Sentences with phrase «cash as an inheritance»

While the man's name was not released, he told police he received the cash as an inheritance from his parents, and that he'd tucked it away inside the TV set for a rainy day.

Not exact matches

Few need to put down as much as 20 percent — unless they have the cash readily available from investments, a prior home sale, or an inheritance.

It can be used to borrow if you know you'll be getting a large payment at some point, such as a year - end bonus or inheritance, but need cash now.

Much to her annoyance, Mattie finds herself unable to cash in on her inheritance as planned.

g) Properties acquired by inheritances within the past 12 months are eligible for a cash - out refinance transaction provided they have been occupying the property as their primary residence since the inheritance.

Should you use an inheritance or other cash windfall as a down payment on a home?

The second group include those who are trying to convert a nest egg accumulated over a lifetime of hard work, or an inheritance or another pile of cash received recently as a lump sum.

Consider putting a raise, a bonus, your birthday cash or an inheritance toward your student loan as well to help reduce your principal, which will in turn reduce your interest.

But if we change our habits and place any unexpected extra money (such as an inheritance, cash gift, tax refund or even the remote possibility of a lottery win) into the stock market instead, that money will leave you a much bigger impression later on than if you simply spent it.

If there are additional funds in the inheritance consider investing them into cash producing (such as dividend stock) to supplement your retirement income.

But there are some cases in which the cash value component of a permanent life insurance policy can be useful (to pay off large estate costs, for instance, or as a means to pass tax - free inheritance if other assets are large enough to trigger estate taxes) and something like an indexed universal life insurance policy can come in handy.

Because the life insurance policies are not counted as part of a person's estate, allocating a portion of your wealth to a whole life insurance plan can be an effective way to reduce your estate's size by reducing available cash on hand while increasing your heirs» inheritance through legally avoided estate taxes, probate fees, and the payment of a large death benefit.

If they need to make an inheritance equal for all heirs (like when a single non-liquid asset such as a house is being passed on), life insurance can provide the flexibility of cash.

This takes a concerted effort over time, especially with «liquid» inheritances, such as cash or investment accounts.