Sentences with phrase «from estate tax obligations»
For example, the firm offers an estate protection rider that can help in protecting loved ones from estate tax obligations that may arise from the payment of the policy's own death benefit.
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This is as per Section 10 (2) that clearly states that any amount received from these families» income or family estate is exempted from tax obligations.
A short sale occurs when the net proceeds from the sale of a home are not enough to cover the sellers» mortgage obligations and closing costs, such as property taxes, transfer taxes, and the real estate practitioner's commission.
Examples of disclosures pursuant to § 1026.38 (k)(2)(viii) include the satisfaction of outstanding liens imposed due to Federal, State, or local income taxes, real estate property tax liens, judgments against the seller reduced to a lien upon the property, or any other obligations the seller wishes the closing agent to pay from their proceeds at the real estate closing.