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The U.S. pour-over will

Most of the U.S. states have, through legislation, allowed for something called the “pour-over will”. Here’s how that works. A person sets up something called a living trust. (Lawyers call this an “inter vivos” trust.) Sometimes that trust is set up with as little as $5, and sometimes the figure is much larger. It is not uncommon, for example, to transfer investment accounts into the trust.

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Fair Market Rate

Loggers performing services under a Bill 13 replaceable contract (also known as an evergreen contract) are entitled to be paid a "fair market rate". What is a fair market rate? A fair market rate is one that a willing consumer of these services (i.e. a licensee) would pay to a willing supplier of the services (i.e. a contractor) in a free and open market. The theory behind the legislation is that the parties to a replaceable contract are not willing participants - the licensee is forced to...

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