If I die without a will, how are my assets distributed?
I’ve been considering writing a last will and testament for a while after the whole Terry Schiavo thing, but never got around to it. I know I could die if fate happens to put me in the path of a drunk driver, or under a collapsing bridge, but what will be done if I die without a will? How are my posessions and monetary assets distributed post mortem if I don’t specify it?
Great question. If you don’t have a Last Will and Testament, the local government (State) gets to decide how to distribute your assets. If you have a wife, your assets will go to her. If you don’t, they will be distributed to your children, or your close relatives if you don’t have any children. If you don’t have any close relatives, children, or wife, then your assets go to the government treasury! Cha-ching!
The Living Will or Health Care Proxy will allow you to dictate how you want to be treated while you are seriously ill or injured. You can say who will make health care decisions for you, and what kind of treatments you want and don’t want, and whether you want to be placed on life support or not.
were any economic models used to predict the recent economic collapse in the US?
or were they not used at all? and if they were used, did they predict the economic collapse?
There are two kinds of models which have yielded different predictions. One is the real sector model which has predicted the collapse of the US economy almost 2 years before it really happened. The other one is the financial model which has predicted the glory due mainly to the efficiency of the financial market. But some hedger fund managers have come out to oppose it and warned of the financial disaster. The truth is YES we were there.
Exactly what happened in the Dubai economic collapse?
Recently there have been a lot of news articles about the Dubai economic collapse, but I haven’t been able to find any reliable sources that say what happened.
It’s simple – the head honcho over there blew a humongous cash bundle trying to make his principality into a major tourist center without having a real good idea how to go about it. Can you say "stupid"? ‘Cause that’s what he was…
Scientist warns of major global crisis by 2030 – 19 March 09
One of Britain’s leading scientists is warning that the growth of the world’s population will reach crisis point by the year 2030.
John Beddington, the UK government’s chief scientific adviser, says food and water supplies will come under severe pressure as the Earth’s population swells to 8.5 billion people.
He says the answer is in embracing new agricultural technology.
Harry Smith reports.
Duration : 0:1:32
Pimco’s Clarida Discusses Greek Debt Crisis, EU Outlook: Video
May 25 (Bloomberg) — Richard Clarida, global strategic adviser at Pacific Investment Management Co., talks with Bloomberg’s Margaret Brennan about the outlook for the European Union’s rescue plan for the sovereign debt crisis, Greece’s solvency issues and the outlook for Spain and Portugal. (This is an excerpt of the full interview. Source: Bloomberg)
Duration : 0:2:32
Market Skeptics – US Money Supply And Dollar Collapse
Explanation of US money supply and how the expanding monetary base means a dollar collapse. (MarketSkeptics.com)
Duration : 0:8:27