retains the power to terminate the estate of the grantee upon the happening of a special event‚ “a fee simple determinable” is created. In the event that the language is ambiguous‚ such as “so long as”‚ courts have a constructional preference for a fee simple subject to condition subsequent. In that case‚ the grantor has to take affirmative action to reclaim the estate. Upon happening of a special event stated in conveyance‚ the title of the estate of the grantee continues until the grantor
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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 issued bonds to my niece‚ SUSAN B. JOHNSON‚ if she is living on the thirtieth day after my death. ARTICLE III If my niece‚ SUSAN B. JOHNSON‚ is not living on the thirtieth day after my death‚ I give and devise her share of my estate‚ to her issues in equal shares
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His total estate was $100‚000‚ but he and his estate owed debts and taxes amounting to $80‚000. Before the executor pays the debts and taxes‚ it looks as if Sally gets $40‚000‚ and George gets the $60‚000 residue. The executor first uses the residue to pay the debts and taxes. The
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TOPIC 6: COMMENT ON THE PROS AND CONS OF PRIVATIZATION OF SOCIAL WELFARE SERVICES IN HONG KONG SOCIETY. USE THE "LINK-REIT" AS AN EXAMPLE TO ILLUSTRATE YOUR ANSWER. INTRODUCTION The Link-Reit (Real Estate Investment Trust) has long been a controversial issue ever since its launch. The issue in fact concerns the privatization of welfare services. The purpose of this paper is to review the worthiness of privatization in the midst of conflicts of interests among different groups of people in Hong
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particular fact. (Rule 1‚ Sec. 3c) RULE 72 SUBJECT MATTER AND APPLICABILITY OF GENERAL RULES Section 1. Subject matter of special proceedings Section 2. Applicability of rules of civil actions SUBJECT MATTER OF SPECIAL PROCEEDINGS a. Settlement of estate of deceased persons b. Escheat c. Guardianship and custody of children d. Trustees e. Adoption f. Rescission and revocation of adoption g. Hospitalization of insane patient h. Habeas corpus i. Change of name j. Voluntary dissolution of corporations
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the trust or fail to give bond or a person dies intestate. PERSONS WHO MAY BE EXECUTORS/ADMINISTRATORS 1) EXECUTOR – The person named in the will to administer the decedent’s estate and carry out the provisions thereof. 2) ADMINISTRATOR (regular or special) – The person appointed by the court to administer the estate where the decedent died intestate. *An administrator may also be one appointed by the court in cases when‚ although there is a will‚ the will does not appoint any executor‚ or if
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The early twentieth century is when Modernism first emerged‚ and by the 1920s‚ the prominent figures of the movement - Le Corbusier‚ Walter Gropius‚ and Ludwig Mies van der Rohe – had the largest reputations towards it. It was not until after the Second World War that it gained huge popularity‚ after modernist planning was implemented as a solution to meet basic social needs‚ after the previous failures in architecture and design. Up to 15% the urban populations were living in poverty During the
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the U.S. Private respondent Ernesto C. Palaganas (PR/Ernesto)‚ another brother of Ruperta‚ filed with the RTC of Malolos‚ Bulacan in 2003‚ a petition for the probate of Ruperta’s will and for the former’s appointment as special administrator of her estate. Petitioners Manuel Miguel Palaganas (Manuel) and Benjamin Gregorio Palaganas (Benjamin)‚ nephews of Ruperta‚ opposed the petition on the ground that Ruperta’s will should not be probated in the Philippines but in the U.S. where she executed it. Manuel
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for a number of years‚ I feel we could take on many of their operating procedures to increase profit and market share. Firstly‚ I will begin with a comparison of public‚ private and voluntary companies in the housing sector. Moat Housing‚ a public sector company‚ provides affordable housing for people who have low deposits or are unable to obtain a 100% mortgage. They are non-profit making and any profits are re-invested in the company. They are managed by a Board of Management which consists of
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What consequences might there be if a will’s custodian fails to turn the will over to the probate court after the decedent’s death? If a will’s custodian fails to turn the will over to the probate court after the decedent’s death‚ the court may compel the custodian to produce the will this is if requested by the potential beneficiaries of the will‚ and if the custodian fails to produce the will‚ he or she may be subject to criminal charges (Herskowitz‚ 2014). When would a personal representative
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