Discretionary Trusts and the concept of a sham trust. (a) The central theme regarding trusts is that they are assets that are legally owned by the trustees and not the beneficiaries. In a discretionary trust‚ the trustees have discretion as to who among a class of beneficiaries should receive income and/or capital under the trust and in what proportion (e.g. Mettoy Pension Trustees Ltd v. Evans [1990] 1 WLR 1587). So until a beneficiary is chosen to receive income or capital‚ they do not possess
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presidential styles of management between President Franklin D. Roosevelt and President William Clinton. Particular emphasis will be on domestic and foreign policy‚ and effectiveness of their presidential administration. Franklin D. Roosevelt was elected four times as President of the United States of American between 1933 through 1945. William Clinton was elected twice as President of the United States of American between 1993 through 2001. Both Presidents share many similar standpoints on foreign
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Franklin Delano Roosevelt was born on January 30‚ 1882 at his parents’ estate in Hyde Park‚ New York. His parents were members of the New York aristocracy. His father‚ James‚ was a country gentleman who made money in railroads and coal. His mother‚ Sara‚ was a strong-willed woman who adored her only child and remained a central figure in his life until her death in 1941. His father died in 1900. FDR�s childhood in Hyde Park instilled in him a love of the Hudson Valley‚ farming and rural people. His
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Forensic Accountants: Fraud Busters Daniel ****** Dr. Brian Collins Contemporary Business 8/12/2012 Abstract The field of forensic accounting is a profession that is in high demand because of the technological and financial complexity of today’s companies. Because of the Enron scandal forensic account has come to the forefront with some major universities even offering it as a major. There are several skills that are required in forensic accounting and they include an expertise in accounting
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INTRODUCTION Philippines are known for its beautiful scenery and friendly people‚ it is known as well for its delicious food. Among these foods is what we called “kakanin”‚ a native delicacy that are serves as desserts. Parties and celebrations seem not perfect without these Filipino desserts. What is more interesting about them is that they vary from one area to another in terms of ingredients. Another thing is that a lot of Filipino or the senior citizens know how to to make desserts as they
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Imagine if Julius Caesar was the president of the United States of America. Andrew Jackson is the closest comparison that could be made to having Caesar as president. His power as a president was great‚ almost rivaling the power of the monarch of Britain. Jackson’s power was so great that he even defied the supreme court. To achieve this power Jackson formed links with the public to get what he wanted and ignored the personal thoughts of his fellow associates and instead relied on the “Kitchen Cabinet”
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a. The Re-Denley Principle and Beneficiary Principle. A trust is created by a settlor or a grantor‚ transferring property to a trustee to hold in trust for stipulated purposes and may be created inter vivos or on death by will[1]. This implies that a trust is formed when a person transfers a property or rights to another person who holds it for a third party. There are many reasons why trusts are created. The most common reason is where the intended beneficiary of a right is not capable of
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Case 1 (Providian Trust) / Analysis write-up/discussion questions. (1) What key issues and challenges led to the initiation of the Access Plus project? Please think about the external vs. internal and business vs. technological aspects of the issues and challenges. From an internal point of view‚ Providian Trust board members felt that the trust’s information system was outdated and therefore the day-to-day activities‚ which could be done more efficiently with a new software and process‚ were
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On August 19th‚ 1946‚ Hope Alabama‚ Bill Clinton was born and is still alive today (Cole). As a boy‚ Bill would get into a lot of class elections and would sometimes lose‚ but would also win a majority‚ of the elections (Cole). As a boy‚ Bill was kind and respectable even today (Cole). Bill managed to gain the people’s respect even though he wasn’t a great president (Cole). As president Bill made America a safer place‚ kept the people supporting him‚ and gave inspiration to some Americans for
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The 32nd President‚ Franklin Delano Roosevelt‚ was the greatest president to ever lead the United States of America. He was a very fascinating‚ strong-willed‚ intelligent‚ and courageous man. Many difficult events happened during FDR’s presidency that many other presidents before would have buckled under the pressure‚ but not him. He seemed to always have a plan for every challenge thrown his way. America could use a president like him today to help this nation achieve greatness once again. Roosevelt
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