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☆ A real-estate investor explains how he got a 2.75% mortgage amid 7% rates
▼ + stars: | 2024-11-09 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Michael Hyun used creative financing to buy a home amid high mortgage rates in 2023. A provision in the mortgage contract called the due-on-sale clause makes this approach risky. But they had one advantage: Eileen was a real-estate agent, which qualified her as a real-estate professional under tax law. There, he found wholesalers, middlemen that buy property under contract to sell the contracts and transfer the property to the buyer. So, instead of going into foreclosure, they sold it to Hyun and transferred the mortgage, which had a balance owed of $368,486 at a 2.75% mortgage rate.

Persons: Michael Hyun, —, Eileen, Hyun, homeownership, Pace Organizations: Service, Business Locations: Texas

Longtime friends and neighbors fell out of touch and in some cases died, leaving the couple more isolated and vulnerable. Not long before he met the Davises, Maw pitched a local businessman on investing in his engine business. In the Davises, he had met a couple who had sizable bank accounts and an impressive car collection. The buyer also said he paid more for LaDonna’s property than for two larger buildings on the same street.) The Davises' property on Holt Avenue in West Covina.

Persons: James, LaDonna, ”, Michael McCasland, Min Zaw Maw, Maw, “, Javier Puga, ” Puga, Ladonna’s, Frank Piro, Piro, Amis, didn’t, McCasland, Davis, Min Maw, “ Maw ingratiated, ” McCasland, Rich Schapiro, Diana Homeier, ” Homeier, ” Maw, Maw “, LaDonna Davis, Moe, Gilbert Amis, ” Amis, Brett Hitchman, ” Piro, ” LaDonna, Min, Juan Dotson, Dotson, Michael Ebiner, ” Ebiner, ’ ”, Gus May, Hitchman, ” Hitchman, LaDonna “, Ebiner, breathlessly, Stacey Wood, Wood, ’ Organizations: Powertek Engineering Group, Pacific Western Bank, Citizens Business Bank, NBC News, McCasland, Holt, St, NBC, Nascar, Google, Protective Services, Center, Adult Protective Services, ”, Public Guardian, West, West Covina police, Bank of America, Scripps College Locations: Holt, Myanmar, Arcadia, LaDonna, West Covina, Vincent, St, Upland, Calif, Angeles County, McCasland, Los Angeles

☆ Lisa Marie Presley felt like her mom Priscilla Presley 'didn't want me,' according to memoir
▼ + stars: | 2024-10-10 | by ( Olivia Singh | ) www.businessinsider.com time to read: +6 min

Lisa Marie Presley wrote in her posthumous memoir that she felt unwanted by her mom, Priscilla Presley. AdvertisementLisa Marie Presley wrote in a new posthumous memoir about feeling unwanted by her mom, Priscilla Presley. Lisa Marie Presley, Priscilla Presley, and Riley Keough in 2022. Priscilla Presley and Lisa Marie Presley in September 2013. AdvertisementPriscilla Presley, Lisa Marie Presley, and Riley Keough in May 2015.

Persons: Lisa Marie Presley, Priscilla Presley, Lisa Marie, Priscilla, didn't, Elvis Presley, —, Riley Keough, wouldn't, Elvis, Jon Kopaloff, Lisa, Lisa Marie said, Rick Diamond, Keough, Lisa Marie weren't, Lisa Marie's, Michael Lockwood, Riley, Eric Charbonneau, Harper, Finley Lockwood, Barry Siegel, Benjamin Keough, Daisy Jones, Oprah Winfrey's Organizations: Service, Americana Music, Getty, Warner Bros Locations: Graceland

Bypass or credit shelter trust: Like a marital trust, married couples establish this type of trust to reduce or eliminate the estate tax for heirs. Or, you can have your trust fund managed by a corporate trustee or trust company. Trust funds — Frequently asked questions (FAQs)Can anyone set up a trust fund? However, remember that trust funds involve high fees, so only folks able to afford these expenses should open a trust fund. How long a trust fund lasts depends on the terms of trust.

Persons: Jaime Eckels, Plante Moran, Totten, grantors, Grantor, Cash, You'll, There's Organizations: Plante Moran Financial Advisors Locations: Chevron

Estate planning may not be a topic you want to think about, but it's essential for small-business owners. Estate planning is a very sensitive, emotional topic, but as a financial planner, I believe it's essential to discuss. Estate planning should be a top priority — especially for Black business owners seeking to build generational wealth and preserve their legacies. Digital estate planning documentA common blind spot in estate planning is the digital asset space. Digital estate planning will make it easier for your heirs to access your digital assets as needed.

