Thereâs a downside for the recipient when the donor gifts an asset instead of leaving it behind in an estate. The basis, or original price of the asset in tax terms, can be substantially different. Borison gave this example: A person bought property years previously for $10,000 that is now worth $100,000.
Western Standard Time, which was used in Taiwan and some parts of Okinawa, was abolished by Ordinance 529 in 1937 and replaced by Central Standard Time in those areas. Territories occupied by Japan during World War II, including Singapore and Malaya, adopted Japan Standard Time for the duration of their occupation, but reverted after Japan's surrender.
Time Zones in the United States of America. The continental United States (the 48 contiguous states) is divided into 4 time zones: Current Time in the United States. Alaska and Hawaii have their own time zones: Alaska Standard Time ( AKST ) and Hawaii Standard Time ( HST ) respectively. Daylight Saving Time begins for most of the United States at 2 a.m. on the second Sunday of March. Time reverts to standard time at 2 a.m. on the first Sunday of November.