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  [5] Legal, Taxes & Wills 1 2  
Life's answers #3720

No one decides they want to be born into this world, but we have a choice how we want to live and die out of this world.

3.67 (30)


Thanks to: John Dillow - Gresham - USA. - rec.:Jul 26, 2005 - pub.:Aug 2, 2005 - sent.:Jun 14, 2016
How to cut some Estate taxes #6081

Both spouses put their property into A Bypass or credit shelter trust (AB trust). When one spouse dies, let’s say the husband, his half of the property goes to the beneficiary named in the trust, often grown children. A condition is that the wife can use that property for life, including any income it creates. When she dies, that part of the property goes directly to the children without being taxed in her estate. That means the wife’s taxable estate is half of what it would have been if she had inherited directly from her husband.

4.88 (8)


Thanks to: Gary - Burlington, IA - USA. - rec.:Mar 1, 2010 - pub.:Mar 1, 2010 - sent.:Apr 3, 2013
Why The Revolutionary War Was Fought #4377

Our national debt is taxation without representation of those too young to vote or those not yet born.

3.88 (8)


Thanks to: WALT HASKINS - Lahaina, Hawaii - USA. - rec.:Apr 29, 2006 - pub.:May 3, 2006 - sent.:Jul 14, 2006
Estate planning for a blended family #6080

A QTIP trust, (qualified terminable interest property trust) lets you provide for your current spouse and your children from a previous marriage. You decide how much of your estate should go into a QTIP trust after your death. These assets give your spouse income for life. After your spouse dies, the principal goes to your children.

5.00 (3)


Thanks to: Gary - Burlington, IA - USA. - rec.:Mar 1, 2010 - pub.:Mar 1, 2010 - sent.:Aug 1, 2010
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