Sentences with phrase «paid out of their estate»

If your partner's made a will leaving their share to you, any inheritance tax would be paid out of the estate by the executor before the bequests are shared out.

The cost of this service is paid out of your estate when you die:

Like with any Government Insured FHA loan, you are required to pay mortgage insurance, but again it's rolled into the loan and never paid back unless you desire to make payments or is paid out of your estate.

The court found that neither party had any complete success on the appeal, and held that the beneficiary and the executrix beneficiary should be awarded special costs to be paid out of the estate.

In such instances, the costs of all parties, which are necessarily incurred for the benefit of the estate, should be taxed as between solicitor and client and paid out of the estate;

Then, the loans and accrued interest would be paid out of their estate, thus reducing their inheritance tax liability.

The estate trustees appealed and argued that the motion judge erred in failing to order that their costs be paid out of the estate.

The Court in many instances can order that the legal costs associated with a wills variation claim be paid out of the estate in certain scenarios.

Although legal costs have traditionally been paid out of the Estate, modern Ontario courts follow the «loser pays» rule in estates matters.

Creditors will be be the first to be paid out of the estate, before your heirs receive a penny.

Not exact matches

People will own and trade small digital slices of everything from real estate, to cars, to houses, to patents, to stocks, to artwork — many of which may programmatically pay out dividends via software - defined «smart» contracts.

In some states, executors are entitled to take a percentage of the estate's value, in some states the executor fee is dependent on funds received and funds paid out, and in others the standard is more fluid and depends on a large variety of factors.

Assuming none of these situations apply, creditors are usually «out of luck» for any debts that can't be paid by the value of your estate.

If the value of your residential real estate is high enough, one option is to take out a home equity loan and use that to pay off student loans.

Life insurance can pay off your business debt, pay taxes if ownership of your business is transferred as part of your estate, or pay for a business partner to buy out your share via a buy - sell agreement.

It loads down economies with debt — and when debt service exceeds the surplus out of which to pay it, the central bank tries to «inflate its way out of debt» by creating enough new credit («money») to make real estate, stocks and bonds worth more — enough for debtors to borrow the interest due.

The parables disclose with what pleasure and tolerance he surveyed the broad scene of human activity: the merchant seeking pearls; the farmer sowing his fields; the real - estate man trying to buy a piece of land in which he had secret reason to believe a treasure lay buried; the dishonest secretary, who had been given notice, making friends against the evil day among his employer's debtors by reducing their obligations; the five young women sleeping with lamps burning while the bridegroom tarried and unable to attend the marriage because their sisters who had had foresight enough to bring additional oil refused to lend them any; the rich man whose guests for dinner all made excuses; the man comfortably in bed with his children who gets up at midnight to help his importunate neighbor only because he despairs of getting rid of him otherwise; the king who is out to capture a city; the man who built his house upon the sand and lost it in the first storm of wind and rain; the queer employer who pays all of his men the same wage whether they have worked the whole day or a single hour; the great lord who going to a distant land entrusts his property to his three servants and judges them by the success of their investments when he returns; the shepherd whose sheep falls into a ditch; the woman with ten pieces of silver who, losing one, lights the candle and sweeps diligently till she finds it, and makes the finding of it the occasion of a celebration in which all of her neighbors are invited to share — and how long such a list might be!

Unless he's on the golf course or eating out (he played golf with Jordan before the party), Barack Obama is quite the loner, nestled up in an 8,100 square - foot, $ 12 million estate on the island's North Shore, paying rent in the tens of thousands of dollars a week.

But the district also wanted the museum to sign an agreement to pay any real estate taxes on the site, while the district would pay for utilities out of its museum tax, park district executive director Edward Haag said.

But Advance backed out of the project last winter after learning it would have to pay an estimated $ 50,000 a year in real estate taxes.

GE, the we good things to life folks, are packing up moving out of our community and leaving behind families with no income, dead real estate and who knows what manner of toxic waste that we the people will have to pay to clean up.

Much of what those returns revealed basically fleshed out stuff we knew thanks to his financial disclosure report: That CNN gig was pretty darned lucrative (it's paid him $ 1 million since it was canceled); Spitzer and his wife Silda, who filed jointly, still made most of their money from his family's real estate holdings ($ 2.5 million last year); and the family is paying him a $ 180,00 salary to run its business.

In the end, Cuomo and lawmakers decided to extend the affordable housing program for just six months, and let the unions and the real estate industry work out a new deal, that addresses the issue of paying prevailing wages, by late December.

