of the supposed contrast between shall and will (when the prescriptive rule is adhered to) appeared in the 19th century, [11] and has been repeated in the 20th century [12] and in the 21st: [13] I shall drown; no one will save me!

  3. Will and testament - Wikipedia

    en.wikipedia.org/wiki/Will_and_testament

    This is an accepted version of this page This is the latest accepted revision, reviewed on 19 January 2025. Legal declaration where a person distributes property at death "Last Will" redirects here. For the film, see Last Will (film). This article possibly contains original research. Please improve it by verifying the claims made and adding inline citations. Statements consisting only of ...

  4. Joint wills and mutual wills - Wikipedia

    en.wikipedia.org/wiki/Joint_wills_and_mutual_wills

    Although a single document, the joint will is a separate distribution of property by each executor (signatory) and will be treated as such on admission to probate. Mutual wills are any two (or more) wills which are mutually binding, such that following the first death the survivor is constrained in the ability to dispose of the property by the ...

  5. Estate planning - Wikipedia

    en.wikipedia.org/wiki/Estate_planning

    Estate planning may involve a will, trusts, beneficiary designations, powers of appointment, property ownership (for example, joint tenancy with rights of survivorship, tenancy in common, tenancy by the entirety), gifts, and powers of attorney (specifically a durable financial power of attorney and a durable medical power of attorney).

  6. Title retention clause - Wikipedia

    en.wikipedia.org/wiki/Title_retention_clause

    Title to {the Goods} shall remain vested in {the Seller} and shall not pass to {the Buyer} until the purchase price for {the Goods} has been paid in full and received by {the Seller}. Until title to {the Goods} passes: {the Seller} shall have authority to retake, sell or otherwise deal with and/or dispose of all or any part of {the Goods};

  7. Deferred Tax Assets vs. Deferred Tax Liabilities: What's the ...

    www.aol.com/deferred-tax-assets-vs-deferred...

    When it comes to a company's taxes, there are two important categories to understand: assets and liabilities. Tax liability is anything that a person or company owes taxes on, such as income or ...

  8. Legal instrument - Wikipedia

    en.wikipedia.org/wiki/Legal_instrument

    Legal instrument is a legal term of art that is used for any formally executed written document that can be formally attributed to its author, [1] records and formally expresses a legally enforceable act, process, [2] or contractual duty, obligation, or right, [3] and therefore evidences that act, process, or agreement.

  9. Liquid assets vs. fixed assets: What’s the difference? - AOL

    www.aol.com/finance/liquid-assets-vs-fixed...

    A liquid asset is an economic resource that can be quickly and easily converted into cash. Liquid assets can be sold or exchanged without significantly impacting their value. Examples of liquid ...

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