Sentences with phrase «pay estate debts»

Before making an interim distribution to the beneficiaries, make sure there is a sufficient holdback to pay estate debts in full.

As a result, estate trustees are often advised to pay all estate debts, including taxes, before making any payments to the beneficiaries of the estate.

Not exact matches

While most of the world would simply buy a larger house, a nicer car and better wardrobe, I've been sinking this cash into several other more productive avenues, including more real estate investments, paying off debt and going on some relaxing vacations.

Her expertise includes saving and investing for retirement, paying for college, managing mortgage, student loan, credit card and other debt, and building a financial legacy through estate planning.

If you are the executor of an estate, you'll have a number of obligations, which include making any distributions to beneficiaries and ensuring that debts and taxes on the estate are paid on time.

First TPUB saw its parent company take both its real estate and digital properties, at split, and saddle it with a $ 325 million debt, due to a special dividend it paid upon division.

Another 15 percent or so is earmarked to pay other debts: student loans to get the education required for middle class employment, auto loans to drive to work (from the urban sprawl promoted by tax shifts favoring real estate «developers»), credit card debt, personal loans and retail credit.

The new News Corp wasn't assigned any debt, didn't have to pay a dividend, and kept all the real estate underneath its newspapers.

A micro-loan can not be used to pay debts or purchase real estate.

The financial sector accordingly aims to shift taxes off its major customers (real estate and monopolies) so as to leave more revenue «free» to be capitalized into bank loans and paid out as debt service.

Without recognizing the role of debt and taking into account the magnitude of negative equity and earnings shortfalls, one can not see that what is preventing American industry from exporting more is the heavy debt overhead that diverts income to pay the Finance, Insurance and Real Estate (FIRE) sector.

Homeowners and consumers, real estate investors and corporations have pledged so much of their income to pay debt service that there is not much left to pay interest on yet more debt.

They are to pay for their rising debt service not by taxing the population, but by selling public assets to the financial, insurance and real estate (FIRE) sectors — the very sectors which are receiving the growing interest payments on the national debts resulting from lowering taxes on wealth.

I hope to pay off the rest of my student loan debt this year, then start investing heavily in retirement accounts, the stock market, and real estate.

Low interest rates helped fuel the real estate and stock market bubble by making the debt side of the balance sheet less expensive, creating a «wealth effect» as people came to believe that rising property and stock - market prices would be able to pay off their obligations.

If there isn't enough money in your estate to pay off the debt, the lender will go after that nice person who co-signed your loans, and you don't want that to happen.

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

The first victims of declining real estate values are of course people who rely on home equity lines of credit and refinancing to pay their bills and expensive to service credit card debt.

Banks lend borrowers the money to pay the interest, and this increases the debts that new buyers of real estate need to take on.

We planned to invest the money, that got free by not paying off our debt, into a tracker, so we build up a little fund that we can use for future investments in real estate and start paying off our college debts starting 5 years from now.

In these cases, the life insurance payout would be added to your estate and could be used to pay outstanding debts.

This policy is more often used in estate planning as it can help heirs to pay inheritance taxes or any debts that would be passed to them.

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.

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.

The problem with interest - only loans when you're not paying down the principal, is that if and when real estate prices go down, the debts remain in place.

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 volume of real estate debt, auto debt, student loans, bank debt, pension debts by municipalities and states as well as private companies exceed their ability to pay.

You would see online the full agreement which the company reached with the estate several years ago, where all that was due to that estate was paid from the debt of the man.»

Most charters are not housed in former school buildings, therefore, buildings are usually rented or purchased.Both require major outfitting to accomadate, major real estate wheeling and dealing going on!Major debt financing, and each student is being counted to pay debt service.

It takes the nonprofit organization's money, pays itself whatever it wants in rent (thereby eliminating any debt it incurred in constructing the facility), and reimburses itself for any and all real - estate - related expenses.»

Desperate to keep her troubles a secret and the family estate from falling down while she pays her debt to society, Lil entrusts Summer Haven's care to her best friend, Maggie, who recruits two more over-fifty ladies to live at Summer Haven and help keep it afloat...

Your monthly income and the percentage of that income needed to cover monthly debt retirement is a primary factor in calculating the amount you can afford to pay for any real estate property.

Explore Income Generating Investments: Originally most equity investments were made with an eye towards how much income they would pay to the stock holder; today Dividend paying stocks (or ETFs or Mutual Funds) play that role along with Fixed Income (Bond / Debt) investments and increasingly more sophisticated investors are looking into Alternative Investments («Alts» include private equity, hedge funds, managed futures, real estate, commodities and derivatives contracts).

A refinance transaction involves paying off an existing real estate debt from proceeds of a new mortgage.

As with all secured real estate secured debts the property may be sold if the barrower fails to pay their fees.

The Federal Trade Commission (FTC) notes that a third party can contact you to get the name of name, address, and phone number of an executor or whoever is authorized to pay the estate's debts.

legal process of settling an estate during which the validity of the will is proven, the deceased's assets are collected and accounted for, debts and taxes are paid, and remaining probate estate assets are distributed

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.

In these cases, the life insurance payout would be added to your estate and could be used to pay outstanding debts.

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.

When you die, all your debts are passed on to your estate, so the executor will compile a list of all outstanding debts and determine the order in which they legally should be paid.

This policy is more often used in estate planning as it can help heirs to pay inheritance taxes or any debts that would be passed to them.

Answer 2: I'm not a financial planner, I'm a real estate agent, but in my opinion you should always pay off the debt that has the highest interest rate — typically the line of credit.

If the debt is transferred to the estate, then it's the responsibility of the executor of the estate to liquidate any assets necessary to pay of the credit card debt.

Her debts would be paid by her estate.

Chapter 13 can be used to catch up your real estate taxes directly with the county treasurer or to pay off the debt buyer who has purchased your real estate tax lien.

Frank planned ahead and bought enough life insurance to cover the potential costs of settling his estate, including taxes, fees, and other debts that his estate would have to pay.

If there is not enough money in the estate to pay off those debts — in other words, the estate is insolvent — the debts are wiped out, in most cases.

Lenders want to be repaid so whatever assets are in the estate must be liquidated to pay off those debts.

The borrowed funds are often used to pay off other heirs when dividing ownership or to settle debt obligations of the estate or trust.