inheritance?
Q. at present i am unemployed and need to borrow 500 to pay for documents for the release of my inheritance.i have paid 1,000 for which i have a receipt,however i havent got the other 500 my inheritance can be varified bank to bank.does anyone have a solution thankyou.
Asked by ripleyblackiered - Mon Feb 4 05:56:08 2008 - - 3 Answers - 0 Comments

A. It is a scam. No one ever needs to pay up front for: loans, inheritance, lottery winning, etc.
Answered by Auntie Mame - Mon Feb 4 06:03:19 2008

How Inheritance is useful in reusing code for programmers?
Q. In a large organization, programmers develop a library of classes as they work on various projects. Discuss, in such an environment, how inheritance can be useful in reusing code and therefore saving time.
Asked by Renee - Tue Nov 24 23:07:21 2009 - - 1 Answers - 0 Comments

A. Well, with inheritance, several child classes of a given base class will be able to use inheritable methods and fields of the base class as if it were their own, therefore achieving code re usability. They need not be re-programmed in the child classes unless the child class needs different / extra / more constrained functionality from them (this is however applicable to only methods). Take a scenario where you, as a programmer have been maintaining a library of classes partaining to geometric shapes for your paint program. Suppose that you have a "Rectangle" class which has four points along with their x,y coordinates, their color values and the code that is used to paint them onto screen. Now suppose that someone else wants to also… [cont.]
Answered by parth m - Fri Nov 27 13:00:02 2009

How do I report inheritance when I file my taxes?
Q. I recently inherited some funds from a relative that died in July and need to know how I am supposed to apply that when I file my taxes. How is inheritance viewed by the IRS? I know I have to pay a tax on it, but I could not see any where on the form I am supposed to put i.
Asked by scpk2000 - Sun Jan 27 14:51:28 2008 - - 3 Answers - 0 Comments

A. For federal purposes you only have income if the estate sent you a 1041 schedule K-1. That happens only if the estate had income (like interest) and felt it would be cheaper overall to let you pay the tax rather than have them pay the tax and send you the difference.
Answered by the tax lady - Sun Jan 27 14:59:36 2008

How do I calculate estate & inheritance taxes for a life policy?
Q. I am putting a client in a $4Mil life insurance policy and its my first one. Do you know how I can calulate his estate and inheritance taxes? He owns about $1.5 Mill in real estate. Thank you.
Asked by dillan - Sat Feb 21 18:30:17 2009 - - 2 Answers - 0 Comments

A. It is my understanding that if the proceeds of a life insurance policy go directly to the beneficiary, then there is no Estate Tax since the proceeds are not part of the estate. There is also no Income Tax on the proceeds of an insurance policy. There would only be Estate Tax if the proceeds of the policy were paid directly into the estate thus becoming part of the estate's value. Only if the estate were valued at over $3.5 million in 2009 would there be an Estate Tax paid by the estate before the estate is disbursed. As to Inheritance Tax, each state is different and Inheritance Taxes are paid by the recipient of the Inheritance. Some states, like California, have no Inheritance Tax, while other states, like New Jersey do. However,… [cont.]
Answered by Jeanne R - Sun Feb 22 10:51:09 2009

How long does it take to receive inheritance money from a parent that has died?
Q. My father passed away last year in February. I live in a complete different state and my stepmother is supposed to be taking care of the inheritance for herself, my brother, and me. There was no will involved and from what i understand she's in titled to 50% of the property and my brother and I are in titled to the other 50%. So how long does it take to see any results (money) from all this?
Asked by jedm87 - Wed Jan 21 18:18:49 2009 - - 4 Answers - 0 Comments

A. It depends. In the area I live in, it's typically at least a year, but a lot depends on the amount of money involved, how complicated the estate is, and a number of other issues. By the way, it is all right to ask your step-mother or her lawyer what the timetable looks like.
Answered by Helen W. - Wed Jan 21 18:25:15 2009

What are the grades to be an inheritance lawyer?
Q. I'm 13 and have wanted to be an inheritance lawyer for over 4 years, I'm planning to go to Uni when I've finished school and get the grades.
Asked by Conxnut - Fri Feb 27 21:56:50 2009 - - 2 Answers - 0 Comments

A. If you have the tuition money, there will always be a law school that will take you. For a good law school, mostly all As from a high ranking college and an off the charts LSAT score.
Answered by evilattorney - Fri Feb 27 23:01:36 2009

What is the legal process in collecting an inheritance?
Q. What are all the steps involved in collecting an inheritance? Also, if the person inheriting the estate was actually adopted by another family, would she have to have a DNA test before she could collect this inheritance from her biological family?
Asked by AliCat - Tue Aug 8 00:15:37 2006 - - 6 Answers - 0 Comments

A. Was this "heir" mentioned in the will? If so, the executor should take care of sending the inheritance and paperwork. If the "heir" thinks they are going to inherit solely because she is the biological child or grandchild of the deceased, even though she was adopted out away from the family, she isn't going to inherit anything. It doesn't matter if they are biologically related. It is the legal status that matters. When the parental rights to the biological parents were terminated and the child was adopted by another family, the child ceased to be related to the biological family. They are now legal strangers to one another. One can only inherit from legal strangers if there is a will in place stating that the deceased wants… [cont.]
Answered by Mama Pastafarian - Tue Aug 8 14:47:21 2006

