2,045 research outputs found
The prediction of rope climbing ability from chinning strength
Thesis (Ed.M.)--Boston Universit
Structural analysis of a thermal insulation retainer assembly
In January 1989 an accident occurred in the National Transonic Facility wind tunnel at NASA Langley Research Center that was believed to be caused by the failure of a thermal insulation retainer. A structural analysis of this retainer assembly was performed in order to understand the possible failure mechanisms. Two loading conditions are important and were considered in the analysis. The first is the centrifugal force due to the fact that this retainer is located on the fan drive shaft. The second loading is a differential temperature between the retainer assembly and the underlying shaft. Geometrically nonlinear analysis is required to predict the stiffness of this component and to account for varying contact regions between various components in the assembly. High, local stresses develop in the band part of the assembly near discontinuities under both the centrifugal and thermal loadings. The presence of an aluminum ring during a portion of the part's operating life was found to increase the stresses in other regions of the band. Under the centrifugal load, high bending stresses develop near the intersection of the band with joints in the assembly. These high bending stresses are believed to be the most likely cause for failure of the assembly
Using Charitable Contribution Planning Opportunities with Family Business Succession Planning
Annual Survey of Virginia Law: Augmented Estate System: An Overview
The New Year 1991 will bring in an entirely new system of property rights for surviving spouses in Virginia. As of the end of 1990, the centuries-old concepts of dower and curtesy will disappear from the Code of Virginia (the Code ). The current will renunciation and spouse\u27s election provisions of estate law also will be scrapped. House Bill No. 808 replaces those historic concepts with an augmented estate system modeled after the Uniform Probate Code (the U.P.C. ), but having several features unique to the Commonwealth. This article examines the mechanics of the new system, with particular emphasis on features that may require both conveyancers and estate planners to rethink traditional procedures and planning techniques
Wills, Trusts, and Estates
The 2019 Virginia General Assembly did not enact any major new legislation, but it did pass several significant amendments. Among the most useful was an amendment to the Virginia Uniform Transfers to Minors Act which extended the maximum age for custodianships from twenty-one to twenty-five. The legislature also decided to cease imposing income taxes on estates and trusts whose sole connection to the Commonwealth is that they are being administered here. It responded to two recent court cases involving the required execution formalities for leases and the right to award attorneys’ fees in actions involving an agent’s breach of fiduciary duty under a power of attorney. Among other legislative actions, the General Assembly modernized the recordation tax exemption for certain deeds of distribution; dealt with issues affecting Virginia’s small estate, wrongful death, and property tax exemption statutes; made it easier for financial institutions to combat financial exploitation of the elderly; strengthened the enforcement of reporting requirements for guardians; and protected circuit court clerks who disclose probate tax return information to the commissioner of accounts or who destroy wills they have been holding for 100 years or more
Wills, Trusts, and Estates
The 2020 Virginia General Assembly addressed a wide variety of matters affecting wills, trusts, and estates, ranging from a new article of the Virginia Uniform Trust Code and an expanded partition procedure to a $2 increase in the circuit court clerk’s recordation fees. Among the most helpful were new rules that clarify and expand the powers and responsibilities of non-trustees who may direct the trustee on certain issues and a revised procedure for partitioning real property while protecting the rights and interests of co-owners. The legislature also dealt with fiduciary issues, including express authorization for multiple-party bank accounts, additional duties for children’s guardians ad litem, relationships that may disqualify a lawyer as guardian or conservator, protections against suspected financial abuse of adults, reliance on qualification certificates, and requirements for certain fiduciaries’ accounts. The General Assembly also authorized beneficiary designations for ABLE savings accounts, allowed the substitution of a bank for a related trust company in multiple fiduciary roles, broadened disclosure rules for certain gifts to state colleges and universities, expanded the list of documents a notary may accept as identification, and allowed transfer on death (“T.O.D.”) designations for motor vehicles with multiple owners
Wills, Trusts, and Estates
The 2018 Virginia General Assembly enacted legislation to conform the interpretation of wills with trusts, revised the recent trust decanting and augmented estate statutes, and provided a procedure for resolving doctor/patient disputes over appropriate medical care. It also confirmed the creditor protection available for life insurance and annuities, and addressed certain entities’ eligibility for real and personal property tax exemptions, annual disclosures of charitable organizations’ administrative and charitable service expenses, virtual nonstock corporation member meetings, bank directors’ stock holdings, the disposition of unused tax credits at the taxpayer’s death, and fiduciary qualification without surety. The Supreme Court of Virginia handed down eight recent decisions addressing the presumption of undue influence, requirements for estoppel and preclusion, the signature requirement for a proper codicil, trust governing law and interpretation, the fiduciary duties of agents, the jurisdiction of Commissioners of Accounts, and appraisal requirements for state tax credits
Wills, Trusts, and Estates
The Supreme Court of Virginia has handed down seven recent
decisions addressing the authority of an agent to change the principal\u27s
estate plan, legal malpractice claims in estate planning,
rights of incapacitated adults, limits of the constructive trust doctrine,
effects of a reversionary clause in a deed, ownership of an
engagement ring, and proof of undue influence. The 2017 Virginia
General Assembly clarified rules on legal malpractice and tenancies
by the entireties, adopted the Uniform Trust Decanting Act
and the Uniform Fiduciary Access to Digital Assets Act, and expanded
provisions governing estate administration, life insurance,
and advance medical directives. Other legislation affecting wills,
trusts, and estates included clarifications and technical corrections
relating to augmented estate claims, non-exoneration of encumbered
property, administration procedures, life insurance, adult financial
exploitation, death certificate amendments, and spousal
exemptions from real estate tax
Wills, Trusts, and Estates
The 2018 Virginia General Assembly enacted legislation to conform the interpretation of wills with trusts, revised the recent trust decanting and augmented estate statutes, and provided a procedure for resolving doctor/patient disputes over appropriate medical care. It also confirmed the creditor protection available for life insurance and annuities, and addressed certain entities’ eligibility for real and personal property tax exemptions, annual disclosures of charitable organizations’ administrative and charitable service expenses, virtual nonstock corporation member meetings, bank directors’ stock holdings, the disposition of unused tax credits at the taxpayer’s death, and fiduciary qualification without surety. The Supreme Court of Virginia handed down eight recent decisions addressing the presumption of undue influence, requirements for estoppel and preclusion, the signature requirement for a proper codicil, trust governing law and interpretation, the fiduciary duties of agents, the jurisdiction of Commissioners of Accounts, and appraisal requirements for state tax credits
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