It is key to have the trustee of the Chapter 7 filing be aware of the intentional tort. Bankruptcy rules allow the creditors the use of very powerful tools like the use Rule 2004 and Section 341to interview and subpoena any information that could help them recover any assets possible…
citizens place trust in representatives to vote based on what is best for their interest. There are hundreds of different leadership approaches; however, the two discussed are the delegate and the trustee models. Each type of approach will results in different methods of countering budgetary problems. First, trustee leaders depend primary on “their own judgment and conscience (Lewis & Hildreth , pp.37),” when making decisions. This type of leader will most likely appeal to the fact that he or…
LA-203 Equity and Trusts Coursework I. Introduction The Statute of Frauds 1677 introduced formalities for the creation of trusts of land. Section 7 required that, “… all declarations or creations of trusts or confidences of any lands, tenements or hereditaments, shall be manifested and proved by some writing signed by the party who is by law entitled to declare such trust, or by his last will in writing, or else they shall be utterly avoid and of none effect”. Section 53(1) of the Law of…
Free and fair elections are the cornerstone of any true democratic state today and the legitimizing force by which citizens of a country grant a government the authority to rightfully rule over them and represent their opinions by make decisions in their best interests. Citizens’ right to vote is one of the most fundamental rights which they possess in modern liberal democracies, however, the low level of electoral participation is indicative of the fact that a countries democratic system might…
his own will and appointed Chloe, as the sole trustee of his will. It is crucial to define what a trust is. “A trust is a relationship which arises when property is vested in a person/s called the trustees, which those trustees are obliged to hold for the benefit of other persons called the beneficiaries” There are two kinds of trusts. i) Fixed trust- the interest of the beneficiary is fixed and clearly identifiable. ii) Discretionary trust- the trustee has discretion as to who will be a…
I enjoyed reading your post on the subject matter. Although you did not offer the peacemaker pamphlet, you did provide some excellent solutions to your friend. The peacemaker's pamphlet talks about the seven A's of confession. The seven A's are as follows: "address everyone involved, avoid it, but, and maybe, admit specifically, acknowledge the hurt, accept the consequences, alter your behavior, and ask for forgiveness" (Peacemaker Pamphlet). Although your friend had great intentions, her…
The House of Representatives. These two chambers are meant to have each state represented in them, of which officials were elected directly by the people in an open election. Members of Congress either see themselves as having “delegated roles” or “trustee roles” in government. A Delegated role is seen as the representative solely voting on legislation…
According to the center on congress at Indiana University, Lee Hamilton, a former member of the United States House of Representatives, states this about government, “no matter how good a policy, if good people aren’t available to carry it out, it will fail.” As democracy puts governmental power into the hands of the people, it is crucial that citizens embody the theory of enlightened self interest where the ideas of common good are above those of the individual. With a mindset that good people…
theory on how a relationship builds trust. For the person who is trying to believe in their significant other, they think their spouse is trying to gain trust. If the trustee is trustworthy then the belief in the trustworthiness at the beginning of the relationship will decrease, and vice versa when the spouse believes that the trustee in untrustworthy. Many factors that link to the longevity of a relationship are shown in the trust between the…
PART A-SHORT ANSWERS 1. D’s Life insurance policy a. Per 2042(1) since the proceeds of the life insurance are being paid to the estate they are subject to the estate tax. b. No, 2042(b) since D still has the ability to designate the beneficiary the gift is not complete and he is deemed to retain “incident of ownership” and the policy will be included in the estate. c. D should transfer the policy to another individual or an irrevocable trust. D must divest himself the incidents of ownership.…