...The Gift of Life Death is often an unpleasant thought, even though it is a simple fact of life. For some it is a welcome event that can alleviate pain and suffering and can sometimes save the life of another. Receiving a needed organ often means the difference between life and death. Many people have misconceptions regarding organ donation, some do not realize the vast numbers on waiting lists. Others may be apprehensive about making a decision about their bodies after death. According to the National Network of Organ Donors, “nineteen people die every day in this country waiting for an organ transplant” (NNOD). Organ and tissue donation offer the gift of life however, many factors such as family, religion, and public attitudes influence the decision of organ donation. The origins of organ donation arose with several experimental transplants. The first successful transplant was a bone transplant in 1878, which used a bone from a cadaver (“Understanding Donation”). By 1954, Dr. Joseph E. Murray performed the first successful kidney transplant in Boston (“History of Organ Transplantation”). Since then, medical science has concentrated on organ donation as a way of replacing a recipient's dysfunctional organ with that of a healthy donor organ. It was not until 1967 that the first successful heart transplant took place. With this new development, the donor card was established as a legal document the next year (“History of Organ Transplantation”). In 1984, National Organ...
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...Organ Donation: Why We Should Give the Gift of Life To give or not to give? That is the question. Give the gift that continues to give. Organ donation is the gift of life; however, there are many elements such as family, religion, and the public’s attitudes that are influential to the decision making of organ donation. Therefore, it is essential to complete a donor card, mark your driver’s license and share your decision with your family to become an organ donor, so you may give others a chance to enjoy a lifetime. Now, imagine that a loved one has just been in a car accident and is severely injured. The injuries are internal, some broken bones, but mainly, they have lost a significant amount of blood, which they are in desperate need of. Fortunately your blood types match. Picture yourself in the hospital waiting room, awaiting an update from the doctors on your loved one, hoping that they will survive. What would you say when the doctor approaches you and tells you that in order to save your loved one’s life, you must donate! Now, hold that thought, let’s change the scenario slightly. You were also in the car; however you were not as lucky as your loved one. You are now a victim taken by the car crash. Wouldn’t you still hope to save your loved one’s life as your last wish? Would you give any organ necessary for your loved one’s survival? Your heart? Your kidneys? Your liver? It’s a matter of life and death! If you had elected on your driver’s license to be an organ donor...
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...The Federal gift tax is imposed on the right to transfer property by one person (the donor) to another (the donee) for less than full and adequate consideration. The tax is payable by the donor. If the donor fails to pay the tax when due, the donee may be held liable for the tax to the extent of the value of the property received Since the donor cannot pay or cannot be located, as in the this case, the IRS can pursue the donees for the tax under the doctrine of transferee liability. For individual who are neither residents nor citizens of the United States (i.e. nonresidents a liens, or NRAs), the Federal gift tax appliles only to gifts of property situated within the United States. Exempted, however, are gifts of intangibles, such as stock and bonds. For decedents who are nonresident aliens, the Federal estate tax is imposed on the value of property located within the United States. However, unlike the gift tax, the estate tax applies to stock in U.S. corporations. Mr. Kim's concerns are groundless. Except for property located within the United States, the Federal estate tax does not apply to nonresident aliens. The country in which a person happens to die has no relevance in regard to the application of U.S. transfer taxes. For NRAs, any gifts of properties (other than intangibles) located within the United States will be subject to the federal gift tax. Arturo could avoid any U.S. gift tax by having the children buy the properties in their own names. For decedents who...
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...CH 12 The scope of the estate tax Sec 2033 Section 2033 · Gross estate: Value of the property to extend of interest at time of death Section A · estate tax is excise tax: “tax included on the property” · Tax base must include the value of the property that most obviously is transferred (FUNCTION OF 2033) · Section 2033 includes (GROSS ESTATE) o Decedent’s securities o Bank deposits o Real state o Income earned before death are collectible by the estate § Rent § Interest § Dividends § Partnership profits § Refunds § Vested rights § Promissory notes (matured or not) § Insurance policies § Saleable (commercial) leasehold interest § Interest in rented property · By either tenants in common or one-half community. § Federal and State bonds are includable despite their exemption from other taxation either by their express terms or by law · REG 20.2033 o Descendant hold only legal title (trustee) under enforceable oral or written does not possess an interest taxable under section 2033. § Ex: agent o ONLY DIRECTLY OWNED PROPERTY · Principal reliance on judicial and administrative interpretation of Sec 2033’s simple language potentially would yield over inclusions “many” o There are not many limits o Limits must be established o Congress explicit responded what property interest that are to be taxed, eventhough they lied beyond the reach of 2033. § 2033- Base line § Section 2041 · in...
