Tuesday, February 18, 2020

What, if, any are the logical fallacies inherent in current australian Essay

What, if, any are the logical fallacies inherent in current australian law which permits company directors and officers to evade liability using asset protectio - Essay Example may arise out of past transactions or events, the settling of which may involve in transferring and usage of one’s assets, providing services or other economic benefits. A liability is not necessarily legally enforceable, but most probably will be based on equable or constructive obligations in terms of future projects or transactions. Asset protection, on the other hand, denotes immunity from asset liability. This may be called as protecting one’s property from legal or monetary claims, problems and taxes during life and even after death of the asset â€Å"owner†. It is a form of financial â€Å"self-defense† which places one’s assets beyond reach of the creditors. Traditionally, there have been two major strategies employed to protect personal assets, namely, gifting and the use of trusts Asset protection, though legally justified in terms of its owners, is not morally rationalized when viewed on behalf of the creditors. Asset protection, thus, is a method, by which an individual or an entity, protect their assets, through procedures such as having layers of multiple entities by which the actual perpetuator always remains anonymous, and therefore, unaccountable, for their assets, or by having trusts and insurances. This article aims at identifying and zeroing in upon the logical fallacies and loopholes in the current system of asset liability and asset protection in Australia, if any, and the reforms necessary to correct the same. It has now become almost an undeniable reality that one will be sued for something or the other during his/her lifetime. And in most cases, this type of lawsuit involves asset liabilities. Asset protection has thus become a necessity. Asset protection is no longer a luxury to be afforded to the very rich.   It has become a necessity for upper middle class and even middle class.  Ã‚  Simply put, asset protection devices are strategies and legal structures designed to put one’s assets out of reach of creditors and business

Monday, February 3, 2020

The person who has touched and molded your life and made the author Essay

The person who has touched and molded your life and made the author the person you are today - Essay Example The author describes his mother. She uses gestures naturally and her face displays hundreds of emotions. Language then stops being a barrier to her. She can enter into a conversation with anybody, and get across her messages more effectively than many native speakers of English. The author’s Mother is my role model in life. To the author, his Mother is associated with the fragrance of lavender: her favorite soap. This fragrance has always filled our home, and little sachets of dried lavender would be kept in the drawers and shelves of the wardrobes. Even when the author is in a public place, the smell of lavender always brings with it a feeling of comfort and warmth to him, and fills him with the confidence to face all the trials of life. It is this feeling of security and courage which is the greatest gift the author’s Mother has given him, making her the most memorable person in his life. The researcher was born when she was thirty-eight years old. It is a tribute to her determination and strength that the author was delivered naturally, without any surgical intervention, although Mother was past her prime in child-bearing terms. The conditions of the author's birth are typical of the attitude his Mother shows in every aspect of her life. She is always determined to do things in her own way and stands by her decisions. She does not believe in making a fuss over things. When the author was a little girl, cuts and bruises would be treated with disinfectant, a kiss and a strip of Band-Aid, and the author would be matter-of-factly sent on his way. There was no encouragement to self-pity: only a steadfast resolve to bear pain stoically. She inculcated in the author the belief that any suffering is only temporary and will pass. This early molding now anchors me when the storms of life threaten to overturn the author’s boat. Although it may sound old-fashioned in these days of feminism and emphasis on equal opportunity, the author’s Mothe r taught him the importance of cooking, cleaning the house and helping with every household chore. The researcher may have resented this when he was in school and his classmates were not compelled to do the dishes, sew missing buttons on shirts, or taught to make simple dishes and cups of coffee. But now that the author has his own family, he realizes that his Mother laid the foundation of a happy home by bringing the author up to appreciate the values that bind a close-knit family. Taking care of his family, cooking their favorite dishes, and keeping a home comfortable and warm enough for them to look forward to at the end of the day, gives the author great happiness. Mother prepared him for marriage and motherhood as nobody else ever could. The researcher now makes sure that he passes on to his daughters the little joys of homemaking: although the author doubt he can match his Mother in this! Without his Mother’s encouragement, the author would never have considered going o n to college after completing High School. The researcher was not a brilliant student, and did not think that he had it in him to excel at academics. It was Mother who inculcated in the author the belief that it is education which can lift a person’s life to higher planes of success and fulfillment. Every ‘A’ the author secured in school was celebrated at home with a special cake. Mother would keep emphasizing that hundreds of options waited for the author in the world of academics, and he only had to spend time and thought on what he wanted to choose.