CASE SUMMARY Lok Kim Sun is an estate manager who tried to single-handedly managing 28‚500 acres of estate with 2500 employees. Even though he work his way up to his position now as an estate manager‚ he is extremely afraid of making mistake. This could be partly because of his immediate superior attitude‚ Henry Davidson who tends to look down to others and tends to adopt a very autocratic military attitude. Lok feels that he must know every details of the estate operation so that he can thoroughly
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WHAT IS THE THIRD ESTATE? Abbe Emmanuel-Joseph Sieyes As an ambitious clergyman from Chartres‚ Abbe Emmanuel-Joseph Sieyes was a member of the First Estate. Yet Sieyes was elected deputy to the Estates General for the Third Estate on the basis of his attacks on aristocratic privilege. He participated in the writing and editing of the great documents of the early revolution: the Tennis Court Oath‚ and the Declaration of the Rights of Man and Citizen. The pamphlet for which he is immortalized
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Typically‚ calculating a distribution from a will‚ in a common estate‚ is a result of poor estate planning. If an executor needs an analysis pad to figure out a distribution involving many beneficiaries‚ the estate plan has the following flaws: 1) There are too many beneficiaries in the estate plan. 2) The estate plan has a complicated distribution formula. In the article The Estate Income Tax Returns: Execute the Plan‚ calculating the distribution written in the will forced me‚ as executor
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An estate tax is a charge upon the decedent’s estate‚ regardless of how it is disbursed. Taxes imposed upon death provide incentive to transfer assets before death. This is because under the current tax laws it is cheaper. Although it is a unified system because the gift tax is tax exclusive which means you do not have to pay a tax on the tax it is less costly then on an estate tax which is tax inclusive. The best strategy is to utilize a taxpayers annual exclusion which is currently $10‚000
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Estate Planning: Planning for death to get the assets to whom you want‚ when you want‚ the way you want‚ with the least amount of taxes and legal fees possible. Elder Law: Planning for disability to get the persons you want to handle your affairs and to protect your assets from being depleted for long-term care. Introduction to Estate Planning and Elder Law Practicing estate planning and elder law is one of the most enjoyable and professionally rewarding careers an attorney may choose. Imagine
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If I were a Chinese farmer in 2006 I would be continuing my livelihood that I have done all of my life even when I was a child helping my family. I later got married and I now have 6 children ranging in age from 4 to 18. We all live in a village called Xinzhuang (Village of Xin) in China. This is a farming village that is about 1481.3 miles outside of Shanguani‚ China that is the closest well known city. My typical day starts out at 7:15 AM when I get up and eat breakfast with my family and then
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Assignment 4 Wills‚ Trusts & Estates In a stunning turns of events‚ Batman gave up crime fighting to start mass producing Batmobiles for GM in Michigan. Batman did this for many years. This was a disappointment to crime fighters everywhere. Batman‚ 70 years old‚ Married Catwoman‚ 35 years old‚ & they lived happily for many years. But when he was 77 years old Batman’s mind started to slip‚ often finding himself unaware of his surroundings. A few weeks after the onset of these symptoms‚ His wife
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well as for cash sale in the market. Initially‚ small farmers in the British West Indies produced crops for domestic use as well as for sale in the market. However‚ after 1860 these farmers began to export their crop. Reasons for the development of alternative crops 1. After 1834‚ small-scale agriculture grew out of the free-village movement as free blacks were determined to leave the sugar estate. Ex-slaves wanted to become independent of estate labour and to earn a living from the cultivation of
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Third Estate The Grievances of the Third Estate was the list of ideas that the cahier of the Third Estate sent to the Estates General on how the new Constitution should be drafted. It included the injustices on how the Third Estate was currently being treated‚ as well as ideas to restore their social standing and rights. The document begins by stating the people’s loyalty to the King and then lists the Third Estate’s wishes. Then they go on to tell him about each of the grievances of each of the
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among the Third Estate on the eve of the French Revolution. The Third Estate was discontent with unequal taxation‚ the interference of the government of the people’s lives‚ and unreasonable persecution of different religions. The Third Estate was made up by the merchants‚ peasants‚ and the laborers (bourgiosie). The bourgiosie were the only ones that were able to address the Third Estate grievances. One of the main grievances of the Third Estate were the high taxes. The First Estate (clergy) took
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