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...Abby Merschman 8th Grade The Gift of Wisdom The gift of wisdom is what you would call a revelation gift. You have to receive this gift from God. The gift of wisdom comes from the Holy Spirit. Meaning, it is part of the Holy Spirit. I don’t think that you can earn these type of gifts by studying and learning, God grants this gift to you, but you can also ask. The gift of wisdom is sort of like the gift of knowledge, but different because knowledge is understanding a situation, circumstance, or even a plan from God. Wisdom is different; it is a gift from God, not a plan or circumstance of knowing something. Both are revelation gifts. I think wisdom is having a sense of direction, and being led by the Holy Spirit. When being led by the Holy Spirit, God gives you the wisdom to follow and learn. Would you accept this gift from God? Wisdom is one of the seven gifts of the Holy Spirit. It is available to all Christians, not just Catholics. Wisdom can also teach us to love our world. You must ask for this gift of wisdom. My confirmation definition for wisdom is: Wisdom helps us to see and understand god’s plan in our lives and in the world around us. Wisdom can be very helpful in our world because it can lead you to the right decisions and understand what God wants you to do with your life. I am not sure what I want to do with my life, but maybe if I ask God, then he will give me the gift of wisdom and I’ll know. Sources: Christ Centered...
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...moral virtues around the basic cardinal virtues of prudence, justice, temperance, and fortitude. Prudence The first of the four cardinal virtues and the most important as a fulcrum for all the other moral virtues is prudence. It is a special virtue infused by God into the practical intellect for the right government of one's actions in view of the supernatural end. Prudence is the most necessary of all the moral virtues because its function is precisely to point out and command the just mean or measure in regard to any and all human actions. It enables us to judge accurately what is the morally good thing to do under particular circumstances. The importance of the virtue of prudence is especially evident in certain aspects of human life. First, it helps the individual avoid sin, pointing out through experience the causes and occasions of sin as well as the opportune remedies. Secondly, it contributes to the increase and growth of virtue, judging in each instance what should be done or avoided in view of one's sanctification. Thirdly, prudence assists greatly in the works of the apostolate, whether in the pulpit the confessional, or elsewhere. There are three acts involved in the functioning of prudence: deliberation, judgment, and execution. Eight integral parts are required for the perfection of the virtue of prudence,...
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...The Good Life Part I 1. Dignity is God’s gift to each and every individual and is first rooted in the relationship with God. According to Gula, Christians believe that every person in the world is made in the image of God and, therefore, they have worth value and dignity. 2. A gift is what we have received, and we give to the community. According to Gula, every individual’s gift is supposed to developed and cherished so that they can be shared with other individuals. Among the greatest of gifts is to be made in God’s 3. Responsibility is the effort we put towards living the way Jesus shows human beings should live. Responsibility according to Gula is what human dignity is in addition to 4. Humility is one of the fundamental values together with gratitude that are important in living a good life. Humility is also an individual’s acceptance of their abilities and limitations. It is the middle ground between the extremes of self-effacement and pride 5. Gratitude is among the two primary values together with humility to living a good life. Gratitude is a virtue that also closely follows with humility in accepting that every gift individuals have received are meant to be shared. Gratitude is also remembering to tell others thank you (Gula 31). 6. Worth is what is rooted in God’s love and not on individuals. To love other individuals is how people show that they are worth. 7. Self-esteem is constructed by individual’s...
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...The Gifts of the Holy Spirit Foundational Truth Volume 8 By Peter Tan © Copyright 2008 by Peter Tan Evangelism. All rights reserved. No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, without permission in writing from the publisher The pdf copy of this book is A$10. It has been provided free for those who can’t afford it in order that they may be blessed and grow spiritually. Please feel free to donate whatever amounts you can afford towards the upkeep of our ministry. Donations can be made via paypal to elshaddai1@bigpond.com. Please contact us for any other form of donations: Peter Tan Evangelism PO Box 27 Belconnen ACT 2616, Australia. Tel: +614 17755613 Email: elshaddai1@bigpond.com We are still in the process of paper publishing of this book. If you are interested in the translation and publishing of this book, please write to Ps Peter Tan at the above PO address. © Copyright 2008 Peter Tan Evangelism. All rights reserved. 2 PREFACE In this book we seek to focus on the practical aspects of operating the gifts of the Holy Spirit. Definitions and explanations are given on each gift but we also explain the ‘how’ of each operation. Christians need to understand what type of gifts they are receiving before they can operate in them. The gifts of the Holy Spirit are not manifesting much in some places because of...
