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Who owns the assets in a partnership business?

By default under the Partnership Act, there is no different entitlement to shares if one partner has a grander title (such as managing partner), or does m...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

How do you format a need statement?

How do you write and format an effective needs statement? Provide plenty of proof. Write in simple language. Emphasize on the sense of urgency. Offer real...

Does art count as an expense?

What’s Art to You? In general, artists, dealers and investors can claim any expenses related to creating, acquiring, preserving or transporting art if the...

Is there a time limit on life insurance?

There’s no timeframe for a life insurance claim. But there is a limit to how long an insurer can hold on to a policy once they know the policyholder has d...

Can you start a pension at 50?

It is not too late to act Ros Altmann, a retirement expert and a former pensions minister, says you are “certainly not” too old to start saving, even if y...

What is it called when annuities are combined with term life insurance?

Homer’s first strategy using this combination of annuities and life insurance is called a “guaranteed income plan.” He uses the example of a woman who has...

Are bonuses counted in alimony?

Similarly, for spousal support or property division purposes, regularly occurring bonuses, especially when they are substantial, may be included in the ca...

How much does Captain Lee make a year?

Captain Lee is reportedly making somewhere between $95,000 and $130,000 per year. He has been in the industry for almost 40 years and is part of a reality...

What happens if only your spouse is on the mortgage?

A refinance is where you get an entirely new loan for your home, and you would apply for the loan as a couple. If only your spouse is on the mortgage, are...

Will mortgage rates be dropping soon?

According to major housing authorities — including Fannie Mae, Freddie Mac, and the National Association of Realtors — the average 30-year mortgage rate c...