Posts Tagged ‘money’

How to defer or minimize taxes when selling a property, and NOT BUYING A NEW ONE?

My wife and I are planning to sell a house we’ve lived in for 2 years. We are not planning to buy another house in canada, but invest money in real estate outside the country.

What do we need to do in order to minimize and defer paying taxes in Canada?

Any help would be appreciated.

Rado


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Can an executor of Estate pocket some money for their own use???

Okay my wife’s mother-in-law recently passed away… in her last will and testament, she named my wife, her 2 sisters, and one grandson as beneficiaries of her life insurance… The executor is planning to use money to pay off some of the estate, which is fine I see how that can fit in to the setting… however… the executor is planning to also pull some money to pay for a truck that has no involvement with the estate of my wife’s late mother in law… Can the executor do this???


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Beyond the Grave revised edition: The Right Way and the Wrong Way of Leaving Money To Your Children (and Others)

Beyond the Grave revised edition: The Right Way and the Wrong Way of Leaving Money To Your Children (and Others)This expert, one-of-a-kind handbook shows you how to:


  • Ensure that your inheritance instructions will he carried out — the way you want them to be



    • Protect your child’s inheritance from creditors, ex-spouses, addictions, tax troubles, mismanagement, squandering, and other risks of loss



      • Prevent family conflict that can arise when parents die and children divide the “family money”



        • Leave more money to your children and grandchildren, and less to the IRS — and understand the hidden cost of a “death tax” repeal



          • Price: $17.99


            Click here to buy from Amazon


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            I was left some money in a will and I want to know if I can ask the lawyers how much.?

            I was told by a relative my mom was left some money in a will and since she died my sisters and I will get her share. I want to find out how much it is without waiting for probate. Will the lawyers tell you how much was left and how much your mothers share was?


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            wills and probate court?

            mother’s will ask that all assets be divided in even and equal shares, 2 accounts list 1 person as POD, 1 account is divided the other is hidden and refused, now to avoid court money has been offered but at less than current value. Do I have legal recourse to honor mothers will and have all assets shared equally ?


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            Do I need a probate attorney for this?

            I recently married a widow that has an existing valid will, leaving everything to her only child daughter from the first marriage. After four months of marriage, my new wife died before we could revise the original will. Step-daughter has now expressed interest in trying to nullify the original will and making me, the new husband, the sole beneficiary. We have gotten along well, so far, but my inclination is to just execute the existing will. Let her have everything and perform her duties as both executor and sole beneficiary. Money-wise ..assets v. debts.. it will be a wash.. so that isn’t a factor.

            Can anybody suggest why I shouldn’t just hunker down as a legal nobody in the current picture and let the original will probate out?


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            I need advise on wills after a death can anyone help?

            My father passed away a few months back and his mother did a few months before. In her will it states that her children will share the money between them from the selling of her house, which mens my brother and I should get my fathers share to split between the two of us. Only now i’m hearing that someone who is not even related to the family has to sign over so my brother and i get my fathers share. My question is what does this woman have to do with my grandmothers will? Would it have any thing to do if my father would have signed it over in her name before his death? Understand this is very upsetting for me because this women was not even married to my father but actually someone else. I feel she only used him to clean up. Can anyone help me to understand wills and how it works?
            The person who i am refering to use to be the executor of estate but gave it over to my fathers two sisters.


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            Question on Wills and Probate?

            My brothers and I inherited a house that has been sold and is closing this week. We all have kids going to college in the fall. How long does the money stay in probate, when do you think the money will be dispersed to us? There is no one contesting the will.
            My brothers and I inherited a house that has been sold and is closing this week. We all have kids going to college in the fall. How long does the money stay in probate, when do you think the money will be dispersed to us? There is no one contesting the will. The house is in Connecticut, where we all live.


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