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...Estate and Gift Tax Outline Repetti Fall 2013 Boston College Law School Casebook: Federal Wealth Transfer Taxation, 6th Edition Table of Contents Filing Returns 3 Gift Tax: 3 Estate Tax: 3 Generation-Skipping Tax: 3 Statutes of Limitations, Interest, Penalties: 3 Computation of the Estate and Gift Tax 3 General Description of Gift Tax: 4 General Description of the Estate Tax: 4 Role of State Law 4 Scope of the Estate Tax 5 Beneficial Ownership and § 2033: 5 Interests Arising at Death 5 “Property” versus “Expectancy” 6 Bank Deposits, Checks, and Notes 6 Right to Accrued Payments 7 The Scope of the Gift Tax: §§ 2501 and 2511 7 Is There a “Transfer” of “Property?” 7 Interest-Free Loans and Rent-Free Use of Other Assets 8 When is the Transfer “Completed?” 8 Transferred Interest Incapable of Valuation 9 Indirect Transfers 10 What is a “Gift”? 10 Donative Intent and “Adequate and Full Consideration” 10 Transfers of Property in Satisfaction of Marital Rights 11 Dower and Curtesy Interests in the Gross Estate 11 Marital Rights as Consideration 11 Transfers Incident to Separation and Divorce 12 Transfers with Retained Powers and Rights 13 Transfers with Retained Life Estates: § 2036 13 Reciprocal Trusts 14 Retention of Right to Income from Property: § 2036(a)(1) 14 Retention of Possession or Enjoyment of the Property: §§ 2036(a)(1) and 2036(b) 14 Retention of Power to Designate Who Shall Possess or Enjoy the Property:...
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...strategies tries to create principles to fathom what motivates individuals at workplace and drive their performance at work. Knowledgeable and successful managers worldwide have for decades applied range of motivational strategies to increase productivity at work place. Employing various mixes of motivational strategies depends on the kind of employees to be supervised and the situation the managers find themselves in. Managers should have it as a priority to understand when to they should praise, trust, and delegate and above all they should know and understand the benefits and disadvantages of the reward system and motivation theories. Examining motivational strategies and their affect in Productivity and performance improvement At Gift of life clinic back street is a private clinic owned by a renowned doctor who adds up as the overall manager and their work philosophy includes improving productivity together with better management skills. This is a common organizational strategic for development world while among medics. To develop motivated employees there is need for management to; * Provide an effective rewarding channel Rewarding a worker has both short term and long term goal of motivating the workers at any organization. The main aim of a rewarding system is to bring positive reinforcement and there should be various factors...
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...what they taught. The goal of a good life, they have all agreed, is a deep happiness consistent with simplicity, integrity, and a profound generosity. The great thinkers have never thought of happiness as primarily rooted in the hedonic indulgence of the senses, but rather they have described a sense of well-being and satisfaction that comes from a higher purpose pursued over time. Opinion has differed as to how happy we can expect to become in this mixed up world, and as to what goals and purposes in life really deliver on happiness. I wish to say that I have not always been a happy person, despite my ability to seem to make those around me happy. The key spiritual secret of any happier and healthier life is the deeper kindness that can be captured with the term "Gift-love," a term borrowed from C.S. Lewis. We are all too often obsessed in life with what Lewis termed "Need-love," loving and seeking the things we need, from good food to a decent coat for the winter. We certainly all need and seek to be loved, for if we do not receive love we will not be able to give it away. Yet even when we pursue the things we need, it is often not just for ourselves, but for the nearest and dearest who depend on us. This points to the other side of life, to “Gift-love”, a sincere love of others that is commonly taught by exhortation but is really transmitted by example. My thesis, more clearly stated, is that as a side-effect or by-product of Gift-love we generally feel happier and are...
