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• Viking Holdings-stock
• News for Viking Holdings

Viking Holdings Ltd Maintains Buy Rating with Robust Booking Trends and Solid Financial Performance

Bank of America Securities analyst Andrew Didora has reiterated their bullish stance on VIK stock, giving a Buy rating today.

Andrew Didora has given his Buy rating due to a combination of factors including Viking Holdings Ltd’s financial performance and the company’s booking trends. Viking’s second quarter earnings before interest, taxes, depreciation, and amortization (EBITDA) surpassed both Bank of America’s and the street’s expectations, primarily due to reduced costs, while revenues slightly missed projections. Additionally, the company’s future bookings for 2024 and 2025 are not only ahead of last year’s figures by 8% and 10%, respectively, but also exceed the consensus pricing estimates. Didora highlights the company’s price stability and visibility, which underpin his continued endorsement of a Buy rating with a price objective of $40. Furthermore, Viking’s booking percentages for 2024 and 2025 are strong, with the company showing resilience in demand from its target demographic. Despite minor fluctuations in pricing compared to earlier projections, Didora views the pricing within Viking’s market segments as relatively healthy and stable, particularly when considering the broader travel industry’s pricing softness. Minor adjustments were made to the full year EBITDA forecasts along with the net yield projections for the second half of 2024, yet the price objective remains unchanged. Didora’s valuation is based on an approximate 12x multiple of the company’s 2025 EBITDA estimate, supporting the rationale behind maintaining the $40 price objective.

Didora covers the Industrials sector, focusing on stocks such as Delta Air Lines, Allegiant Travel Company, and JetBlue Airways. According to TipRanks , Didora has an average return of -5.3% and a 51.37% success rate on recommended stocks.

In another report released today, Barclays also maintained a Buy rating on the stock with a $39.00 price target.

TipRanks tracks over 100,000 company insiders, identifying the select few who excel in timing their transactions. By upgrading to TipRanks Premium, you will gain access to this exclusive data and discover crucial insights to guide your investment decisions. Begin your TipRanks Premium journey today.

Viking Holdings Ltd (VIK) Company Description:

Viking was founded in 1997 with four river vessels and a simple vision that travel could be more destination-focused and culturally immersive.

Read More on VIK:

• Viking Holdings takes delivery of newest Egypt ship
• Viking Holdings price target raised to $35 from $33 at Morgan Stanley
• VIK Earnings Report this Week: Is It a Buy, Ahead of Earnings?
• Viking Holdings price target raised to $40 from $35 at BofA
• PayPal upgraded, Crowdstrike downgraded: Wall Street’s top analyst calls

Viking Holdings News MORE

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Multi-State Estate Planning Challenges

Multi-state estate planning presents a complex array of challenges due to varying jurisdictional laws, probate procedures, and tax implications. Different state laws govern inheritance, taxation, and property rights, impacting asset distribution. Probate proceedings can span multiple jurisdictions, necessitating ancillary probate administrations and increasing costs, delays, and complexity. Tax implications, including double taxation and capital gains tax liabilities, must be carefully considered. Out-of-state executorship poses logistical challenges, and asset distribution and management require meticulous planning. Effective estate planning and administration require a thorough understanding of these complexities to facilitate efficient asset distribution and minimize tax liabilities, and a thorough approach is vital to navigate these intricacies.

Table of Contents

Differing State Laws and Regulations

Traversing the complexities of estate planning across multiple states necessitates a thorough understanding of the varying state laws and regulations that govern inheritance, taxation, and property rights. One of the primary challenges in multi-state estate planning is overcoming state barriers, which can substantially impact the distribution of assets. For instance, some states have distinct rules regarding spousal inheritance, while others have specific laws governing the transfer of real property. Additionally, legislative updates can also affect estate planning, as changes to tax laws or probate codes can have far-reaching consequences. It is vital for estate planners to stay abreast of these updates to safeguard that their clients' wishes are respected and their assets are protected. By understanding the nuances of state laws and regulations, estate planners can develop strategies that mitigate potential conflicts and facilitate a seamless handover of assets across state lines. A thorough approach to estate planning, taking into account state-specific laws and regulations, is vital for achieving clients' goals.

Probate and Ancillary Probate Issues

In the context of multi-state estate planning, a key consideration is the potential for probate proceedings to span multiple jurisdictions, necessitating ancillary probate administrations that can substantially prolong and complicate the asset distribution process. This becomes particularly challenging when dealing with foreign assets, as the legal jurisdiction of the foreign situs must be considered in addition to the jurisdiction of the decedent's domicile. Ancillary probate administrations may be required in each jurisdiction where the decedent held assets, leading to increased costs, delays, and complexity.

