Plan that involves distribution of property by living hand and distribution of property after the death of its owner. Distribution by living hand can ...
Amount, not in excess of $10,000 per year, given to each of an unlimited number of donees free of federal estate tax and gift tax. Each individual can ...
Value or property given by an individual to a trustee who holds and administers it for the benefit of the donee (recipient of the gift). For example, ...
Value or property given by an individual directly to a donee (recipient of the gift), for example, when a father gives a life insurance policy with al ...
A tenancy in which no written lease is involved, rent being paid monthly. It can be renewed for each succeeding month or terminated at the option of e ...
A home warranty is a guarantee for certain features of a new home-for instance, the materials and workmanship, the main components of the house, and s ...
Equity is the financial interest or cash value of your home, minus the current loan balance(s). If selling the home, this would also be minus any cost ...
A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest, property taxes, and insurance (OITI)-compared to ...
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