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The Case of Shifting to a Four-Day Work Week for a Post Pandemic Life.

The case of shifting to a four-day work week for a post pandemic life

At the Optimist Daily, we’re putting a ton of spotlight on what the world can do after the pandemic to make a better, more economical, and more comprehensive society. One thought that was proposed is beginning to acquire a ton of foothold, moving to a four-day working week. It was said that individuals had proposed […]

Shapoorji Pallonji Real Estate sells over 600 Flat worth Rs 400 Crore in Pune.

Shapoorji Pallonji Real Estate sells over 600 Flat worth Rs 400 Crore in Pune

Concept of Estate Planning You might be hoping to finish or have effectively finished a monetary and home arrangement for your family or business. While monetary and home arranging is essential, in the same way as other, you might have disregarded getting ready for your most prominent resource, land. A great many people accept a […]

Why sexual assault survivors forget details

Why sexual assault survivors forget details

Imagine that you are on a highway and while you are driving and out of nowhere the car on theother side of the road loses its brakes and comes swerving towards you. Time may seem toslow down and you become hyper aware that you can turn your car right to avoid collision withthe incoming car. […]

Differences between wills and estate planning

So many persons may happen to have estates across countries with families and loved ones elsewhere or in some situations where some get married to a foreigner or invest in foreign countries and all these could make estate planning quite challenging. However, synchronizing your international estates will require legal experts with vast knowledge, understanding and wealth of experience in such issues as estate succession and tax laws in the relevant countries that will affect the effectiveness of a will in the event of death. Difficulties In Estate Planning For Expatriates And Multinational Families In spite of the different estate tax laws in different states in America, however, these differences are barely noticeable because they all are founded on the same foundation in legal matters. But the contrary is the case across nations or internationally. While the Americans use the common law, the Europeans and Africans use the civil law. The common law is a legal system developed by judges through decisions of courts and similar tribunals (also called case law), as distinguished from legislative statutes or regulations promulgated by the executive branch. Whereas civil law is Roman law based on the Corpus Juris Civilis; it is the body of law dealing with the private relations between members of a community; it contrasts with common law. It contrasts with criminal law, military law and ecclesiastical law as well. Common Law Offers Significant Planning Pliability As regards estate planning, common law allows or gives an individual (the trustor) the freedom to decide who and who to receive what and what, he or she has the liberty to decide how his or her properties or estates should be distributed when he or she dies. Hence, a will is very vital as it determines how the estate of the decendent is to be distributed via the probate process. However, a trust can help avoid the probate process and the taxation of the estate likewise. Also based on common law, the estate is normally taxed before it is transferred to the beneficiary or named heir. Meanwhile, in a situation where there's no will, the estate becomes intestate and it is distributed based on the state laws. Civil Law Operates Based On Succession This is similar to the intestate laws followed in common law in the absence of a will when an individual dies. This implies that even while alive an individual cannot determine how his or her estate should be distributed in the event of his or her death. So, a will is almost of no use in civil law unlike in common law. Again, taxation of the estate takes place during distribution unlike in common law where the estates are taxed before distribution. That is, the heirs or beneficiaries of the estate are being taxed in civil law. Meanwhile, a trust is of no relevance when civil law is in operation. Citizenship and Residency An expatriate should have a good understanding of the laws and requirements concerning citizenship and residency in any country he lives and in which he possess properties. The estate plans of an expatriate will not only be altered by relocating to a new place with different laws, but also how long he or she intends to stay in the new location is another contributing factor and likewise how much of his riches he invests in the new location. International Transfer of Tax Credits The transfer tax for an expatriate is determined by the following factors; 1. The type of assets 2. The location of the assets 3. The accessiblity of tax credits in significant areas where there is an overlap of levied taxes 4. The relevance of an estate tax agreement or protocol between the US and the country of residence Usful techniques for international tax estate planning includes; Wills, Trusts, Life insurance, Gifting, personal investment companies, college savings etc. Estate Planning In The Case Of A Non-citizen People live, work and own properties overseas and happen to marry from their country of residence or a foreigner altogether. Sadly, the difficulties in taxation faced by American expatriates also occurs in a situation where they marry foreigners. In spite of having a permanent resident in the US, spouse who are foreigners do not enjoy the unlimited marital deduction on gifts and inheritance transferred to them by their spouse. Although they enjoy the 2019 $11.4 million lifetime exclusion.

After the death of a loved one, the relatives or close friends may find it very hard to settle the estate of that particular deceased individual especially if their estate wasn’t planned well. It may sound a little bit weird to some people but it is often advisable for people to plan for what is […]

When to make changes to estate plans

When to make changes to estate plans

Estate planning is actually one of the most crucial things that most people tend to ignore while they are still alive, not knowing that it may end up making things very complicated for their relatives. Law attorneys that deal with estate planning always recommend that an individual reviews and updates his estate plans every one […]

Tips for Talking with Survivors of Sexual Assault

: Tips for Talking with Survivors of Sexual Assault

Sexual assault in itself is already a sensitive issue and survivors may have a hard timespeaking about what had happen to them. When anyone speaks up about their story, we should always be empathic to them and avoidany judgment. It can be hard to speak out but when survivors let their voice out, we shouldalways […]

Sexual Assault of Men and Boys

Sexual Assault of Men and Boys

At least 1 in 6 men experiences sexual abuse. Sexual assault sees no color, gender, or status in life. From the richest to the poorest, from anyrace or ethnicity and even gender and sexuality — anyone can be a victim of sexual abuse.Sexual abuse in women are most commonly talked about, however, this does not […]

After Sexual Assault

After Sexual Assault

The moment someone sexually assaulted you, it would forever change your life.Things can get overwhelming and you may not know what to do. You are still traumatizednot only physically but also emotionally and mentally. Despite this, never ever think thatyou are alone. What you can do in the immediate aftermath Assess yourself and your body. […]

4 Reasons Research Says We Should Have 4-Day Workweeks

4 Reasons Research Says We Should Have 4-Day Workweeks

Back in early 2020 when the Corornavirus was still raging and taking a huge chunk out of some company’s working flexibility, workers were advised to stay at home and work remotely if they could. Many people thought working remotely would actually affect most companies, industries and other businesses, the truth here is that it did […]