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A cafeteria plan or cafeteria system is a type of employee benefit plan offered in the United States pursuant to Section 125 of the Internal Revenue Code. [1] Its name comes from the earliest versions of such plans, which allowed employees to choose between different types of benefits, similar to the ability of a customer to choose among available items in a cafeteria.
[citation needed] No two community property states have exactly the same laws on the subject, and the statutes or judicial decisions in one state may be completely opposite to those of another state on a particular legal issue. For example, in some community property states (so-called "American Rule" states), income from separate property is ...
Family of origin refers to the early social group a person belongs to in childhood, which is often a person's biological family or an adoptive family. [1] The family of origin is often referred to in contrast to the family of choice independently in adulthood (such as marriage , living independently, etc).
New York prevents a New York resident claiming this exemption if the New York resident owns property in another state and claims a similar exemption in that other state. Oklahoma allows a $1000 deduction of the assessed valuation, about $75 to $125 of savings per year, if owners file for homestead exemption with the local county clerk.
29 states or territories have adopted the Uniform Statutory Rule Against Perpetuities (or some variant of it), which extends the waiting period typically to 90 years after creation of the interest. [15] At least six states have repealed the rule in its entirety, and many have extended the vesting period of the wait-and-see approach for an ...
A family of choice refers to a group of people bound by intentional and chosen relationships, with a focus on mutual love, trust, and commitment. This is in contrast to a " family of origin ", the biological or adoptive family into which a person is born or raised.
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A restraint on alienation, in the law of real property, is a clause used in the conveyance of real property that seeks to prohibit the recipient from selling or otherwise transferring their interest in the property. Under the common law such restraints are void as against the public policy of