Persons: —, doesn't Organizations: Service

☆ QAnon-linked legal fund spent $400,000 defending Trump allies, new filing shows
▼ + stars: | 2024-01-31 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Former U.S. President Donald Trump speaks to a crowd during a campaign rally on September 25, 2023 in Summerville, South Carolina. A fund intended to pay the legal bills of former president Donald Trump's allies backed chiefly by reported QAnon supporters has spent nearly $400,000, the bulk of which went to a single law firm, new records showed Wednesday. The Patriot Legal Defense Fund received more than $1.5 million between its creation in mid-July and the end of December, according to documents filed with the Internal Revenue Service. Of the total spent by the group, $221,000 went to the firm Brand Woodward Law, mostly in the form of professional and legal fees. Another $150,000 from the fund went to the law firm Gibson, Dunn and Crutcher for the nondescript purpose of "services rendered," the IRS filing shows.

Persons: Donald Trump, Donald Trump's, QAnon, Brand, Gibson, Dunn, Crutcher, Trump, Susie Wiles, Michael Glassner, Caryn, Caryn Borland, Michael Borland, Mike Pence, Michael Organizations: U.S, Patriot Legal Defense Fund, Internal Revenue Service, Brand Woodward Law, IRS, The New York Times, QAnon, Trump, Associated Press, CNBC Locations: Summerville , South Carolina, Montana

A court filing shows that Giuliani owes more than $1.3 million to the law firm Davidoff Hutcher & Citron. The lawyer Robert Costello sued Giuliani in September for $1.36 million in unpaid legal fees dating to 2019. Giuliani had planned to raise some of his legal defense money at two of Trump's properties, Andrew Giuliani previously said. "Yes, I gave Rudy $100,000 for his legal defense PAC and I was happy to do so," Elizabeth Ailes told CNBC. And the real estate investment firm Probity International, which is run by Trump donor Robert Zarnegin, gave $35,000 to the Giuliani PAC.

Persons: Rudy Giuliani, Donald Trump's, Andrew Giuliani, Caryn Borland, Giuliani, Borland, Caryn Hildenbrand, Caryn, Hildenbrand, Michael, Trump, Mike Pence, Caryn Borland's, Joe Biden, Davidoff Hutcher, Citron, Robert Costello, Elizabeth Ailes, Roger Ailes, Rudy, Ailes, Newsmax, Roger, Elizabeth, Donald Trump, Lewis Topper, Robert Zarnegin, Arnold Gumowitz, Andrew Giuliani's, Matthew Martorano, Martorano Organizations: New York, U.S, CNBC, Living Trust, Trump, Internal Revenue Service, The New York Times, Giuliani, Voting Systems, Washington , D.C, PAC, Fox, Fox News, Businessman, Probity International, Giuliani PAC, Trump Save America Locations: Washington , U.S, del Mar , California, Georgia, Washington ,, Bedminster

☆ Wall Street execs, Spielberg, 'dark money' groups quietly back Democrat running for Pennsylvania Supreme Court
▼ + stars: | 2023-11-07 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

Daniel McCaffery, Democratic candidate for Pennsylvania Supreme Court judge, arrives at his polling place to vote in Philadelphia, Tuesday, Nov. 7, 2023. If McCaffery wins, it would give the Democrats one more seat to boost their majority on the state court. Beyond the Spielberg group, the PAC has received funds from at least two veteran finance executives, according to the records. The "dark money" group is chaired by Chuck Hadley, according to his LinkedIn page. The North Fund, another 501(c)(4) "dark money" organization, gave $600,000 to the PAC, according to records.

Persons: Daniel McCaffery, Steven Spielberg, Carolyn Carluccio, Adam Bonin, Jeffrey Yass, Spielberg, Forbes, Stephen Mandel, Susan, Mandel, Mark Heising, Heising, Lynn Schusterman, Charles Schusterman, Schusterman, Chuck Hadley, Hadley, Arabella Organizations: Democratic, Pennsylvania, Democrat, Republican, Susquehanna International Group, Trust, Foundation, Lone, Lone Pine Capital, Medley Partners, PAC, Forbes, McCaffery PAC, Partners, North Fund Locations: Philadelphia, Pennsylvania's, Hollywood, Tuesday's, Lone Pine

So how can the estimated 4% to 5% of the population in the US who identify as being polyamorous approach their finances and money management in their relationships? There are many different poly relationship arrangementsAs Waymire explains, there are infinite poly relationship configurations. These are just a few examples of poly relationship configurations. Challenges in the transfer of generational wealthWaymire has seen clients disowned by parents for their polyamorous relationship structures, which can affect transfer of generational wealth. Have money conversations oftenSchedule money check-ins as often as needed.

Persons: —, Jackson Kendall, Michelle Waymire, Kendall, Waymire, aren't, Jackson, Polycules, Chaneé Jackson, Chaneé Jackson Kendall, polycule, it's, we've Organizations: Service, Young, Jackson Locations: Atlanta , Georgia, Jackson

A trust fund shelters a person's assets from probate and allows them to choose how and when their assets are distributed to their heirs. Depending on the type of trust fund, one or more of these parties may be responsible for paying income taxes and/or estate taxes. A revocable trust can be altered throughout the grantor's life, while an irrevocable trust cannot. In some revocable trusts, a single person can act as the grantor, beneficiary, and trustee during their lifetime. If the income beneficiary is a charity, the trust will receive an income tax deduction.

Persons: perpetuities

Search resuls for: "Living Trust"

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