Sentences with phrase «estate tax bills common»

To compensate for this lack of «real address», lenders use dummy information based on probable loan data including sample purchase prices, sample real estate tax bills common for the area, and sample homeowners insurance policies and / or homeowners association assessments, where applicable.

Not exact matches

Failing to elect portability is a common mistake that could result in a larger estate tax bill after the death of the second spouse.

A very common strategy with ILIT's, is to use your annual gift tax exclusion to effectively remove assets from your estate and the trustee can then use the funds to purchase a life insurance policy for the sole purpose to pay your federal estate tax bill.

A common approach to coping with estate taxes is to take out life insurance policies to help your heirs deal with their inevitable tax bills.

These types of policies are most common for estate planning purposes where after both insureds pass, immediate cash is needed to settle an estate or mitigate larger tax bills due to estate tax laws.

Some of the more common reasons that retirees decide to purchase a life insurance policy include providing income replacement for their spouse, leaving an inheritance behind, preserving their assets from estate taxes, or providing cash to pay off any outstanding debts or medical bills they may leave behind.

One of the common lines of thinking that occurs when Real Estate values are heading downward is that the home owners tax bill must also be coming down too.