Contents.

Slides:



Advertisements
Similar presentations
Role Play Players: Owner/mgr of Small Business Spouse who works in the business Accountant for Small Business CRA auditor Audit Interview 20 questions.
Advertisements

2011 IEEE, IAS Electrical Safety Workshop 1 Title of Presentation Presenters Names Company Affiliation Contact Information.
Legal Issues: Property Ownership. Property Ownership Two major or key points: 1. Degree of ownership interest. 2. Relationship between the co-owners if.
ROLLING STOCK TITLE SECURITY PRESENTER: CLAIRE VAN ZUYLEN.
FINANCIAL ACCOUNTING ACTG 3000 Presented by Charles Kile, Ph.D. Professor of Accounting Middle Tennessee State University.
IP modeling techniques III In this handout, Modeling techniques:  Making choices with non-binary variables  Piecewise linear functions.
What is Money? zMoney is a medium of exchange zMoney is a unit of account zMoney is a store of value or wealth.
Investing and Personal Finance
Chapter 19.1 The Law of Real and Personal Property.
Section 3 – Banking Today
Describe the difference between selective and general sales taxes.
Concurrent Estates and Marital Estates
Money Management Skills
Understanding Potential Pitfalls in the Estate Tax for Forest Landowners Tamara Cushing June 27, 2012.
CSE 441: Systems Analysis & Design
CHAPTER THREE: MONEY MANAGEMENT & STRATEGY UNIT ONE PLANNING PERSONAL FINANCES “I didn't end up going bankrupt... I made some great investments and I held.
By: ___________________
Glossary of Key Terms asset. An item of value that a person owns, such as cash, stocks, bonds, real estate, and personal possessions. durable goods. Products.
Benefits v Tax The best method to solve inequality of poverty?
Federal Income Tax Charitable Contributions. 2 Contributions Problem
Chapter 15 review. A law relating to a dispute between 2 individuals or between individuals & the government.
Create a system for maintaining personal financial records. Learning Objective # 2.
Section 8.1 Types of Property Section 8.1 Types of Property Personal property is anything that can be owned, other than real estate. Real estate, or.
Separate Property Tracing Cheryl L. Isbell, CFE, CDFA © Isbell Financial.
Property Ownership Chapter 10. Motor Vehicle Ownership Real Property – land and permanent attachments. Personal Property – Anything that is not permanently.
“Some one stole my Property!” Do people have the same rights with virtual property as they do with tangible property in reality?
© Affiliated Computer Services, Inc. (ACS) 2007, 2008 What is Activity? Suzanne Darling Affiliated Computer Services.
1.4 Setting Up Equations; Applications. Verbal Description Language of Math Mathematical Problem Solution Real Problem.
Don't Put all your Eggs in One Basket Diversification and Risk.
Miss Smith 7 th Grade Civics *pgs  Money in _______ accounts earn ________  Money can be _________ when needed  Usually must keep a _______.
 A will which attempts to devise/bequeath property which a beneficiary owns.  “I leave Bill Smith’s car to Margaret and I leave Bill Smith $1,000.”
 1. Devise -- Gift of real property.  2. Bequest -- Gift of personal property.
The Visitor Design Pattern. What’s It All About? Allows for new operations to be defined and used on elements of an object structure with out changing.
Banking System Types of Insurance Monetary Policy.
You in the economy Notes for Chapter 17. Getting paid Salary – fixed payments at regular intervals Salary – fixed payments at regular intervals Wages.
NEW FORM 106 A/B REPLACES SCHEDULES A & B FORM B6A (12/07) SCHEDULE A REAL ESTATE (1 page) FORM B 6B (12/07) SCHEDULE B PERSONAL PROPERTY (3 pages) FORM.
 Can we look outside the four corners of the will to ascertain at-death property distribution?
Buy Trucks in Greenville NC
Test Title Test Content.
Presentation Title.
Presentation Title.
General Accounting Donations
Describe the difference between selective and general sales taxes.
09 – Paid to Mr. A Rs. 25,000 through cheque
LAW OF PROPERTY 1. Two Basic Categories (IP excepted)
LAW OF PROPERTY 1. Two Basic Categories (IP excepted)
LAW OF PROPERTY 1. Two Basic Categories (IP excepted)
How much money do I need for retirement?
Agenda item number 1 Agenda item number 2 Agenda item number 3 Agenda item number 4 Agenda item number 5.
My Budget Project Math of Finance Block:_____
2012 סיכום מפגש 2 שלב המשכי תהליך חזוני-אסטרטגי של המועצה העליונה של הפיזיותרפיה בישראל.
الاستثمارات في الأسهم – المحاسبة وإعداد التقارير للمستثمر Stock Investments – Investor Accounting and Reporting إعداد :أ.نورا الداوود الفصل الثاني.
Accounting Equation.
All About Me Name & Class.
My Real World Wishlist Name Date.
Group 1 Group 1 Group 1 Group 1 word word word word word word word word word word word word word word word word word word word word word word word.
ВОМР Подмярка 19.2 Възможности за финансиране
Споразумение за партньорство
Statement of Changes In Equity
Paste photo to represent your job here
Presentation Title Your information.
CHAPTER 42 FINAL ACCOUNTS 3
ARMT Item Specifications
Types of Testamentary Gifts
ARMT Item Specifications
Facts of Independent Significance
< Title > < Sub-title >
Advancements.
Pour Over Provisions.
Complete Vehicle Systems.
Presentation transcript:

Contents

Presumption Contents of specifically gifted items presumed not included with gift. EC § 255.002 (real property) EC § 255.003 (personal property) Examples: Gift of desk, not include rare coins inside. Gift of house, not include furniture.

Rebutting Presumption Expressly include contents in description of gift. “I leave my desk and its contents to X.” “I leave my house and its contents to X.” But, there are limits on what constitutes “contents.”

Limitations on Contents 1. Must be tangible personal property. EC § 255.002(1) Not stocks, bonds, bank accounts, IP, cryptocurrency, etc.

Limitations on Contents 2. Must not be titled personal property § 255.001(2) Motor vehicles Boats Manufactured housing