What is a “Life Estate”?

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  A “life estate” is an estate whose duration is limited to the life of an individual (usually the party holding the life estate), and a legal arrangement whereby the “life tenant” during his or her life retains use (the rights to rents and profits), possession of the property and costs of maintaining the property.…

Intellectual Property

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Intellectual property (IP) is a term referring to a number of distinct types of creations of the mind for which a set of exclusive rights are recognized.  Under intellectual property law, owners are granted certain exclusive rights to a variety of intangible assets, such as musical, literary, and artistic works; discoveries and inventions; and words,…

Sponsorship and Underwriting Campaigns: Would You Please Fund Our… ?

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  By Tony Poderis Sponsorships and underwriting are different labels for basically the same thing: funding donated for the support of a project, program, event, initiative, activity, or even a salary.  In general, foundations are identified as underwriters and corporations as sponsors.  Individuals can be either, but in most instances underwriters and sponsors will be…

50 Types of Trusts

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  Trusts can be established for a wide variety of purposes, and some types of trusts have more than one name.  This issue provides brief descriptions of 50 trusts.  The use of trusts has increased during the last 30 years as taxpayers attempt to nurture and preserve financial wealth for their spouses, children, and grandchildren. …

Determining the Value of Your Business

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  There are many approaches to take in establishing an accurate valuation for your business. Finding the best method for your situation will provide you with the best measure of value. Read more about Exit Strategies/Selling Business » You’ve examined your company’s historical financial statements, thought carefully about your prospects for future growth, and perhaps…