Sentences with phrase «other estate expenses»

For a gift that gives the remainder of the estate after all other estate expenses and specific bequests have been paid:

Not exact matches

The business use percentage of expenses are generally deductible for items such as rent, repairs, utilities, mortgage interest, real estate taxes, insurance, depreciation and any other expenses.

Family - owned life insurance: In the event of your death, your survivors will appreciate having insurance cover estate taxes, your home mortgage, and other expenses.

The ensuing boom endowed the middle class in the United States and other countries, but was debt financed, first for home ownership and commercial real estate, then by consumer credit to purchase of automobiles and appliances, and finally by credit - card debt just to meet living expenses.

The final legislation enables companies to fully expense capital expenditures for most types of property other than real estate in 2018.

It is also necessary to provide a list of other assets other than your bank accounts which may include investment records, retirement accounts, real estate, and auto titles, and other investments this will make up a large part of your financial picture and make the lender sure that you have enough savings to bear any unexpected expenses.

However long you live, eventually your funeral expenses and other debts must be paid for before your executor can distribute your estate to beneficiaries.

Common commercial real estate operating expenses include real estate and personal property taxes, property insurance, management fees (on or off - site), repairs and maintenance, utilities, and other miscellaneous expenses (accounting, legal, etc.).

The best investment strategy for you will depend on the value of your assets, how much income you have from other sources, your monthly expenses, your goals for retirement, your desire for leaving an estate, and more.

The AFFO calculation removes the non-cash impact of real estate depreciation and amortization and property sale gains or losses to net income, while adjusting for other unique revenue and expense items that are not pertinent to measuring ongoing operating performance.

This would ensure your wife would have money in her retirement years to replace social security benefits, cover estate taxes, funeral costs, and any other final expenses.

You, and in the event of your death, your family, dependents, heirs, assignees or any other beneficiaries of your estate, indemnify and hold us and our affiliates harmless against any claim by you, or your partner (if applicable), (whether direct, indirect, incidental, punitive or consequential) of any nature, whether arising from negligence or any other cause, relating to any injury, loss, liability, expense and / or damage which you may suffer, howsoever arising, in relation to your entry into this competition and / or acceptance and / or use by you of a prize.

Union dues Medical, dental, prescription drugs and other health care costs Real estate taxes State and local income taxes Interest paid on a home mortgage Personal property taxes Cash contributions to churches and charities Interest paid on investments Market value of non-cash contributions to churches and charities Personal losses due to theft or casualty Job - related expenses you were not reimbursed for Home office expenses Job - related education and professional development Tax preparation fees Investment fees and expenses

If you sell now for $ 500,000, (Assuming that you can, and ignoring real estate commissions and other selling expenses, and pretending that you still owe the bank the full amount of the original $ 200,000 loan.)

You should at least get a $ 10 - 15,000 plan to cover funeral costs and other expenses your parents / whoever get left with your estate in the case you die may incur in the process.

You can write off these expenses, among others: insurance, depreciation, mortgage interest, home maintenance, real estate taxes, and utilities (including internet).

Lines of credit are not appropriate for fixed asset acquisitions such as equipment, real estate, leasehold improvements, or other expenses for which repayment can only occur over a longer period of time.

The Corporate and Eliminations segment includes net interest margin and gains or losses relating to mortgage loans for investment, real estate and residual interests in securitizations, along with interest expense on borrowings, other corporate expenses and eliminations of intercompany activities.

The key is to manage and limit risk, and the best way to do that is owning real estate that has at least a portion (or all) that can be rented out... that makes mortgage payments, taxes, utilities, and maintenance all deductible expenses, gives you income to pay the mortgage, and frees up money to diversify in other investments.

This important whole life insurance policy is typically purchased to cover the cost of a funeral and burial and, sometimes, other expenses that must be paid to close an estate, such as credit cards and other types of small loans or bills.

If you have a passive income portfolio (usually real estate but others could work as well, such as a strong dividend based stock portfolio) that throws off an income that comes close to matching your expenses, then when you quit your job you still have a steady paycheck, it just doesn't require the job anymore.

Other popular reasons for having life insurance include: Income replacement for dependents; to pay off debt like a mortgage or a line of credit; to create an emergency fund; to cover final expenses incurred upon your death; for estate planning reasons or to leave money to a favourite charity.

Ex: You own other rental real estate where income is more than rental property expenses.

Also, many people forget to account in all the other expenses associated with real estate.

Vanguard Managed Payout Fund is primarily intended for retirees and other investors who would like to receive monthly payments to meet expenses, who are able to tolerate the inherent risks of the fund itself, and who want to retain access to their investments to meet unexpected expenses or to use them for estate planning purposes.

However long you live, eventually your funeral expenses and other debts must be paid for before your executor can distribute your estate to beneficiaries.

