Money 4 Life: Of Life Insurances and Estate taxes

Have you ever daydreamed about the death of a fictional long-lost relative who left all his wealth in your name? People think that when someone leaves them an inheritance, they will simply assume ownership once┬áthe original owner passes away. But the truth is that it’s not that simple. I remember a friend of mine who “inherited” some properties when her father died; she told me that she only “seemed” rich in paper, but she’s actually poorer because her expenses increased. Aside from paying for the yearly taxes of these properties, she had to come up with money to pay for […]

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