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 (fracing, hydraulic fracturing), or hydrofracking, is a method of mining for natural gas which greatly increases the efficiency of extracting shale gas from the ground. Geological experts claim that shale beds in New York, particularly the Marcellus Shale, contain more natural gas than previously estimated.