Archive for the ‘Money’ Category

I was on my work when my brother called on the phone of our company because he said that he is trying to called me on my mobile phone but I’m not answering it, it’s because I don’t hear it and I’m on my duty at that time. Then while I’m doing my paper works our manager called me and he said that my brother is on the line and he want to talk to me immediately, then I was nervous when I got the phone and put it on my ear because it was the first time they called me on that phone and I know that some things are suspicious.

The when I hang the phone, I asked him why he want to talked to me on that time. Then he said that it’s emergency, they sent our father at the hospital because he was stroked and he need to stay at the hospital for a a few weeks because the doctor said that he need to stay there and they need to observe the situation of our father. My brother don’t have work yet and he need my help for financial. But at that time I don’t have money yet, but I told him that I will take over all the expenses. Then I went back to my work but I am still thinking if where I could lend money for our father’s expenses at the hospital. I tried to talked to our manager to lend some money and to my co workers too but they said that they don’t also have no money. Then my close friend said that yesterday he applied for a emergency loans . She said that I could apply there and when I get approve for that mergency loans I could have the money I need. And it so easy to apply and get approve. She said that It will help me a lot and it is the best at the same time the fastest way to have the money I need. Then I thank her I said that as soon as possible I will apply for that loan. And also because Christmas is coming up, this is also the perfect company loan for us.

Estate taxes are due nine months from the date of death. Under very special circumstances, you can get an extension for twelve months, but it’s not as easy as you might hope, and you also have to pay interest on the sums due. When you have acquired enough money to have to pay estate tax, the government thinks you will be smart enough to have planned for the day you’ll owe the money and just assumes, often wrongly, that you’ll have it on hand. This can be a real problem if you didn’t plan as well as you thought you had, or had not planned at all, because you and your parents (or whoever you’ll be inheriting money or property from) have never discussed it.
If you’re left an inheritance of assets such as real estate that might not be so easy to cash in fast, or assets that you didn’t want to cash in, and you have no liquid cash of your own, you could be in a very precarious situation. Advance knowledge of what will happen when the time comes gives you time to prepare, either by getting a life insurance policy that would help pay the death benefits or by liquidating assets sooner rather than later.
Sherry’s family’s situation is different from most. In their situation the main asset they will be inheriting is a business. Under the Internal Revenue Code Section 6166, they might be allowed to pay off their estate tax over a nine-year period of time, with interest. Even so, they’ll have to come up with almost $20,000 extra a year, which will no doubt put a crimp in the balance sheet.
For most people, it would be worse. Most people owe estate taxes nine months from the date of death, and that’s that. If you can’t pay your estate tax, interest will be charged. Currently that rate is three percentage points higher than the current rates on certain short-term Treasury obligations. If you inherit a closely held business, the rate is a flat 4 percent. It’s great to get an inheritance—unless you’re not prepared for it.