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When should you consider a BloodLine trust A Bloodline trust should always be considered when the son-in-law or daugher-in-law is: (1) a spendthrift; (2) a poor money manager; (3) susceptible to gamb
1. Commissioner of Deeds appointed by the Governor of Florida to act n the foreign country (however, the authority of all appointed Commissioners of Deeds was revoked effective July 1st, 1997) 2. A
Avoids Inclusion of Life Insurance Proceeds in Insured's Gross Estate The goal of an ILIT is to remove the life insurance proceeds from the insured's gross estate for federal estate tax purposes. No
Complete Gift Make a completed gift of the property transferred to the ILIT under Treasury Reg. Â§Â§25.2511-2(b) and (c) Survive Survive for three (3) years after making the transfer of the property
Lifetime Values The difference between the lifetime value and the death benefit make ILITs an attractive candidate to transfer policies into. Income Tax Free!!! Life insurance explodes with value whe
Degree of Risk The degree of risk and limitation on liability taking into consideration whether personal guarantees will be required for financing. Term What is the contemplated term of the project E
Money Judgment A Money Judgment is a judgment which adjudges the payment of a sum of money, as distinguished from on directing an act to be done or property to be restored or transferred. Black's La
1. Interest in Land Trust cannot be Partitioned Interest in Land Trusts cannot be partitioned, and transferring beneficial interests is relatively easy. No Disclsoure The interest of beneficiaries c
Tenancy at Will - Unwritten Lease Any of lease of land and/or improvements thereon, shall be deemed and held to be a tenancy at will unless, it shall be in writing signed by the Landlord. Such tenan
Minimum Technical Standards 1. Identify responsible surveyor and contains standard disclosures; 2. Identify type of survey performed; 3. Name, address, certificate #, license # of surveyor; 4.