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A Nevis LLC is often used in conjunction with an asset protection trust because it gives the creator of the trust direct control over the assets if the creator is listed as the manager of the Nevis LLC. This gives the creator added security in that it keeps the assets one step removed from the trustee of the asset protection trust.
The name is derived from Matter of Totten, 179 N.Y. 112 (1904), the case decided by the New York Court of Appeals which established the legality of this practice. Although this method of creating a trust did not meet the formal requirements of trust creation, or the testamentary formalities required to make a valid will, the Court noted that such an arrangement typically involved a small ...
Some property lies in a "gray" area, in which the testator's specific intent must be determined. For example, where the testator bequeathes "500 shares of stock" in a company, this may be read as a general bequest (that the estate should purchase and convey the particular stocks to the beneficiary), or it may be read as a specific bequest ...
In late November, Tupperware’s brand name and intellectual property were bought by a private equity firm that aims to keep the company operational. Tupperware filed for bankruptcy this year ...
Other retirees want to spend more time visiting grandkids and may decide that moving to a smaller home or apartment closer to their grown children will afford them that access while saving them money.
“We refused access in the beginning, and we were served papers,” Bloodgood told Fox 17 reporters. Here’s more — and what to do if you ever run into the same issue. Homeowners claim TVA ...
DLA Disposition Services (formerly known as the Defense Reutilization and Marketing Service) is part of the United States Defense Logistics Agency.Headquartered at the Hart–Dole–Inouye Federal Center in Battle Creek, Michigan, the organization provides personnel to support the US military in 16 overseas deployments, including Iraq and Afghanistan, 2 US territories (Guam and Puerto Rico ...
Property or rights of a kind which can be the subject of a trust; A declaration of trust or disposition on trust by a person legally competent to create a trust; Certainty of property and objects (trust must be administratively workable) Compliance with requirements regarding evidence