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).
Fracking, or hydraulic fracturing, is a controversial process for extracting oil and natural gas from the ground It's spreading across the US despite there being a lot of concerns about it. A typical oil well is built straight down and pumps out all of the oil and natural gas that is deep down in the earth. But after continual use, these oil wells can start coming up dry. So fracking involves angling the drill horizontally into the rock layer and then blasting water at high pressures (this is why its called hydraulic) to release natural gas.