Successor in interest can be used as both a business and individual term, but it is more common in the business world, where mergers and acquisitions can occur often. The business that acquires a company that has mortgage debt becomes the successor in interest and must now pay off the loan ...
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The tax deductibility of mortgage interest, allowed even on second homes, drives prices up even further, giving rich housing subsidies to those with the means to buy them and making homes even more expensive. A limit on the amount of mortgage interest deductibility would be corrective...
An interest rate hike, of course, not only affects mortgage payers but also those in debt on their credit cards, who will in turn cut back on spending.More intangibly, the sense that the economy is safe in this Government's hands - which somehow survived the Chancellor's tax increases -...
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“The report is not the final word on Keystone — the State Department still must study whether building the pipeline would be in the U.S. national interest, with the final call going to Secretary of State John Kerry and then Obama. But i...
operations. Large-scale integrations are an area in which neither Swiss nor European banks have excelled so far. Although it is far too early to judge the progress of the restructuring, UBS's share price will clearly be the best guide to measuring progress, ...
It is worth considering the title transfers and taxes that may be imposed, so it is important to speak to a trusted financial adviser or lawyer before transferring such assets. Can you put a business in a living trust? There are a number of advantages of transferring your business intere...
If you have multiple accounts, investments, and assets, you may also want to establish arevocable living trust.A living trust puts all your assets into a trust, giving you complete control over those assets during your life. Your “successor trustee” would then act on your behalf upon your...
Many trusts name successor trustees in case the first-choice trustee becomes unavailable. In many cases, the trustee receives some sort of compensation for the effort, like a management fee. Related Articles Do You Need Life Insurance? Term vs. Whole Life Insurance: What's the Difference? How...