| Voting Trusts |
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| The special purpose served with a voting trust is to transfer the right to vote shares of stock without losing control of the stock itself or any other rights associated with it, such as appreciation, dividends, or other distributions. The voting trust is most often used with closely held companies where it is deemed advisable to allow one or more specific individuals to vote the stock. It is the trustee of the voting trust who is entitled to vote the stock held in the trust, and thus the individuals who are to have the vote will be appointed as the trustees of the voting trust.More... |
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| Executors -- Managing the Assets |
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| The best way to consolidate the decedent's liquid probate assets, to pay the decedent's taxes and debts, and to pay and keep track of your administrative expenses as the executor is to open a bank checking account under the title of executor of the decedent's estate.More... |
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| Hilton on Charity |
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| A remarkable statement about the nature of charity entered the public domain after hotel chain founder Conrad N. Hilton died on January 3, 1979, in Santa Monica, California. As the founder and head of Hilton hotels, Mr. Hilton was a very financially-rich man. A portion of his will revealed that he had begun to measure the riches of a man or woman in other ways. In his will, Mr. Hilton bequeathed property to the Conrad N. Hilton Foundation. He also described the nature of charity as follows.More... |
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| Choosing a Financial Power of Attorney |
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| You can create a valid power of attorney if you are at least 18 years old and mentally competent. Generally, you must understand what a durable power of attorney for finances does and that you are executing such a document.More... |
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| Gifts During Life - I |
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| An intentional transfer of property made from the generosity of the transferor is known as a gift. The person who makes a gift is known as the donor. The person who receives a gift is known as the donee.More... |
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