by admin | Jun 1, 2011 | Estate Planning, Family Law, Financial Planning, Probate
The Estate Tax is a tax on your right to transfer property at your death. It consists of an accounting of everything you own or have certain interests in at the date of death. The fair market value of these items is used, not necessarily what you paid for them or what...
by admin | Feb 10, 2011 | Bankruptcy, Debt Collection
If you settle a debt for a certain amount of money, the amount you don’t have to pay is “forgiven.” Using a really simple example, if you have a $10,000 debt, and you settle it for $5,000, the creditor has forgiven the remaining $5,000. Creditors are known to file IRS...
