Wednesday, February 26, 2020

The Scenario of Arthur Wilson Who Wanted to Leave Some Charitable Case Study

The Scenario of Arthur Wilson Who Wanted to Leave Some Charitable Gifts - Case Study Example It should be noted that donations, under common law, acquire legal status of â€Å"charitable gifts† after they have been transferred (Volkmer, 2010, p. 39). However, under civil law, charitable gifts are already legally valid even though they may require other formalities such as the contract for charitable giving being done in writing (Domen, 2009, p. 79). Also, it is worth noting that charitable gifts are tax deductible; a situation informed by the view that they result in reducing the income tax of the state. PricewaterhouseCoopers LLP (2002, p. 21) explains that before charitable gifts are executed, the validity of the provisions for such charitable gifts should be established. Advice to the executors will be based on the English Law provisions and common law rulings that relate to charitable gifts. According to Hughes and Klein (2007, p. 14), most charitable givers usually employ the services of executors to execute their charitable cause. Executors are defined as the pe rsons who have a fiduciary duty of property administration and should discharge the duty in accordance with the grantor’s/ testator’s wishes expressed in his or her will (Englebrecht, and Anderson, 2005, p. 1). Arthur’s executors should be in a better position, legally, to make charitable gifts. As such, it is important that they be conversant with the criterion of determining the validity of Arthur’s provisions regarding charitable gifts. Although Arthur in his will had provided the provisions for charitable gifts, the executors can determine their validity and determine whether to make some changes or execute them as provided by Arthur. Therefore, what advice is appropriate to Arthur’s executors in regard to the validity of each of the following provisions in Arthur’s will on charitable gifts? a) I give? 50,000 to promote the music of the famous composer Benjamin Britten and to fund research into what links, if any, there are between his m usic and the great composers of the past. The provision is valid as it falls under one of the four main divisions that charitable gifts are considered valid- education.

Sunday, February 9, 2020

Were the Great Migration and the Harlem Renaissance the Gateway from Research Paper

Were the Great Migration and the Harlem Renaissance the Gateway from Oppression for African Americans to Become Business Owners - Research Paper Example The study will look into African American businesses from the earliest periods of post-emancipation through to the Great Migration, the Harlem Renaissance, the Second World War, the Civil Rights Movement and the current day. The contention is to see how business ownership improved the socio-economic status of African Americans and how these historical events allowed African Americans to own and operate businesses. African American businesses in the United States are older than most people would suppose. The earliest African American owned and operated businesses date back to the post-emancipation period from the rural and racially oppressive South. The presence of a large African American population coupled with racial segregation meant that African Americans were confined to using shops from their community alone. The prominent African American thinker W. E. Du Bois aptly observed: â€Å"It is the density of the Negro population in the main that gives the Negro businessman his best chance.† Given the constant oppression of the rural South, the African America population began to move in large numbers to the industrialized North that presented better economic opportunities as well as greater racial freedoms. The early twentieth century saw a large African American exodus from the racially polarized South. The first of these series of movements, labeled the Great Migration, forced some 1.6 million African Americans into the North. The influx of African American immigrants saw slow business growth since most ended up joining the industries in the north as blue collar workers. Racial segregation continued in the North though not as harshly leading to the development of some African American businesses. It was not until the Harlem Renaissance that distinctly recognizable African American businesses began to appear in the urban landscape.