Second, your policy gains are tax free and thus better than your average 2 % in the market AND your real estate gains are also likely tax advantaged AND we haven't even reached a discussion of depreciation or the deductible expenses of maintaining your real estate investment... (similar tax advantages can apply to many other asset categories as well).

REIT Risk (Real Estate Fund only): The Fund's investments in REITs may subject the fund to the following additional risks: declines in the value of real estate, changes in interest rates, lack of available mortgage funds or other limits on obtaining capital, overbuilding, extended vacancies of properties, increases in property taxes and operating expenses, changes in zoning laws and regulations, casualty or condemnation losses and tax consequences of the failure of a REstate Fund only): The Fund's investments in REITs may subject the fund to the following additional risks: declines in the value of real estate, changes in interest rates, lack of available mortgage funds or other limits on obtaining capital, overbuilding, extended vacancies of properties, increases in property taxes and operating expenses, changes in zoning laws and regulations, casualty or condemnation losses and tax consequences of the failure of a Restate, changes in interest rates, lack of available mortgage funds or other limits on obtaining capital, overbuilding, extended vacancies of properties, increases in property taxes and operating expenses, changes in zoning laws and regulations, casualty or condemnation losses and tax consequences of the failure of a REIT to

These expenses can include probate fees, attorney and accountant fees, financial management fees, estate taxes, other administrative costs, etc..

You or your survivors can use savings and investments to cover the costs of estate taxes, probate fees, and other expenses.

Carol Bezaire, the vice-president of tax, estate and strategic philanthropy at Mackenzie Investments, says the No. 1 blunder is dipping into an RRSP for expenses other than retirement income.

Itemized deductions also include mortgage interest paid on a home loan, personal losses due to theft or accident, state and local income or sales taxes, property taxes (on real estate as well as personal property), charitable contributions to churches and other qualified nonprofit organizations, gambling losses (provided they are offset by gambling winnings), and home office expenses.

Charitable bequests can be a specific sum, a percentage of your estate, or the remainder of your estate after expenses and other gifts.

«Residue» is a term to describe the portion of your estate that remains after all debts, expenses, and specific bequests to others have first been satisfied.

Other expenses that are recoverable, under a certain set of circumstances, may include creditor debts and loss of net estate accumulations

This is time and expense that can be saved if a list of assets is filed along with the will, as sometimes if someone suspects that there are additional assets that the estate trustee has not disclosed, and there is no proof one way or the other, the estate could end up in litigation.

If you have a loved one who was killed, you and other immediate family members can bring a wrongful death action, and the decedent's estate may bring a survival action to collect damages such as medical expenses; lost earnings; loss of love, support and companionship; and pain and suffering if the decedent survived for a time before succumbing.

There are real estate costs, inventory costs, equipment costs, office equipment costs, and a myriad of other expenses required to get your business moving forward.

The proceeds of such policies provide immediate tax free liquidity to the beneficiaries who can use the proceeds to pay federal and state estate taxes or other expenses.

For example, a life insurance policy of $ 100,000 in benefits will not only cover funeral expenses and any small debts, but it also may pay off the remaining mortgage on a home, other debts, and proper estate planning.

Life insurance is purchased for many reasons, including providing a family death benefits if the insured dies, paying funeral expenses, providing enough funds to pay estate taxes and other reasons.

The right life insurance policy will cover funeral expenses, pay off debt and estate taxes as well as cover other needs.

While you may already have a certain amount of life insurance in place for your other needs, such as mortgage payoff, the replacement of ongoing income, or even for the payment of estate taxes, the payment of final expenses is yet another cost that you may not have factored in.

That way, they can use the final expense life insurance to pay for funeral and other related expenses, and the other coverage to pay for estate taxes, mortgage payoff, or other specific financial needs.

J. RETURN OF MORTAL REMAINS — In the event of the death of the Insured Person during the Period of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Person.

When considering a final expense life insurance policy with other financial planning needs, these plans can serve as good alternatives for individuals who simply need a way to pay for their funeral and other related costs without disrupting estate assets and other savings or inheritance that is earmarked for their loved ones.

The usefulness of life insurance doesn't become obvious to many people until they begin to plan their estate and they learn about the potential taxes, expenses, and fees that will be incurred by their spouse, children, and others, after they have passed away.

According to Marshall, Parker, & Weber, LLC, a law firm in Pennsylvania that specializes in elder law and estate planning, the couple is allowed to spend their money «to pay off existing debts» to prepay real estate taxes, insurance, or other large bills; or to prepay funeral expenses» before qualifying for Medicaid.

The other thing to keep in mind with medical expenses is that you can deduct them from the estate's federal estate tax return, which is owed if the estate is worth more than $ 5.45 million (if the person died in 2016), or $ 5.49 million for a 2017 death.

Whole life insurance can be used for a variety of purposes, including helping to pay off funeral expenses, mortgages, and other outstanding debts in the event of premature death; helping to pay estate expenses, including estate taxes; retirement funding; providing a valuable employee benefit; and charitable giving.