1 Trusts: A trust must be set up before you can designate one or more trustee and name the trust beneficiaries. 2  Charity: You can name a charity as either the primary or contingent beneficiary. 3  Key person life insurance: It is a common practice for a business to purchase life insurance on key personnel in the company.
Pros and cons of fracking. There has been much debate recently about the advisability or otherwise of drilling for oil or gas deposits in shale using the technique popularly known as fracking (more properly called hydraulic fracturing).
Hydraulic Fracturing in Virginia. Hydraulic Fracturing (also known as âhydrofracking, âfracking,â or âfracingâ) has received considerable public attention due to recent drilling activity in the Marcellus Shale in the Appalachian region, the Barnett Shale in Texas, and the Bakken Shale in North Dakota and Montana.