Remodeling a closet can be a great way to get organized while getting rid of clutter. Fortunately, there are affordable systemsâand no matter what closet remodel ideas you have, two broad options: • Remodels that use the current closet space • Remodels that would expand the space If just thinking about your closet is triggering, […]
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Unless youâre fresh out of a Negotiating 101 final and ready to huck your textbook straight into the trash, navigating real estate counter offers might not be at the top of your mind. Thatâs OK. For most folks, the wild and sometimes-bumpy ride of buying or selling a house isnât something theyâre necessarily prepared for. […]
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When someone passes away leaving debts behind, you might be wondering if you have any personal liability to pay them. If you have aging parents, for instance, you may be worried about having to assume responsibility for their mortgage payments, … Continue reading →
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When creating an estate plan, one of the most basic documents you may wish to include is a will. If you have a more complicated estate, you might also need to have a trust in place. Both a will and … Continue reading →
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Taking care of aging parents is something you may need to plan for, especially if you think one or both of them might need long-term care. One thing you may not know is that some states have filial responsibility laws … Continue reading →
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Drafting a last will and testament can help to ensure that your assets are distributed according to your wishes after you pass away. You can also use your will to name a legal guardian for minor children or choose an … Continue reading →
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Making a last will and testament is an important part of your estate plan and there are different types of wills to choose from. A nuncupative will, meaning a will thatâs oral rather than written, may be an option in … Continue reading →
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A will is an important part of your financial plan. When you create a will and testament, youâre creating a legal document that determines how your assets will be distributed once you pass away. You can also use a will … Continue reading →
The post Who Can and Cannot Witness a Will? appeared first on SmartAsset Blog.
A fiduciary deposit account is an account that’s owned by one or more persons but managed by another. The owner is known as the principal, while the manager is known as the fiduciary. These accounts are sometimes used to handle … Continue reading →
The post What Is a Fiduciary Deposit Account? appeared first on SmartAsset Blog.
Inheriting property or other assets typically involves filing the appropriate tax forms with the IRS. Schedule K-1 (Form 1041) is used to report a beneficiaryâs share of an estate or trust, including income as well as credits, deductions and profits. … Continue reading →
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