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The seal of the United States Office of Alien Property Custodian. The Office of Alien Property Custodian was an office within the government of the United States during World War I and again during World War II, serving as a custodian to property that belonged to US enemies.
The Custodian of Enemy Property is an institution that handles property claims created by war. In wartime, civilian property may be left behind or taken by the occupying state. In ancient times, such property was considered war loot, and the legal right of the winner.
The Custodian of Enemy Property for India is an Indian government department that is empowered to appropriate property under the Enemy Property Act, 1968 in India owned by Pakistani nationals. After the Indo-Pakistani War of 1965, the Enemy Property Act was promulgated in 1968.
Initially, the Custodian confiscated the property of interned natives of Germany and of businesses, such as the Bayer chemical company. [ 10 ] [ 11 ] On December 7, 1917, the United States declared war on the Austro-Hungarian Empire , the other Central Power .
In the postwar period, the Custodian had the responsibility for resolving Canadian War Claims, and the resolution of outstanding wartime property issues. This latter process was complicated by the implications of the large scale nationalization of property in Eastern Europe by the Communist regimes established in the post war period under ...
A custodial account is a popular way for parents and guardians to invest for their children’s future. Accounts are easy to set up and manage, and the adult custodian can choose from a wide range ...
The custodian is often the minor's parent. In the U.S., this type of account is often structured as a Coverdell ESA, allowing for tax-advantaged treatment of educational expenses. Another form is a trust account owned by an individual or institution, managed by a named party for purposes of rapid distribution of funds in that account. This is ...
Does not eliminate the need to pay off debts: While TOD accounts offer convenience and simplicity, one risk is that your estate might not have sufficient funds to pay off debts, potentially ...