Biltmore Estate

The Biltmore Estate is located in Asheville, North Carolina. It is the largest privately owned home in the United States. It was privately owned by George Washington Vanderbilt and his family. The house was designed by Richard Morris Hunt. Frederick Law Olmsted designed the landscape. The Biltmore Estate had a major role in the development of the creative architecture of the era and is well known for being America's largest home. The Biltmore Estate was built from 1889 and 1895. It cost about

The Biltmore estate, located in the Blue Ridge Mountains of North Carolina near Ashville, is the site of George Vanderbilt’s country retreat. The estate, being the largest private residence in America, is a testament to Mr. Vanderbilt’s wealth and his vision of a luxurious, sophisticated home. The Biltmore estate served as a home, a profitable business, and a place for entertainment. The Vanderbilt’s were a large family who descended from Jon Aersten van der Bilt, an immigrant from Holland to America

When thinking of Asheville, North Carolina the first thing that comes to anyone’s mind is the Biltmore Estate and the rolling mountains of the Blue Ridge Parkway. The Biltmore is the largest residential home in America and was constructed in the early 1900s when Asheville was a town unknown to the popular eye. At the time, Asheville was a small town with a population of only 2,000 residents. Nevertheless, Asheville was on its way to becoming a luxurious resort town. Many people were drawn to Asheville

I. QUESTION PRESENTED Does the language contained in Form M allow the trust it creates to qualify under I.R.C. § 2056A as a qualified domestic trust treatment? II. SHORT ANSWER Form M does not provide all of the required language needed to allow a trust to qualify for domestic trust treatment. It is missing two important portions of language needed to allow it to fulfill the qualification requirements contained in section 2056A and its accompanying regulations. First, it does not designate that the

|Residuary gift was subject to forfeiture. | Quick Answer Question D died leaving a will which did not deal with his residuary estate. He left a wife W and 2 sons S and P. Advise as to the distribution of D’s estate. LOS 3 The surviving spouse A wife or husband who survives the other. Does not include a legally separated or divorce person. Issue Issue comprise the lineal

who is presumed to have predeceased the elder so that the possible whom failing clause can be met rather than the estate falling into partial intestacy. A case which illustrates this outcome well is the Ross’s Judicial Factor v Martin when both died and the common law rule was applied it was determined that neither would have survived the other. This therefor caused both of the estates to be treated as

In a formal probate process, accurate bookkeeping is crucial. As an executor, you must provide a final accounting of the estate and have it approved by all the beneficiaries in order to close the estate. Since, in some states, the formal probate process can take a year or more to close an estate, sloppy bookkeeping can hold up the final accounting stage if a discrepancy occurs. Therefore, to avoid holdups, you must develop a reliable bookkeeping system. How to Set Up an Accurate Bookkeeping System

When an executor realizes the estate lacks the assets to meet estate obligations, including bequests, an abatement process occurs. The abatement process allows for the distribution of limited assets which results in reducing or eliminating bequests to beneficiaries. Basically, abatement involuntarily reduces or eliminates a beneficiary’s share of an estate to allow for payment of some obligations. Initially, to determine the need for abatement, the executor will build an administration plan as

realtors use a cookie cutter approach for every home they buy or sell, yet this doesn't benefit the homeowner or potential buyer. Thomas Osterman (http://www.ostermanrealestate.com/) understands this and uses a unique approach when it comes to real estate transactions. "Rather than using a cookie-cutter approach to

If one fails to execute a living will, a person might opt not to establish a power of attorney. This also leads to difficulty for one to control the kind of medical treatment to adapt. Whenever an estate hits intestate situation, the court will take responsibility and pay outstanding debts and expenses before distribution the property takes place. When the court has to take the decision of the distribution of property it will only take into consideration