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My wife bought a life policy from executive life years ago. Executive went bl and was taken over by aurora life. When that happened, in 1993, we discontinued all premium payments. The policy was continued thru automatic premium loans against cash values. The policy was finally terminated two months ago when the policy loans and interest exhausted the CSI, and...
Submitted Feb 22, 2016
Is interest paid ( during the life of the insured) on a life insurance policy loan for which the proceeds were used for business purposes deductible as a business expense?
Submitted Feb 24, 2016
I found Paladin Registry, Garrett Planning Network, National Association of Personal Financial Advisors specifcally I am looking for retirement specialist, are there any other trustworthy places to find someone. My brother sold me his broker, but someone in the office filed a complaint on the broker when I only asked a question about my money, in addition I...
Submitted Feb 9, 2016
If my husband accidentally burned down our home but I as the wife is the policy holder on our usaa account for homeowners insurance, he's being investigated. Should I still get all of the insurance money? Thanks, L
Submitted Feb 13, 2016
My sister (unmarried, no children) passed away in June of 2015. She had no will but had beneficiaries or PODs on her accounts. Am I responsible to file her Fed and State taxes. If she owes, who is responsible for settling that debt. In MN because there was no "unclaimed" money no probate was started. I have paid off the small bills and notified her creditors. But as...
Submitted Feb 4, 2016
I bought my first time home 12/15.My closing cost was 4800 and my earnest money 500.what can I claim on my taxes.my home is brand new energy efficient.eco friendly.
Submitted Feb 18, 2016
According to a QDRO from a divorce, I am entitled to a portion of my ex-husband's retirement pension from the US Postal Service. I just remarried. Does that effect my interest in my ex-husband's pension? Thank You.
Submitted Feb 16, 2016
My father gifted me 100 shares of a stock now at 80 a share that he paid $4 for, do I owe taxes on the appreciation of the shares? Is there a better way to gift? My income is $150,000 his is much lower. He is 84 and still practicing law half days. Thank you,
Submitted Feb 15, 2016
Hello, My father recently passed away three weeks ago and I have some questions regarding his employer life insurance policy. After working 17 years for a company, he became sick in September 2015 and was on medical leave until he is fully recovered to return back to work this January. Unfortunately, he passed away January 17, 2016. When I contacted the employer...
Submitted Feb 10, 2016