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...Paul, manages Victory Company and will someday own it. John's overall wealth is about $15 million. This includes the $5.6 million value of Victory Company, which nets $1.5 million before tax and after paying John a $300,000 salary plus liberal fringe benefits. After taxes, John earns about $400,000 to $600,000 more per year than he and Jane spend. The balance of John's wealth includes two homes (a main residence and a vacation home) worth a combined $2.7 million; $1.7 million in his 401(k) plan; cash assets and a stock and bond portfolio totaling $1.8 million; $2.9 million in income-producing real estate; and $300,000 in sundry assets. There also is $6.2 million in insurance on John's life that is now owned by an irrevocable life insurance trust (ILIT). This insurance includes a $1.2 million whole life policy and $5 million in 10-year term insurance with six years remaining in the term. Business This first thing I need to get a handle on is John’s company. The $5.6 million value of Victory Company represents over one-third of John’s estate, and grows $1.5 million in value each year before taxes. This is not an asset I want in John’s estate when the grim reaper comes knocking on John’s door. Currently, John’s son, Paul, is managing the company and John would like for Paul to someday own the company. It seems that John trusts Paul enough to take over the business. As John’s financial advisor, I was torn...
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...included in Decedent’s gross estate, because it’s a cash gift. However, under Section 2035(b), the amount of the gross estate shall be increased by the amount of any tax paid on any gift made by the decedent during the 3-year period ending on the date of the decedent’s death. So the amount of gift tax of this gift the decedent paid is included in his gross estate. (b) What is the result in question (1)(a), above, if Decedent gave Child a life insurance policy on Decedent’s life worth $100,000, with a face value of $750,000, instead of cash? $750,000 is included in D’s gross estate, because the under section 2035(a)(1), the transfer was made within 3 years of the decedent’s death, and under 2035(a)(2), the value of such property would have been included in the decedent’s gross estate under section 2042. (c) What is the result in question (1)(b), above, if, after the gift, Child made annual premium payments totaling $30,000? Assume that Decedent’s total pre-gift premium payments were $120,000. D purchased $120,000 on insurance out of $150,000. Any improvements made by donee are not included in the gross estate. (12/15) * $750,000 = $600,000 is included in the estate under Section 2042 so included under Section 2035(a). (d) What is the result in (1)(b), above, if, during the time between the gift and Decedent’s death, the insurance policy paid dividends to Child totaling $10,000. Just the face value of the life insurance policy $750,000 is included in D’s gross estate...
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...QUESTION 1 ● An inter-vivos gift is different than a Will in that… ○ An inter-vivos gift is only valid if the donor is alive at the time of the gift ○ An inter-vivos gift requires consideration to be binding, while a Will does not ○ A Will is irrevocable, while an inter-vivos gift can be revoked ○ All of the above QUESTION 1 - ANSWER ● An inter-vivos gift is different than a Will in that… ○ An inter-vivos gift is only valid if the donor is alive at the time of the gift – correct answer ○ An inter-vivos gift requires consideration to be binding, while a Will does not ○ A Will is irrevocable, while an inter-vivos gift can be revoked ○ All of the above QUESTION 2 ● Archie tells Edith, “Edith, because I love you so much I hereby give you my piano. It’s still sitting in my living room. But you can take it whenever you like.” Is this gift valid? ○ Yes ○ No, because donative intent has not been established ○ No, because there was no delivery ○ No, because there was no acceptance QUESTION 2 - ANSWER ● Archie tells Edith, “Edith, because I love you so much I hereby give you my piano. It’s still sitting in my living room. But you can take it whenever you like.” Is this gift valid? ○ Yes ○ No, because donative intent has not been established ○ No, because there was no delivery – correct answer ○ No, because there was no acceptance QUESTION 3 ● Which of the following could constitute a valid delivery of a gift of a car? ○ Parking the car in the donee’s driveway ○...
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...appropriate in each of the following. a. A father desires to provide for his daughter during her life but wants to ensure that her younger husband (i.e., the son-in-law) does not inherit the property if he survives her. Tenants in common b. A married couple buys a home and wants to make sure that whoever survives obtains sole ownership of the property. Community property c. Grandparents want to make an outright gift of undeveloped land to adult children to be held as undivided co-owners. Joint tenants 13) LO4 Addison provides all of the support of her dependent father, Walter, who lives with her. Because Walter is very proud and wants to appear independent, Addison gives him the money to pay his medical bills. Is Addison subject to the Federal gift tax as a result of these transfers? Explain. No, the Federal gift tax does not apply to tuition payments made to an educational organization on another's behalf. Nor does it apply to amounts paid on another's behalf for medical care. 18) LO5 Regarding the gift-splitting provision of sect 2513, comment on the following. a. What it was designed to accomplish. a gift made by a person to someone other than his or her spouse may be considered, for Federal gift tax purposes, as having been made one-half by each spouse. b. The treatment of any taxable gifts previously made by the nonowner spouse. c. How the election is made to split gifts is not necessary when husband and wife transfer jointly owned or community property to a...
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