I have some US Savings Bonds which I would like to leave to my family should anything happen to me, but they are all in my name. How will my...

Question

I have some US Savings Bonds which I would like to leave to my family should anything happen to me, but they are all in my name. How will my heirs be able to cash them in, if they are in my name? What steps should I take to ensure that each person will be able to cash the bonds that I've left for them, as my rightful heirs?

Answer

There are many ways to accomplish this. You can change the beneficiary to the persons you desire. You can write a will and put the bonds in the will. You can also create a trust with the persons you desire as the beneficiaries in the trust. What you have to do is to consult an estate planning attorney in your area and find the best ways to accomplish this.

What the five biggest museums in the world?

What the five biggest museums in the world?
The 10 biggest museums in the world are:

1. The Smithsonian located in Washington D.C*
2. The Hermitage Museum located in St. Petersburg, Russia
3. The Met located in New York City**
4. The Grand Louvre located in Paris, France
5. The Deutsches Museum in Munich, Germany
6. The British Museum located in London, England
7. American Museum of Natural History located in New York City
8. The Museum Ludwig located in Cologne, Germany
9. Indore Central Museum in Indore, India
10. The Cairo Museum located in Egypt

Calculated by square footage.

*- Complex. Multiple locations.
**- One major location, one minor location (The Cloisters).

I currently own a LLC janitorial company in Georgia. I own 51 of the company, and my only other partner owns 49. We received a favorable o...

Question

I currently own a LLC janitorial company in Georgia. I own 51% of the company, and my only other partner owns 49%. We received a favorable offer to sell the company but he refuses to do so. At the moment, he can't afford to buy my shares of the company. I want to sell asap as it is a favorable offer. As majority owner, in the State of Georgia, can I force the sale? We have a partnership agreement but no buy/sell or operating agreement. I'd be happy to include the partnership agreement for someone to look over.

Here is what is says from the agreement

11. RIGHT OF FIRST REFUSAL. If either partner at any time decides to sell their interest in the business, the remaining partner shall have first opportunity to purchase the other half. The sale price will be determined based on three months gross revenues at time of sale, excluding any assets. Assets (including equipment, tools, vehicles, etc) will be priced based on their depreciated value at time of sale. If the remaining partner decides to not purchase the other half the business partnership will be sold to a mutually agreed party based on a pre-determined sales price.

Answer

As most purchases of small businesses are done via an asset sale, that provisions will most likely not be relevant. I.e. the company sells all or most of its assets to another person or company. The actual ownership interests of your company are not sold/transferred.

As such, does the LLC agreement address who can make a decision to sell all or substantially all of the assets of the company? A good one should, but if not, you would be free to make the sale. However, be sure that the decision to sell the assets is based on what is best for the company and not for your personal gain. You don't want your partner to have a valid minority oppression claim if he dissents to the sale.

Dad is trying to get child support modified and jackson credits for the year of 2008 and 2009. When determining the jackson credits will the...

Question

Dad is trying to get child support modified and jackson credits for the year of 2008 and 2009. When determining the jackson credits will the courts look into the income for both parents at that time, because dad had to pay 100 a month for the child and he never paid for any medical/dental. So could the courts take that into consideration? Plus mom didn't work and child support was never modified. It was determined in 2000 that dad was to pay 100 because at that time both parents were working and that both parents had to pay for 1/2 insurance and dental. I know you can't go back and modify child support but if they are going to credit dad jackson credits they should look at both parents income at that time. Am I right or wrong on thinking that?

Answer

Jackson credits are a straight up adjustment to the percentage of time the child lived with the paying parent versus the time used for the support calculation. They do not open up the whole support calculation. If either parent wants to do that, it has to be done at the time. The court does not have jurisdiction to make support recalculations retroactively beyond the date a request for a recalculation is requested by motion.

The child support calculation formula presumes that each parent must contribute a certain amount to their children. When the children are with them, they are presumed to be contributing that amount. They then pay the other parent for when the children are not with them. On a motion to determine how much unpaid support is owed, the court is allowed to make a finding that the child was with the paying parent more than planned and give credit for that additional time against the amount of back support owed. That is as far as the inquiry goes.

What was old fashion monoply like?

What was old fashion monoply like?
it's was tha same, but old.!

PA Law.What are the repercussions for a court employee to access files of a person of whom they have no ties with, i.e., a case that they ar...

Question

PA Law.

What are the repercussions for a court employee to access files of a person of whom they have no ties with, i.e., a case that they are not assigned to or just "searching" for dirt on someone because they work there?

Answer

Response by Attorney Michael Kotik:

It will depend on if they are allowed access to those files, and the corporate policy of that courthouse. A lot of court information is public information, it might be unethical for them to do it and they may get fired, but if they are allowed access there is nothing criminal about what they are doing; however, it really depends on the the court house.

How far is it in a car from Chicago to Indianapolis?

How far is it in a car from Chicago to Indianapolis?
It is 183 miles between Indianapolis, Indiana and Chicago, Illinois.