If the economy were then in a dire state, equity and property prices would have plunged and the assets would not cover the liability.
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You need some assets to match against that medical liability.
Most people, like insurance companies, have varying liability streams , and need assets which adequately fund them.
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Some families are getting around this problem by putting assets into family limited partnerships or limited liability companies and transferring interests in those entities to grandchildren, advisers say.
Finally, investors in hedge funds will get greater protection if the fund goes bust because the banks that hold the cash and assets of a hedge fund will have increased liability.
Investors are also worried by measures to increase the liability that custodian banks have for the assets they look after.
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On the creative side of wealth management, you can also form business entities such as a family limited liability company or limited partnership to house assets.
That gives them leeway should they want to bring in another partner and helps protect their personal assets should there be a freak accident and large liability judgment levied against a property.
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Your liability is limited to the value of the assets you received.
By submitting to the highest levels of scrutiny, HR would expose the entire organization and its executives to potentially increased liability for their stewardship of valuable human capital assets.
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Because our daily lives are filled with liability exposure, it makes sense to protect your assets from lawsuits and creditors.
The company contended that it only bought Mundet's bottle-cap assets and that merely buying assets isn't a merger and doesn't trigger liability.
Accordingly, a lower liability discount rate means a larger funding gap between plan assets and liabilities.
Rather than try to win a judgment in excess of a small firm's liability insurance policy (and potentially force it to liquidate assets, which complicates payment), plaintiffs in many states can sue all along the company's supply chain to sweeten the spoils.
And if things do not work out and Chrysler slides into bankruptcy, Fiat has no liability exposure but would be in pole position to pick up the assets it needs to implement its North American strategy at fire-sale prices.
If your part-time delivery man hits a pedestrian, then a corporate shell, such as a limited liability company, can provide an extra layer of protection for your personal assets.
Raymond Greaves, an analyst with Merrill Lynch, has calculated that, in March, there were around euro4 billion of net prepayments on the liability side of Alstom's balance sheet for which he cannot clearly identify liquid assets.
This case was relatively early in the history of ERISA. You have to wonder whether, in the heat of fending off a takeover attempt, it even crossed the mind of Mr. Bierwirth and the other trustees that using the pension assets for that purpose was even ethically dubious, much less something that opened them to personal liability.
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