This means that when the first dies, that half share can be taken out of the
joint estate and bequeathed to children.
Consider the example where a
joint estate is valued at pounds 510,000, where all assets are owned in joint names between spouses.
The first is, do you have a
joint estate worth pounds 300,000, or is it pounds 300,000 each?
Further, I have seen the legitimas defined as a portion of the parents'
joint estate or as a portion of the individual estate of the mother or father.
Ralph and Clara have a
joint estate of $1.2 million.
Three marital property regimes for civil marriages in Namibia are accepted because a change in marital status also changes the status and ownership of property: in community of property (COP) where all assets and liabilities are shared in a couple's
joint estate, out of COP where the couple's assets and liabilities remain separate, and accrual, where assets and liabilities accrued during the marriage, are shared equally.
The couple, married for 47 years, made a will in October 2009, naming each other as the beneficiary if one of them died, with their
joint estate worth PS230,000.
ISLAMABAD, February 02, 2010 (Frontier Star): The Ministry of Housing and Construction will submit an application in the Federal Public Service Commission to appoint scale-19 officer for filling the vacant post of Estate Officer, while
Joint Estate Officer in Estate Office has been made as acting Estate Officer.
Q My wife and I have a
joint estate which is in excess of the inheritance tax threshold.