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| тонтина |
tontine
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Cash self-help groups function like tontines , which have been documented in other areas of West Africa.
Here one finds the treatment of joint annuities on several lives, the inheritance of annuities, problems about the fair division of the costs of a tontine , and other contracts in which both age and interest on capital are relevant.
If you own a house with others in a tontine - so that on death your share goes automatically to the others - where do you stand with regard to inheritance tax?
The later we leave it, the more the pension becomes a tontine in which the survivor takes all.
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