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In have an active whole life policy with the following rounded $ : Cash value - $54,000. Outstanding loan - $77,000. Interest owed $40,000 Question(s) If I cash the policy in what is taxable amount? If I pay interest amount is that a deductible amount? If I pay all loan and interest amounts and cash in the policy what would my taxable amount be? And any...
Submitted Aug 14, 2017
My mother-in-law passed away and we found a life insurance policy from Dollar Savings Bank. The bank no longer exists. Does that mean the policy cannot be collected? Would it have been taken over when Dollar Savings Bank was liquidated?
Submitted Aug 13, 2017
I am receiving a NJ pension. Do I have to pay state income taxes. Also sold property in NJ and $3,300 was taken out of my settlement amount - how do I get that refund? thanks
Submitted Aug 8, 2017
How do I have the bank post payments making my loan bi monthly for faster pay off? Do I send and extra half payment to start it off? Thank you, Christine
Submitted Jul 30, 2017
Hello. I'm building a new home. I will order a survey and title work of the development lot before purchase. Beyond that, I'm wondering how to protect myself if for some reason the lot is compomised (poor soil to support a foundation, discovery of buried waste or drums, etc.) Is this covered in an umbrella, contractually, or both? If in contracts, any model language?...
Submitted Jul 27, 2017
I am getting a private 75K loan to buy and live on a boat, the only way that the private lender will finance me is if I could show him lose prevention ins. or some means to pay loan if I get injured. I work for myself but don't have workers comp Ins. What can I do? Thank you Todd
Submitted Jul 23, 2017
I am in the midst of receiving death benefits for my mother. The insurance company is refusing to pay out the lump sum and have opted to pay me the way they want to.What can I do about this?
Submitted Jul 25, 2017
Can you change the beneficiary of a life insurance policy in a will..because your to ill to go out or speak to anyone?
Submitted Jul 26, 2017
I lost a medical malpractice lawsuit in 2015, and I had to pay over $150, 000 of my own money. Can I claim this loss on my income taxes?
Submitted Jul 2, 2017