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My brother passed away - and he never changed his work's life insurance beneficiary to be his new wife. So when he died it was set as 50% to his 1st marriage's daughter - and 50% me. Whats the best way for me to simply give the money to his current wife - it is hers - without either of us getting hit with any taxes or penalties or fees of any sort. Thanks...
Submitted Feb 17, 2016
Universal life insurance was sold to us to cover possible inheritance tax for our daughter. Annual premium amounts to $22,000 for a face value of $1,550,000. We have paid in for 12 years and the cash value is approx. $100,000 and declining. Is it worth to maintain such a insurance especially as we learn now that premium could increase in the future and I am not quite...
Submitted Feb 15, 2016
my wife and i were both born in 1951. if my wife files for her benefits at 66, and i file for spousal benefits, in order to let mine grow till 70, can she change to spousal benefits once i start recieving my own full benefit at 70? I realize that her spousal benefit a 70 would only be half of what my benefit would have been at fra.
Submitted Feb 5, 2016
I have a trust that includes all of my assets. Recently I purchased a time share with my partner in another state. We both jointly own it. Should I put this property in my trust? He is thinking of getting out of his trust and having a simple will where he will leave everything to his daughter. How do we handle this? Thanks
Submitted Feb 5, 2016
If a child's UGMA/UTMA custodial account is transferred to a 529 plan are future earnings taxed as they would be in the UGMA/UTMA account or as they would be in a traditional 529 account?
Submitted Feb 16, 2016
Hi My wife and I have an utma set up for our daughter who be 18 years old in a few weeks. There is about $40,000 in the account. It started out years ago with a initial contribution of $15,000. She plans on college at private college Northand, Wisc. next fall. I am disabled and collect ss and csrs check a total of $2,500 monthly. My wife a Social Worker...
Submitted Jan 28, 2016
So I went to medical school and have about 350k student debt. My husband helped cosign some of these with me. Now we are needing new cars so bad but we can't get loans because of this high debt ratio. We both have perfect credit with no other debts! How can I get a personal loan?
Submitted Feb 1, 2016
Submitted Feb 8, 2016
Hello, I am so sorry, because I just received an answer from you, but I didn't check the e-mail I sent. The person I want to have the Guardianship or Power of Attorney is my 13 year old niece, and my sister is the one that really doesn't care who my niece is because the men that live in her house are more important to her. Could you please, let me know if we do the...
Submitted Jan 25, 2016