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What does half share in residuary estate mean?
The residuary estate is that part of the decedent's estate that remains after all debts, expenses, taxes, and specific bequests have been satisfied. Therefore, you have a half share in anything that is left over.
What do you mean by PC in share market?
It stands for Percent (%), so when you hear something like "shares have fallen by 20pc" it means the share prices have fallen by 20%
What does buttermilk mean?
residue from making butter from sour milk
What does residue value mean?
is it the value of what remains after depreciation from an asset
What does general allocation percentage mean to a beneficiary?
Depending on the jurisdiction, if we're talking wills, it most likely means the share of an estate going to each beneficiary in a class of beneficiaries.
In English the spanish word resta mean?
Resta can mean rest, residue, remainder, or subtraction.
What does per stirpes mean?
http://en.wikipedia.org/wiki/Per_stirpes Basically, if I have two siblings, we each have two children, and I die before my parents but my siblings and my children survive them, my children would take the equal share I would have received had I survived.
What happens if the testator dies before signing the Will?
Then you are intestate, and your estate will be handled in accordance with applicable intestacy laws.
What does this mean in a will all the rest residue and remainder of your estate both real and personal tangible and intangible of whatsoever nature and wheresoever situated including all property?
The "residuary clause" means what's "left over" after paying the bills, paying the specific bequests of property, dollar amounts and percentages to specific parties. For instance, "... and my golf clubs to my friend Bernie, $10,000 to my sister Jane, 50 percent of whatever is left to my brother Jack, and the rest residue and remainder to the Boys and Girls Club of Dorchester, where I spend many a happy hour as a lad." This allows the distribution of the entire estate without escheating the remainder to the state treasury, or having to figure out who are the other "heirs at law" when there turns out to be $5,000,000 left to shell out.
What does 'commercial real estate analysis and investments' mean?
Commercial analysts treasure the value of a certain house, estate or property. Afterwards companies, who own these real estates speculate that the value will increase and offer shares to customers, who then invest into the company in order to get their fair share eventually.
What does intestate estate mean?
That there was no will.
My mother passed away holding an 8th share of an estate left to my deceased brother and i share and share alike what does this mean?
I hardly think the quote "share and share alike" is stated in a Will drawn up by a lawyer. Since your brother predeceased your mother and providing no one else is listed as Heir in the Estate and there is just you, then you would get the whole Estate (*only if you are in the Will.) If there are outsiders that are also involved in the Estate originally left to your deceased brother which was forwarded onto your mother, then you would get that 1/8th share. Usually the lawyer will read out the Will to those involved (if this hasn't happened then please contact your mother's lawyer) and he will explain what is in the Will. There could be other provisions in this Will and some of your mother's Estate could go to other siblings, relatives or even a church, etc. People are under the misunderstanding that when a parent is deceased they will automatically get the whole of the Estate, but, in some cases, the deceased can leave the entire Estate to a church, cancer fund, ASPCA, and so on. A Will is the explicit instructions of the deceased as their final say to what is being done with the properties and monies they leave behind. Many families are split apart because they don't care for the choice the deceased has made and often feel they were unfair about it all. Basically, the deceased still has the last word, and thus, that's why there are Wills drawn up. Marcy
