Provides information on the Anderson versus Seaver court case on the condition of individual retirement accounts in a debtor's bankruptcy estate. Limitations of the Bankruptcy Appellate Panel for the Eight Circuit in the U.S. concerning the case; Significance of the decision of the panel in the ...
All self-directed retirement funds owned by the same person in the same FDIC-insured bank are combined and insured up to $250,000. This means that your traditional IRAs are added to your Roth IRAs and all other self-directed accounts to arrive at the total.11 Revocable Trust Accounts When ...
It is likely that you and your spouseacquired many assets during your marriage. A home, cars, furniture, stocks and pensions are examples. In a divorce, these marital assets will need to be divided. In North Carolina, this division can be done in one of three ways: ...
Pensionsare a unique and valuable type of retirement plan in which an employer makes contributions to a pool of funds and invests it on the employee's behalf, with the earnings on said investments generating income for the worker upon retirement. In the U.S., more and more employers in the...
Inheritance taxes are only collected in a handful of states, but if they apply to your inheritance, you're going to want to know the basics—and possibly how to avoid these taxes.
Another common aspect of divorce papers regards child custody and support, as well as potential spousal support. Divorce forms are used in most areas to calculate the amount of child support the absent parent will be required to pay to the custodial parent for the care of the dependents. These...
If you're married, there are circumstances where filing separately can save you money on your income taxes.
Retirement More than half of wage-earning millennials still have no savings set up for their retirement. The fact that millennials earn less than baby boomers did at the same age, they will have a much more difficult time reaching their future financial goals. fizkes/Shutterstock Unfortunately,...
Today, however, only 35 states still allow couples to obtain afault divorce. In these states, finding a grounds for divorce allows a couple to have their marriage ended without the mandatory separation period often required for ano fault divorce. Sometimes, the spouse who is found legally respon...
Business Transfers:Transfers in a business setting are typically deemed compensation. De minimis gifts such as those to reward years of service or commemorate one'sretirementare not subject to the gift tax.19 Spousal Gifts:Transfers between spouses are exempt from gift tax so long as the donee ...