When someone in your family dies, there is a good chance that he or she had real estate (either in the form of a personal residence or in investment properties) that will be subject to either probate, inheritance taxes, or both. In cases where the real estate value is high or completely...
The article presents an answer to a question on estate executors and wills.Ballentine, WarrenJet
And when you hear your three- year-old son arguing over who gets to be the mom while playing “house” alone in the other room, you might question if you’ve done something wrong as a parent. But don’t worry, it’s perfectly normal for your child to have an imaginary friend, and...
Furthermore, the disposition of stocks after a stockholder’s death could have tax implications. Beneficiaries who inherit stocks may be subject to capital gains tax if they decide to sell the stocks at a later date. Estate tax may also apply, depending on the size of the overall estate. Ov...
We receive a lot of questions about crying--or rather--not crying after a loss. People want to know, why don't I cry when someone dies? Though there are many variations on this question, they usually fall under one of two categories.Category...
When you alert creditors to the death, you can avoid dealing with debt collectors in the future. Here are some common terms that may help you understand what happens to credit card debt when someone dies. Probate: Probate is the common legal term for the handling of a decedent’s affairs....
2) in estates, when a beneficiary of the person who died gets more of the estate than he/she was meant to because another beneficiary or heir dies or rejects the gift. How old is Jupiter? Jupiter was formed at the same time as the rest of the Solar System, from a large spinning dis...
Ambition never dies until there is no way out. 不到黄河心不死。 A merry heart goes all the way. 生性乐天,终身受用。 A middle course is the safest. 中庸之道最保险。 A miserly father makes a prodigal son. 爱钱如命的父亲生个儿子挥金如土。 A miss is as good as a mile. 失之毫厘,...
If you or your spouse is granted use of a home as part of a divorce orseparation agreement, the spouse who doesn't live in the home can still count the days of use that the other spouse lives in that home. This can come into play if one spouse moves out of the house, bu...
Individuals who have trusts should also have wills since trusts only provide details on what to do with named assets. Revocable Trust vs. a Will Revocable trusts and wills are estate planning tools that individuals establish during their lifetime. They are designed to manage someone's assets, ...