The legal jurisdiction of the foreign situs will dictate the rules governing the probate process, including the appointment of a personal representative, the valuation of assets, and the distribution of property. In addition, the laws of the foreign jurisdiction may impose specific requirements or restrictions on the administration of the estate, which must be navigated in conjunction with the laws of the decedent's domicile. Effective multi-state estate planning must account for these complexities, thereby facilitating that the testator's wishes are carried out efficiently and effectively across multiple jurisdictions.

Tax Implications and Liabilities

Beyond the complexities of multi-jurisdictional probate administrations, the tax implications and liabilities associated with multi-state estate planning can have a profound impact on the distribution of assets and the overall efficiency of the estate administration process. One of the primary concerns is the potential for double taxation, as multiple states may attempt to impose taxes on the same assets. Additionally, the transfer of assets across state lines can trigger Capital Gains tax liabilities, further complicating the estate administration process.

When it comes to multi-state estate planning, it is essential to consider the following tax implications and liabilities:

• Capital Gains Tax : The transfer of assets across state lines can trigger Capital Gains tax liabilities, which can significantly reduce the value of the estate.
• Gift Consequences : Gifts made during life can have unintended tax consequences, including Gift Tax and potential Estate Tax implications.
• State Income Tax : The distribution of income from trusts or estates may be subject to state income tax, further reducing the net value of the estate.
• Estate Tax Exemptions : The availability of estate tax exemptions can vary significantly between states, requiring careful planning to minimize tax liabilities.

Out-of-State Executorship Challenges

Five critical challenges await out-of-state executors, who must navigate unfamiliar laws, procedures, and logistics to effectively administer an estate spanning multiple jurisdictions. One of the most significant hurdles is Executor Liability, as out-of-state executors can be held personally responsible for errors or omissions in the administration of the estate, even if they are not familiar with the laws of the jurisdiction. This exposure to liability can lead to Executor Burnout, a state of emotional, mental, and physical exhaustion caused by the overwhelming demands of estate administration.

In addition to liability concerns, out-of-state executors must also contend with differences in probate procedures, estate taxation, and asset management. They must also establish relationships with local professionals, such as attorneys and accountants, to confirm compliance with jurisdiction-specific requirements. Moreover, out-of-state executors may face logistical challenges, including travel and communication expenses, as they work to gather assets, pay debts, and distribute inheritances to beneficiaries. Effective estate administration in a multi-state context requires a deep understanding of these complexities and a proactive approach to mitigating potential risks and pitfalls.

Non-Resident Decedent Estate Tax

When a non-resident decedent owns property in multiple states, their estate may be subject to estate taxes in each of those states. This can lead to a complex web of state tax implications, as each state has its own unique estate tax laws and exemption amounts. It is crucial to understand the tax credits available to minimize the burden of multiple state estate taxes on the decedent's estate.

State Tax Implications

How do the estate tax laws of multiple states intersect and impact a non-resident decedent's estate, particularly in cases where the decedent owned real or tangible personal property in various states? This complex issue arises when a non-resident decedent's estate includes assets located in multiple states, each with its own estate tax laws and exemptions.

To navigate this complexity, it's necessary to examine the following key factors:

• State exemptions : Each state has its own exemption amount, which may differ substantially from the federal exemption amount. Understanding the exemption amounts in each state where the decedent owned property is key to minimizing estate tax liability.
• Tax deductions : Available deductions, such as the marital deduction, charitable deduction, and mortgage interest deduction, can reduce the taxable estate and lower the estate tax burden.
• State tax rates : Estate tax rates vary among states, ranging from 0% to over 20%. Accurate calculation of state tax rates is imperative to determine the total estate tax liability.
• State-specific tax laws : Familiarity with each state's specific tax laws, such as those governing real property, intangible assets, and business interests, is necessary for compliance and minimizing tax liabilities.

Tax Credits Available

In addition to traversing the complexities of multi-state estate tax laws, non-resident decedent estates may be eligible for various tax credits that can further reduce their estate tax liability. One such credit is the estate tax credit for state death taxes, which allows a credit against the federal estate tax for state death taxes paid. Additionally, non-resident decedent estates may be eligible for a credit for foreign death taxes, which can reduce the federal estate tax liability for taxes paid to foreign governments.

