I. Statement of the problem * Henry Sy and John Gokongwei continuity. II. objectives * To determine the way on how their business well continue without breaking the very large company. * To mark out few possible causes of action that will lead to the down fall of business. III. are of consideration Henry Sy and John Gokongwei have both family members who are capable of running the business. They both have children who are very inclined to business. Since their early aged ‚ they
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(1) G.R. No. 169144 IN RE: IN THE MATTER OF THE PETITION TO APPROVE THE WILL OF RUPERTA PALAGANAS WITH PRAYER FOR THE APPOINTMENT OF SPECIAL ADMINISTRATOR‚ MANUEL MIGUEL PALAGANAS and BENJAMIN GREGORIO PALAGANAS‚ petitioners‚ vs. ERNESTO PALAGANAS‚ respondent. January 26‚ 2011 ABAD‚ J.: FACTS: Ruperta C. Palaganas (Ruperta)‚ a Filipino who became a naturalized United States (U.S.) citizen in 2001‚ died single and childless. In the last will and testament she executed in California‚ she designated
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Utilizing an estate planning attorney is a very good idea when trying to figure out how to distribute your various assets when you pass away‚ typically by helping you plan for any possible complications or issues that could come about after you pass away. Listed below are just two of the many reasons as to why it is so important to hire an estate planning attorney. They Will Work To Minimize Conflicts Between Beneficiaries A hugely important reason as to why you should hire an estate planning attorney
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programming‚ inheritance plays an important role in a programmer’s ability to reuse codes. Inheritance in basic terms allows a subclass to use the variables and methods of a superclass. When a programmer creates a subclass with new variables and methods‚ it can easily use the superclass’s methods and variables by extending without having to rewrite the entire superclass over again. Therefore‚ the subclass inherits variables and methods from the superclass. In this sense‚ inheritance helps save time
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IN THE PROBATE COURT OF COBB COUNTY STATE OF GEORGIA IN RE: ESTATE OF ) ESTATE NO. ____________ ) ROSALYN PARKS/BOWMAN a/k/a ROSALYN ) PETITION FOR LETTERS PARKS‚ f/k/a ROSALYN KELLY ) OF ADMINISTRATION DECEASED TO THE HONORABLE JUDGE OF THE PROBATE COURT: The petition of EBONY FELICIA HARRIS whose domicile is/are 214 Maner Terrace‚ S.E.‚ Smyrna‚ Georgia 30080 ‚ and whose mailing address(es) is/are SAME shows: 1. ROSALYN (nmn)
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G.R. No. L-11840 December 10‚ 1963 ANTONIO C. GOQUIOLAY‚ ET AL.‚ plaintiffs-appellants‚ vs. WASHINGTON Z. SYCIP‚ ET AL.‚ defendants-appellees. Facts: On May 29‚ 1940‚ Tan Sin An and Antonio C. Goquiolay formed a commercial partnership in Davao‚ having capital contribution of 40% and 60%‚ respectively. The business of the partnership is to engage in the buying‚ resale and lease of real estates for subdivision. Among the conditions agreed upon in the partnership agreement that are material
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The estate of a deceased person is subject to the following deductions: 1.) Expenses‚ losses‚ debts and taxes: a.) Funeral expenses -must not be more than 5% of the gross estate and not more than Php200‚000 (doesn’t include expenses after the burial.) b.) Court expenses for testate (with a will) or intestate (without a will) proceedings (including extra-judicial settlement.) c.) Debts of the deceased where the papers of said debts are notarized when they were contracted. If the loan was made
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As per the Income Tax Act‚ 1961 where a person dies‚ his legal representatives shall be liable to pay any sum which the deceased would have been liable to pay if he had not died‚ in the similar manner and to the same extent as the deceased. As per section 159 of the Income Tax Act‚ 1961 (Act)‚ even when a person dies‚ the assessment of his income is to be done upto the time of his death. So‚ the legal representative of the deceased has to file the income tax return for the income on which the deceased
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In my estate planning practice‚ it is not uncommon to meet with a new client who wants an estate plan prepared‚ but is a bit vague as to what should be included in that plan. Quite frequently‚ the initial conversation begins with the client saying something like‚ "I would like a will... or should I have a trust? Do I need anything else?" Actually‚ those are good questions to begin a discussion. Most folks recognize that their estate plan should provide for the distribution of their assets upon their
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LAST WILL AND TESTAMENT OF EMMY H. JOHNSON I‚ EMMY H. JOHNSON‚ of Columbus‚ County of Franklin‚ state of Ohio‚ make this my Last Will and Testament‚ hereby revoking all earlier wills and codicils. ARTICLE I I direct that all of my funeral expenses and the cost of the administration of my estate be paid out of my residuary estate as soon as practicable after my death. ARTICLE II I give‚ devise‚ and bequeath one million two hundred and fifty thousand dollars ($1‚250‚000) in government
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