How do I open an offshore account to deposit a large inheritance, and then how do I do banking?
Q. I have recieved a large inheritance and it will be deposited to a bank of my choice and I thought to avoid paying taxes I would put it in a LEGAL offshore account. What I don't understand is how will I do my banking and how do I go about opening the account? The money is comming from out of the country, it will never be in the US, so I would think I could deposit it in an offshore account and legally avoid taxes.
Asked by jbrobinson23 - Sun May 28 18:48:05 2006 - - 6 Answers - 0 Comments

A. Go to Expedia and book a ticket to the country where you want to open your bank account and go to the bank and open the account. They will open your bank account in 15 minutes or less. I can help you with all your international financial needs. Top 3 Answerer in Business & Finance. (Vote for me)
Answered by Frank Castle - Mon May 29 03:36:52 2006

can anyone explain the operation and objectives of inheritance tax and the Inheritance Tax Act 1984?
Q. Explain the operation of inheritance tax and the Inheritance Tax Act 1984. Consider the objectives of this tax, and discuss whether the Inheritance Tax Act 1984 represents a fair method of achieving them.
Asked by withoutashadow24 - Fri Apr 9 11:49:36 2010 - - 2 Answers - 0 Comments

A. Do your own homework
Answered by Onestep downfrom God - Sun Apr 11 12:58:53 2010

Is it possible to get an inheritance early?
Q. I do not get the last dispersement of my inheritance for 2 years is there anyway to get it earlier?
Asked by Mark C - Wed Jan 2 13:34:14 2008 - - 2 Answers - 0 Comments

A. just correct the document to current dates?
Answered by SAM M - Wed Jan 2 13:41:39 2008

Information on inheritance tax when funds are held in Switzerland but deceased lived in the UK?
Q. My Gran is on her last legs. She has a bank account in Switzerland for obvious reasons. When she dies and we want to gain access to the funds and bring them back to the UK what extra taxes will be levied on the money other than inheritance tax? Why income tax?
Asked by pascal - Sun Mar 22 15:57:43 2009 - - 2 Answers - 0 Comments

A. The IHT will be charged regardless of whether the funds are repatriated or not. Income tax wil be charged on the income element (interest) and assessed on the beneficiary.
Answered by Onestep downfrom God - Mon Mar 23 13:43:59 2009

What is the role of probability in understanding inheritance?
Q. need help!!! 1.how did mendel's approach to the pea plant experiment differ from those of erlier scientist. 2.what are Mendel's two laws of inheritance? & how do theses laws reflect the events of meiosis?
Asked by EMMY B - Thu Jan 22 00:54:47 2009 - - 1 Answers - 0 Comments

A. Mendel's conclusions were largely ignored. Although they were not completely unknown to biologists of the time, they were not seen as generally applicable, even by Mendel himself, who thought they only applied to certain categories of species or traits. A major block to understanding their significance was the importance attached by 19th Century biologists to the apparent blending of inherited traits in the overall apperance of the progeny, now known to be due to multigene interactions, in contrast to the organ-specific binary characters studied by Mendel. Mendel's Law of Segregation Mendel's Law of Independent Assortment
Answered by Gonzalez - Thu Jan 22 09:40:01 2009

What do think? Should I wipe out an inheritance and purchase a new home?
Q. The house we are in now is small and needs a lot of repairs and the one we are looking at is bigger in a better school district but we would have to use some of inheritance to get it and I just don't know!!! Would u do it I want to for my kids and private school is costing way to much! Thanks for any help.
Asked by GilmourGirl - Mon Mar 9 23:01:48 2009 - - 2 Answers - 0 Comments

A. If using your inheritance will allow you to pay for the new house in full and you have no other outstanding debt (car payments, credit cards, student loans, etc...), then yes, do it. If you have a paid for house, then you can use the money you would have been paying out in mortgage payments to rebuild savings.
Answered by KelliJann - Fri Mar 13 12:58:23 2009

How does the element of chance enter into the inheritance of traits?
Q. In genetics, how does the element of chance enter into the inheritance of traits? Explain in terms of chromosomes please. Thanks so much for the help!!
Asked by Bob - Tue Jan 26 16:01:43 2010 - - 2 Answers - 0 Comments

A. The element of chance comes in the mutations that happen to the genome. These are random. Organisms that reproduce sexually have an additional element of chance because which chromosomes are received from which parent is not deterministic.
Answered by scottsdalehigh64 - Tue Jan 26 16:09:34 2010

Do I pay inheritance tax on a court settlement for the wrongful death of a child?
Q. I'm a U.S. citizen living and working in Canada (therefore no U.S. income). I'll be getting a settlement for the wrongful death of our newborne child in 2002. I am apparently going to have to complete an "S2 Succession Tax" form. Does this mean that the money (which will be coming from the estate of my child) be considered an inheritance? How much tax will I have to pay on that?
Asked by David I - Tue Jan 15 12:35:26 2008 - - 1 Answers - 0 Comments

