 Am i screwed? |
| i lost a bet and now i owe a loan shark 1700 dollars, how do i get some quick cash so i dont get my legs broken and thumbs chopped off? i have 5 ... |
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 Does this mean someone's trying to break into my myspace acct? |
For the first time in days, I tried to log into my myspace account, and got this message:
"This account has been locked for 15 minutes due to excessive failed login attempts. Please ... |
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 Im moving out to california in a month...how much poket money should i have saved up? $500? $3000?...? |
| moving out to california..how much money should i have saved up to cover me while i look for a job? i don/t have kids nor alot of bills...would $1000 be enough or would i wanna have more? im asking ... |
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 Should I pay off my car loan with my credit card? |
| My car loan right now is at 7.19% interest for 4 years. My current balance is around 13k. I have a credit card thats offering me a balance transfer rate of 4.99% for the life of the loan. If I pay ... |
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 What do you guys think of my company's 401K plan? |
| In a nutshell my company matches 50% of every dollar you put in your 401K retirement plan but only up to 6% of your yearly salary. Does this sound like a good enough 401K plan to continue working in ... |
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 What would you do if you had £/$1,000,000 ??? |
| i have recently won £1000,000 on the lottery :) i havent a clue what do with it can you tell me ??... |
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 How do you make out a check to transfer money from one checking account to another? |
| I'm wanting to transfer funds from a checking account at one bank to a checking account at another. I want to write a check deposit it. Who do I make the check out to? Myself? The bank? C... |
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 Can a bank teller or others there access your Social Security Number? |
| I was wondering, If you are a teller or a supervisor at a bank, can you access someones social security numbers on an account? Can tellers type in your name only and pull up your SSN? Just ... |
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 Pre teens and Money!? |
| I really want to earn money for this summer and to buy a 50.00 purse I want the money before june can you please help me with ideas!... |
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 What are easy ways to make good online money? |
| What is the best website for making money on things like surveys, and can redeem my money fast.... |
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 How can i make 4000 dollars in 5 months??????? |
| ok im 11, i cant baby sit so how do i make 4000 dollars in 5 months??????????????????????????????????... Dont ask why but it is really important and no im not gonna be poor?? So please ... |
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 I want to claim back unfair bank charges? |
| I live in Northern Ireland and in the last 3 years my bank (First Trust) has charged me approximately £3000 in overcharged fees! Can I claim these back? If so do I need to know all about the ... |
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 Do you believe in giving money to poor people? |
| I don't. Poor people are poor because of the way they think, and how they manage money. You can keep giving poor people handouts and money and they will keep going broke. Look how many lottery ... |
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 Does opening a "regular/normal" savings account effect your credit score at all? |
| I know many banks check your credit history/score when you open accounts with them, but if you open a savings account does that effect in any way your credit score? For example, besides being ... |
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 If a relative dies, are you responsible for all their unpaid debts? |
Additional Details
Assuming they didn't leave any assets, only debts.... |
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Lina R | Is it possible for someone who is dying to turn over his money to someone else? |
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Celine♥♥
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Simply put....YES....I would advise a lawyer be present to make legal documentation though.
To protect the innocent. |
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Katie W
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People can give away all their money at any time, or leave it to someone in their will upon death. Or grant someone a power of attorney to act in their stead (this is usually done in cases like you describe, to act for an ill or fuddled relative or close friend who trusts you to help them). |
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cricket3
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Uh yeeaaa.... It's called a Will... Duh...... |
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angie l
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Yes it is. My grandfather turned everything over to my grandfather before he died christmas 2003 so she didn't have to pay any death taxes. Contact a lawyer to make everything legal. |
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Dr. Maura Myrtle
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have them write a will |
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linz_b
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yes its called a will |
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efflandt
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It depends upon the intention and size of the estate. If someone with terminal illness is trying to transfer something without paying their debts, that might be considered fraud and reversed unless their estate has enough assets to cover their debts.
The gift giver has to file a gift tax form if they give anyone more than $12,000 per year, although, no gift tax would be due unless total gifts to everyone beyond that exceed $1 million. If it is inherited instead, there is no tax unless the taxable estate exceeds $2 million ($3.5 million in 2009).
Certain assets other than cash (like a home) would be better to be inherited than gifted, because gifted property has the cost basis of the person giving the gift (probably more capitial gain), whereas, inherited property gets a stepped up cost basis at time of death (little or no capital gain). |
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andrew2007
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yea it's called a power of attorney |
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LETTY C
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It has to be a legal document.... a will. |
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jlynne1
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yes its called power of attorney |
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lenny p
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If there are no complications, a simple will is enough. In California, a holographic will is legal, that is, a will written in ink by the person themself listing their intentions and signed and dated. A slightly more formal will would be typed, signed and dated, and then witnessed by two people who are not receiving anything from the will.
An attorney will do a simple will for a very reasonable price (probably $100 to $200), since it is basically a form that is filled in with your information. This approach will ensure that you think a little further ahead and consider a few more things, such as an executor and relatives who are being excluded and will receive nothing, and the residual items, not listed.
If the estate is large or complex, you definitely need attorney help and could also look at taking steps to reduce the cost of probate and estate tax. There are attorneys who specialize in wills and trusts and it would be best to pick a specialist. |
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maxmom56
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Yes. He can gift it outright or leave it in a will. If you mean "turn over" as in run his affairs, yes, with a power of attorney. |
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Steve C
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now if that isnt a loaded question.... |
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