Generally, when no relatives can be found, the entire estate goes to the state. What Happens if You Die Without a Will and You're Single?. If, on the other hand, you're single and have children, then your entire estate generally will go to your children, in equal shares. If any child has died before you, and...
Estate tax planning is very important to preserving your wealth for future generations. Estate taxes, also called inheritance or death taxes, are taxes that the government takes, on the property that passes to your heirs. The tax depends on the value of the estate. In 2009, the federal estate tax was 45% on...
Here's what happens to your mortgage, home-equity loan, auto loan, credit cards and student loans if you die.. Your estate is responsible for your debts after you die. Others may be on the hook for your debts if they co-signed with you, or in other cases.
On tax day, we asked an economist what would happen if all the people in a nation forgot to file their tax returns.. What would happen, in other words, if no one paid his or her taxes? To find out, I asked Howard Chernick, a professor of economics at Hunter College who focuses on government spending...
No matter the value of your estate, it is essential that you plan for what will happen to your assets after your death. A living trust, when done correctly, can assure. A living trust can be a smart, effective estate planning tool, but unfortunately there is some major misinformation floating around out there.
A video from AsapScience explores what would happen if humans suddenly disappeared from the face of the Earth (though we obviously wouldn't be around to worry about it).
Paul Allens last will and testament, made public Thursday, does not offer specifics on the late billionaire's assets, but rather points to a trust established decades ago.
What if dinosaurs were still around? What would happen if you got sucked into a black hole? Nat Geo Kids tracked down the answers to these and other wacky questions. Get the scoop
When this happens, the intestacy laws will determine how your estates are distributed. In Malaysia, Muslims and non-Muslims are governed under different sets of inheritance laws. Below are the details: Heres what will happen to your estates/assets if youre a Muslim.
Probate estates and taxable estates are two quite different things. Probate assets are those that require some legal mechanism to pass to a living beneficiary after death, and joint. The only exception to this rule is if the account co-owner also happened to co-sign on one or more of the debts in question.