A. For US tax purposes, if all of the money is classified as compensation for wrongful death, it's not taxed as income either by the estate or by you. If any of the money is classified as punative, then that portion is taxable as "other income."
Answered by the tax lady - Tue Jan 15 12:39:11 2008

Should I use inheritance money to pay of my student loans?
Q. I recently was left an inheritance from my grandmother and don't know if I should use it all to pay off my student loans. There is enough to cover it an have a small amount left over. Should I use all of it to pay off my loans or keep some more to invest it? In other words, does is it more beneficial to have some investments and some debt, or neither of both?
Asked by Benny - Thu Mar 5 19:48:09 2009 - - 6 Answers - 0 Comments

A. Use the money to get yourself out of debt so that you have a good start in life. At this time, most investments are down so by paying off your loans, you have "made" whatever interest you are no longer paying. That is a pretty good return on investment when most other things are going down. Since you are just starting out with you work life, you will become wealthy if you have a plan. If you look at an IRA calculator you will discover how quickly you can become a millionaire with a Roth IRA. That is a millionaire tax free! Here is a plan that can help you. If you work the plan, the plan will work for you: 1. Make a budget. Make the budget a week before you get paid. A budget is not a punishment! It is a tool which will free you from… [cont.]
Answered by Jeanne R - Fri Mar 6 11:50:17 2009

what are the genotypes and type of inheritance?
Q. A plant with round squash and a plant with a long squash are crossed. all the offsring are hybrids that have squash shaped like an oval (Rr). What are the genotypes of the parents? how do you know? what pattern of inheritance determines the shape of the squash? what type of inheritance?? i would love some help.
Asked by Michelle - Mon Mar 16 12:10:48 2009 - - 1 Answers - 0 Comments

A. the only way all the offspring could be hybrids is if both parents were pure bred, RR and rr. If you do a punnett square youll see that this is the only way all other combinations would give a chance for some other phenotype. This type of inheritance is called incomplete dominance it is the same as crossing a red flower and white flower and getting a pink offspring. The phenotypes mix and a mixture of the two are shown. Do not confuse this with codominance where both phenotypes are shown at the same type such as in my flower example you would get a red and white striped flower rather than a pink one.
Answered by Mark P - Mon Mar 16 12:19:33 2009

What documentation is required to claim an inheritance in China if one is not a Chinese citizen or resident?
Q. My father was born in China but emigrated many years ago and became a citizen of another country. My grandparents have since passed away. My father's siblings in China would like to settle the inheritance of a piece of property that belonged to my grandfather. What documentation do I need to have to claim my share of the inheritance? Where do I need to get the documentation authenticated? (Chinese consulate where I live?)
Asked by Frank - Thu Jul 9 16:36:34 2009 - - 2 Answers - 0 Comments

A. The laws and court procedures in China are fundamentally similar to those in western countries. The estate will be probated at the county or city level in China and an executor will be designated by the court. The executor or his/her attorney will inform you what specific documentation they require. Note that it is the executor, not the court, who you need to satisfy regarding your identity and relationship to the decedent. Property title in China comes in two forms. Apartments, offices, and retail space in the cities are held in a conventional title, the same as in western countries, with sole or joint ownership by your grandparents in this case. However, agricultural land in the provinces is often still held in communal ownership… [cont.]
Answered by BSherman - Sat Jul 11 04:52:43 2009

Does an inheritance effect a bankruptcy if its your spouses?
Q. I am filing for bankruptcy and my husband is NOT. He just received a small inheritance and I wanted to know if my bankruptcy would effect his inheritance. Its not much, but its really his money and I would hate for my money troubles to effect him. We only have our first mortgage in our names and everything else is separate.
Asked by mommyof2 - Tue Jan 12 22:03:30 2010 - - 2 Answers - 0 Comments

A. No as long as he puts it into the bank in an account with just his name.
Answered by Iffy - Tue Jan 12 22:06:49 2010

What are the time constraints to accept or refuse an inheritance in Greece by a non-Greek citizen?
Q. I know a Greek citizen has 6 months to refuse or accept an inheritance but I think a non-citizen has more time.
Asked by John A - Wed Sep 12 21:41:27 2007 - - 1 Answers - 0 Comments

A. The deadline to make a relevant declaration at the tax office of the deceased is 6 months since the death or since when his will was made public. But it can be extended with a simple application. It could be that If you (or the deceased) live abroad it is one year. Whether you accept or refuse it you must use a notary (symvoleografos) who in case of acceptace will prepare the necessary papers with estimates of the property's value, which you will submit to the taxation office of the deceased, you will pay (if this is the case) and then again with the notary you will make the "contract" which transfers the property to your name - this is the actual acceptance. In case you are thinking of refusing (i.e because together with a house come… [cont.]
Answered by yiotadelta - Thu Sep 13 18:02:39 2007