Sentences with phrase «otherwise useful asset»
When the death benefit is used to provide liquidity to pay taxes on an estate it helps facilitate a smooth transition to heirs, helps them avoid selling an item with sentimental qualities or an otherwise useful asset to pay taxes, and does not burden heirs with tax liabilities.
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Shutting down productive assets before their useful lifetime will also impact economic efficiency, requiring additional near - term investments in new capacity that could otherwise be avoided.