Furthermore, portability elections can also provide a valuable tax credit for non-resident decedent estates. By making a portability election, the estate can transfer any unused exemption amount from the deceased spouse to the surviving spouse, reducing the federal estate tax liability. Charitable deductions can also play a significant part in minimizing estate tax liability. By making charitable bequests, the estate can reduce its taxable estate, leading to a lower estate tax liability. It is crucial for estate planners to carefully consider these tax credits and deductions to minimize the estate tax burden for non-resident decedent estates.

Asset Distribution and Management

In the context of multi-state estate planning, asset distribution and management entail a range of complex considerations. Three key points warrant particular attention: the treatment of real property holdings across state lines, the division of business interests among beneficiaries, and the responsibilities and duties of trust administrators in facilitating seamless asset management. A thorough understanding of these factors is vital for effective estate planning and administration in a multi-state context.

Real Property Holdings

Real property holdings, a vital aspect of an individual's estate, necessitate meticulous planning to guarantee seamless asset distribution and management across multiple jurisdictions. The complexities of owning real property in multiple states can lead to asset distribution and management challenges, making it essential to address these issues proactively.

To ensure effective management and distribution of real property holdings, the following key considerations should be taken into account:

• Property Titling : Ensure proper titling of real property to reflect the individual's wishes, taking into account the laws of each jurisdiction where the property is located.
• Boundary Disputes : Identify and address potential boundary disputes or encumbrances that could impact the distribution of real property.
• Jurisdictional Laws : Understand the laws governing real property in each jurisdiction, including those related to inheritance, taxation, and property transfer.
• Entity Structure : Consider the use of entities, such as trusts or limited liability companies, to hold title to real property and facilitate management and distribution.

Business Interest Division

Effective distribution and management of business interests across multiple jurisdictions require a nuanced understanding of the complexities inherent in asset division. This is particularly vital when dealing with business entities, such as partnerships, limited liability companies (LLCs), and corporations, which often involve multiple owners with varying interests and rights. In such cases, Buy Sell Agreements can provide a framework for resolving disputes and facilitating a smooth transfer of ownership upon the death or departure of a co-owner. These agreements typically outline the procedures for valuing and purchasing a departing owner's interest, thereby minimizing potential conflicts.

To further facilitate the distribution and management of business interests, an ownership restructure may be necessary. This can involve converting a business entity from one form to another, such as from a partnership to an LLC, or creating a holding company structure to consolidate ownership and management. A thorough analysis of the business's operations, tax implications, and ownership dynamics is vital to determine the most suitable ownership structure and guarantee compliance with applicable laws and regulations. By carefully addressing these complexities, individuals can safeguard the efficient and effective management of their business interests across multiple jurisdictions.

Trust Administration Roles

During the trust administration process, a vital aspect of asset distribution and management involves designating and understanding the distinct responsibilities of fiduciaries, including the trustee, personal representative, and guardians, each accountable for overseeing the timely and proper allocation of trust assets according to the grantor's intentions.

The roles of these fiduciaries are critical in ensuring that the grantor's wishes are carried out, and that the beneficiaries receive their intended inheritance. To achieve this, it is essential to understand the specific duties and obligations of each fiduciary, including:

• Trustee Duties : The trustee is responsible for managing and distributing trust assets, filing tax returns, and providing regular accountings to beneficiaries.
• Fiduciary Obligations : Fiduciaries have a duty to act in the best interests of the beneficiaries, avoiding conflicts of interest and self-dealing.
• Personal Representative Responsibilities : The personal representative is tasked with settling the estate, paying debts, and distributing assets according to the will or trust.
• Guardianship Oversight : Guardians are responsible for managing the assets and making decisions on behalf of minor or incapacitated beneficiaries.

Complex Trust Administration Issues

Numerous complexities can arise in trust administration when multiple states are involved, necessitating a deep understanding of jurisdictional nuances and their impact on trust management. One of the primary concerns is the varying trustee obligations across states, which can lead to conflicting duties and responsibilities. For instance, some states may require trustees to provide annual accountings to beneficiaries, while others may have different notification requirements.

Beneficiary disputes are another common issue in multi-state trust administration. Disputes can arise over distribution, investment decisions, or even the status of beneficiaries. In such cases, it is essential to understand the jurisdictional laws and regulations governing the trust to ensure fair and timely resolution. Effective trust administration requires careful consideration of these complexities to avoid costly disputes and ensure the trust achieves its intended purpose.

Business Ownership and Succession

In multi-state estate planning, business ownership and succession planning pose unique challenges, particularly when trusts hold interests in businesses operating across state lines. Ensuring the continuity of a family legacy requires careful consideration of the complex issues that arise when business partners and family members are involved.

