Sentences with phrase «received as an inheritance»

8 By faith Abraham, when called to go to a place he would later receive as his inheritance, obeyed and went, even though he did not know where he was going.

The Bible is silent as to what it was within Ruth that impelled her loyalty and courage, her desire to «go out to a place which [s] he was to receive as an inheritance.»

Money received as an inheritance, gift, work bonus or legal payout can be used for the same purpose.

Separate property includes assets that either spouse had before the marriage, as well as assets received as an inheritance or gift during the marriage.

Most states take the position that property acquired by either spouse before the marriage, as well as most property received as inheritance or gift during the marriage, is deemed «separate property» and not subject to division.

Not exact matches

The CEOs were asked how they would advise a young person keen to invest $ 500,000 received as part of an inheritance.

For example, Colossians 3:24 - 25 says, «Whatever you do, work at it with all your heart, as working for the Lord, not for human masters, since you know that you will receive an inheritance from the Lord as a reward.

Whatever your task, put yourselves into it, as done for the Lord and not for your masters, since you know that from the Lord you will receive the inheritance as your reward; you serve the Lord Christ.

Though we do not see how our actions might affect the future, though we may not receive our inheritance right now, though we might go through persecution and trials and nakedness and danger and sword, if we just put our faith in God, as we keep our eyes on Jesus, «Keep the Son in our eyes,» as we, like Peter, keep our eyes on Jesus rather than on the rolling waves around us, we will walk by faith.

«Whatever you do, work at it with all your heart, as working for the Lord, not for human masters, since you know that you will receive an inheritance from the Lord as a reward.

Colossians 3: 23 - 24 says, «Whatever you do, work at it with all your heart, as working for the Lord, not for human masters, since you know that you will receive an inheritance from the Lord as a reward.

You are Sovereign and as a Sovereign nation under YWHY may you sin no more but love and show others the truth that so many have failed to receive due to false deception and show them love and forgiveness and what it means to be born through Salvation and to give up inheritance of sin through the believing of Satan by giving consent to rule over you and your children.

The inheritance refers to their reward in heaven, which they will receive as they show diligence until the end.

Inheritances may not be as big now but there are more people receiving them.

But in an expectant woman, whose child has received only one variant as part of its genetic inheritance, her blood will contain a little more of that variant because of the free - floating fetal DNA.

Receiving positive notices for his impromptu portrayal, the actor found further acclaim the following year, with his performance as Edward Voysey in the Royal National Theatre's production of The Voysey Inheritance.

The reading of the will dashed the hopes of the collection of greedy relatives who arrived with expectations of receiving big inheritances, as each was sent away with relatively - modest bequests.

Most men in 1920s Alabama would be delighted to receive land as an inheritance, but for Roscoe T. Martin, taking over his father - in - law's farm was nothing but a burden — mostly because it meant leaving his burgeoning career at Alabama Power.

A contingent beneficiary is specified by an insurance contract holder or retirement account owner as receiving proceeds if the primary beneficiary is deceased, unable to be located or refuses the inheritance at the time the proceeds are to be paid.

In general, property you receive as a gift, bequest, or inheritance is not included in your gross income.

So if your ex received an inheritance while you were still married, but, instead of putting it into a joint account, he or she put it into a separate account with themselves named as the sole authorized user that money belongs wholly to them.

While the man's name was not released, he told police he received the cash as an inheritance from his parents, and that he'd tucked it away inside the TV set for a rainy day.

A: When money is received by way of an inheritance, the person who provided the inheritance usually wants to make sure it is protected as an asset when a marriage is involved.

As well, there's the time element — children and relatives may lose their inheritance or wait years to receive it.

Would it be better to receive the money as a living gift or as an inheritance?

Think about the extra money you sometimes receive, such as overtime pay, income from a second job, tax refunds, a year - end bonus and the occasional inheritance.

However, if you are going to make a single lump - sum contribution, such as an inheritance you receive, the transaction cost of an ETF might well be lower than for an index fund.

Scenario 5: One spouse is over age 55, the other under 55; the spouse under age 55 receives a retirement account distribution as an inheritance from a deceased relative who was older than age 55 at the time of death.

The second group include those who are trying to convert a nest egg accumulated over a lifetime of hard work, or an inheritance or another pile of cash received recently as a lump sum.

If you receive an inheritance as a regular source of income, you can use this as your proof of income if you have no other source.

Tax tip: The deemed cost base of property received as a gift or inheritance is its FMV at the time of transfer.

You can receive an asset as a gift or an inheritance.

In other words they are for personal use... As this does not really match with what I knew... which is: you receive a foreign inheritance larger than 100K.

You may keep property received on this date or later as result of inheritance, bequest, devise, property settlements involving divorce, or beneficiary on life insurance.

Income received by foster parents is exempt, as is strike pay, income exempt by statute, certain war veterans» allowances and pensions, life insurance benefits, inheritances, lottery winnings and gains calculated as exempt on the sale of a principal residence.

If you receive a request to transfer money in exchange for an inheritance, lottery win or other large windfall, you should treat it as a scam and report it to the ACCC.

The authors make some interesting revelations as to how windfall can come through other means like inheritance and divorce settlement and the fact that most people do receive a windfall at least once in their lifetime.

Future payments include such things as tax refunds, or and potentially an inheritance, depending upon when you receive it.

However, if you receive an IRA as part of an inheritance, odds are you'll be taxed on any distributions.

«By contrast, if they receive your 401 (k) or IRA as an inheritance, they will have to pay taxes on the amount withdrawn each year, just like you did.»

As such, estate creditors may pursue payment before the beneficiaries receive any inheritance due them.

Each spouse would keep any separate property (owned before the marriage or received as a gift of inheritance), while marital property would be divided.

Increasing numbers of family members or dependants who have been left out of a will, or who did not receive as much as they had hoped, are bringing claims under the Inheritance (Provision for Family and Dependants) Act 1975 (the «Act») for financial provision.

As always, there are exceptions such as if an inheritance is received by a spouse and kept separately from marital assets, then that may be deemed a non-marital asseAs always, there are exceptions such as if an inheritance is received by a spouse and kept separately from marital assets, then that may be deemed a non-marital asseas if an inheritance is received by a spouse and kept separately from marital assets, then that may be deemed a non-marital asset.

While technically an inheritance is seen as separate property, if you received an inheritance during your marriage it may be subject to property division during your divorce.

The Uniform Transfers to Minors Act (UTMA) is similar to the UGMA, but allows minors to also own other types of property, such as real estate, fine art, patents, and royalties, and to receive the transfers through inheritance.

They could be disqualified from Medicaid and Supplemental Security Income by receiving over $ 2,000 as an inheritance.

Additionally, you should consider any future earnings, rental properties, investments or inheritance you may receive in order to protect those, as well.

Separate property means gifts and inheritances received during the marriage as well as property acquired before the marriage.

This property may have been received as a result of a gift or an inheritance from another family member.