Maybe this is just a me thing, but wandering the Upper East Side gives you the chance to pop in and out of museums (I suggest The Frick and the Museum of the City of New York) while also scoping out real estate that you can only dream of as you live off of ramen and pizza to pay rent for the closet you live in (but I can't complain about ramen and pizza).

Essentially, modern authors can use any settings, characters, and specific characteristics of the characters that appear in works that are already out from under copyright restriction, but can not use any details that are still under copyright without permission and paying a licensing fee to the estate.

You're actually putting assets into those entities, and what that does is it effectively takes it out of your estate and therefore you don't have to pay estate taxes on that.

Simply put, a mortgage is the loan you take out to pay for a home or other piece of real estate.

One thing I haven't pointed out in past updates but is very relevant when examining our various passive income streams — due to the large number of deductions and depreciation on our properties we haven't had to pay a single penny in taxes on any of the real estate income since we started acquiring our properties in 2012.

, bought a modest home and paid it off quickly, bought mostly used cars and kept them running (evidence: my current 1999 Volvo), married a wonderful woman who's equally frugal, maxed out TFSAs more recently, added to non-registered investments, saved in an RESP to ensure our daughter's education (now in the withdrawal stage), and were (sadly) the recipients of modest estates upon the passing of our respective parents.

What life insurance can do for you: Life insurance can pay off your business debt, pay taxes if ownership of your business is transferred as part of your estate, or pay for a business partner to buy out your share via a buy - sell agreement.

Assuming none of these situations apply, creditors are usually «out of luck» for any debts that can't be paid by the value of your estate.

To pay back the loan, the lender may sell the home, the borrower may pay from other sources, or repayment may come out of the borrower's estate.

Real Estate Investment Trusts have certain regulations that say they have to pay out a certain percent of the revenue they bring and they can't keep it.

Real estate investment trusts (REITs)-- companies that own and operate real estate, and that by design pay out most of their income as (often generous) dividends.

Urgency isn't the only motivator behind choosing the best direct lender in Gilbert; many people who don't enjoy the thought of paying off a mortgage for 30 + years instead choose to take out a hard money loan in Gilbert for their real estate needs.

The estate will most likely pay out exclusively to the father, but there may be a state or two in the union where a piece of an estate goes to the siblings as well.

Investing the money (assuming you max out on 401ks & IRAs) potentially creates an income taxable event while paying off the mortgage reduces not only liabilities (interest) but also reduces the amount of AMT one may pay (especially those with either high mortgage balances, in high state or real estate tax states, or some combination of those) which is in essence a double tax.

By comparison, these expenses took a big bite out of Dave's estate, which had to sell valuable assets to pay the taxes and expenses that arose as a result of his death.

TFSAs «can be very useful estate planning tools,» says Matthew Williams, SVP, Head of Defined Contribution and Retirement at Franklin Templeton Investments Corp. «Seniors can take an increased withdrawal out of their RRIF, pay tax on it and as a consequence redirect that to their TFSAs, which will be left to their heirs tax free.»

Most individuals are unable to pay for a residential or commercial piece of real estate with cash out of pocket.

Any alimony or support arrears for the 12 months prior to the date of bankruptcy are considered a preferred claim and are paid out of the proceeds of the bankrupt estate before any other unsecured claims.

If you write in trust the insurance pays out directly to your dependants, so it never becomes part of your estate, which avoids inheritance tax and speeds up the payout.

The great thing about life insurance is that the death benefit is paid out income tax free and not necessarily tax free altogether as life insurance proceeds are typically included into the gross estate of the decedent (the deceased) and are thus subject to estate taxes (sometimes called «death taxes»).

Desperate, I maxed out my credit cards to pay the landlord - and immediately I had a real estate agent looking to sell the restaurant for me (which had $ 60,000 worth of equipment still inside), and hoped I could break even.

In order for a company to qualify as a real estate investment trust, at least 90 % of its taxable income must be paid out to shareholders as dividends.

However, that money comes out of the death benefit that will be paid out, so factor in your other savings and the rest of your estate.

The lawyer's fees can be paid out of the bankruptcy estate (that is, whatever the bankruptcy court gets from selling your assets).

The experience persuaded Armstrong of three things: first that Toronto's overheated housing market may have cooled at least a little; second, that it pays to choose an experienced real estate agent who is intimately acquainted with the neighbourhood where you're selling; and third, that «if you put your best foot forward it will all work out in the end.»

The tax laws governing REITs require them to pay out 90 % or more of their income to their shareholders in the form of dividends, and that leads to the above - average dividend yields that you'll see from these real estate investments.

The corporate structure of real estate investment trusts (REITs) ensures that they pay out at least 90 % of their taxable income in the form of a dividend in order to qualify for preferential tax treatment.