To navigate these challenges, it is essential to:

• Determine the situs of the business , as this will impact the applicable laws and regulations governing the business and its ownership.
• Establish clear ownership structures , including the use of trusts, partnerships, or corporations, to ensure that the business is properly transferred to the next generation.
• Develop a comprehensive succession plan , which takes into account the roles and responsibilities of business partners and family members, as well as their respective interests in the business.
• Address potential conflicts of interest , particularly when business partners and family members have differing opinions on the direction of the business or its management.

Coordinating Multiple State Probates

Beyond safeguarding the continuity of a family legacy through business succession planning, coordinating multiple state probates presents an equally complex challenge in multi-state estate planning, particularly when a decedent owns assets in multiple jurisdictions. This complexity arises from the need to navigate varying state laws, regulations, and court procedures, which can lead to delays, increased costs, and potential disputes among out of state heirs.

Effective coordination of multiple state probates requires a thorough understanding of interstate logistics, including the transportation of documents, scheduling of court appearances, and communication with distant parties. It is crucial to identify the specific states in which probate proceedings are necessary and to prioritize the administration of each estate accordingly. This may involve retaining local counsel, working with out-of-state executors, or exploiting expert services to facilitate the process.

Frequently Asked Questions

Can i use a single will for all my out-of-state properties?.

While a single will can be valid across states, its effectiveness depends on the legal jurisdiction and state laws governing each out-of-state property, potentially leading to conflicts and complexities in probate and inheritance proceedings.

How Do I Title Out-Of-State Assets to Avoid Probate?

To avoid probate, consider titling out-of-state assets in a revocable trust or holding them in a limited liability company (LLC), facilitating clear asset categorization and specifying out-of-state beneficiaries to minimize jurisdictional complexities.

Do I Need Separate Trusts for Each State I Own Property In?

When holding properties in multiple states, consider establishing separate trusts for each state to avoid trust jurisdiction issues and property fragmentation, promoting efficient administration and minimizing potential legal complexities.

Can I Name an Out-Of-State Executor in My Will?

When naming an executor in your will, it is possible to appoint an out-of-state individual, but they must be willing to travel or hire local representation to fulfill executor duties, potentially involving out-of-state guardians, and comply with the jurisdiction's probate laws.

Are Digital Assets, Like Online Accounts, Subject to State Laws?

Digital assets, such as online accounts, are subject to state laws, particularly regarding access and management. A thorough digital legacy plan should consider these laws to safeguard the secure transfer of online heirlooms, including social media profiles and email accounts.

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• Tourism Holdings Limited

ASX:THL Rapporto sulle azioni

Cap. di mercato: AU$422.9m

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Tourism Holdings Limited Informazioni sulla società

Tourism Holdings Limitedcrescita dei dipendenti, quotazioni in borsa e fonti di dati

Informazioni chiave

• Nome: Tourism Holdings Limited
• Ticker: THL
• Scambio: ASX
• Fondata: 1984
• Industria: Passenger Ground Transportation
• Settore: Transportation
• Cap. di mercato: NZ$462.636m
• Cap. di mercato della quotazione: NZ$422.867m
• Azioni in circolazione: 218.22m
• Sito web: https://www.thlonline.com

Numero di dipendenti

• The Beach House
• New Zealand

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1847 Holdings LLC Contact Center Traffic and Scheduling Assistant Salary in the United States

How much does a Contact Center Traffic and Scheduling Assistant make at companies like 1847 Holdings LLC in the United States? The average salary for Contact Center Traffic and Scheduling Assistant at companies like 1847 Holdings LLC in the United States is $52,531 as of July 29, 2024, but the range typically falls between $46,489 and $58,311 . Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.  View the Cost of Living in Major Cities

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What does a Contact Center Traffic and Scheduling Assistant do at companies like 1847 Holdings LLC?

Contact Center Traffic and Scheduling Assistant assists with monitoring inbound call traffic to ensure efficient distribution of calls to representatives. Coordinates with other teams when overflow occurs, and inbound traffic must be redirected. Being a Contact Center Traffic and Scheduling Assistant assists with monitoring, balancing, and redirecting inbound traffic in a timely manner to ensure customer satisfaction. Generates and provides call volume reports to leadership. Additionally, Contact Center Traffic and Scheduling Assistant typically requires a high school diploma or equivalent. Typically reports to a supervisor. The Contact Center Traffic and Scheduling Assistant works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Contact Center Traffic and Scheduling Assistant typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)

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