Buying or Leasing Your Next Car
It depends on factors such as 1) what kind of deal you can make with the dealership, 2) the typical mileage you put on your car…
You first need to decide on the type, size and options of the car you would like…
Keep in mind that you are not just looking for a car. You also have to select a dealer with whom you will continue a long-term relationship with…
Like a loan, the monthly lease payment is reliant on the term of the lease, the implied interest rate and the initial “purchase price” of the car…
Lease arrangements come in two different types: open-end or “finance” and closed-end or “walk-away”…
Learn what the total initial costs will be when determining if you want to lease or buy…
Here are a few questions that should be answered before you sign a car lease…
If you owe money at the end of the lease or if you miss a monthly payment, the Lessor is permitted to keep the security deposit…
At the end of the lease period, the federal Consumer Leasing Act (CLA) puts a limit on how much the dealer can collect…
Dealers must disclose the total number of payments, total amount of those payments, a schedule of payments, and the amount of each payment…
The dealer bears the maintenance expenses in a maintenance lease. The opposite is true in a non-maintenance lease…
At the end of your lease term, you may have the option to purchase the car…
You will need to pay an extra charge if you end the lease before the completion date…
It is very similar to a down payment. You may be asked by the dealer to put a certain amount of money down before the lease begins…
Getting Married
Here are some important steps to take for couples that are unmarried…
In the case of death, life insurance will provide a form of income for your dependents, children or whoever is your beneficiary…
All organizations that you had correspondence with while using your unmarried name should be notified…
Definitely. When an important life event occurs such as marriage, it should be updated…
You are entitled to file a joint income tax return upon marriage…
Getting divorced
A plan for the termination of the financial partnership of the marriage is crucial if you are thinking of divorce…
As soon as you know you are going to be getting a divorce…
It is possible to separate yourself from your spouse on your credit report, if the spouse’s credit is hurting yours…
If the name on your account changes, lenders may appraise the application and credit line to decide if your qualifications meet the credit standards…
Make an agreement with your spouse to plan for the legal issues that will be dealt with in the future…
Each state has their own laws regarding the division of property between ex-spouses…
Upon completion of a divorce, individual tax returns will be filed…
If in accordance with the qualified domestic relations order or other order of the court in the case of an IRA, these plans are separated as non-taxable…
Typically no, although specific fees paid for income or estate tax advice due to the divorce may be deductible…
Typically, the custodial parent has the right to the deduction…
Death of a Loved One
The following is a list of papers that will be necessary…
To learn how to handle the following assets of the deceased, speak with your financial advisor. General rules are as follows…
Planning ahead is the best way to avoid overpaying for a family member’s funeral…
If the deceased has paid Social Security for a minimum of ten years, he/she is covered…
It is the legal process of allocating the estate to the lawful heirs as well as paying the debts of the deceased…
The following sums up the different taxes that may need to be paid upon death of a family member…
To refuse all or part of the property that is being passed on to you by a will, intestacy laws or the operation of law…
Of course. If the surviving spouse didn’t remarry before the end of the tax year…
Typically not. Unless the recipient paid for the privilege to collect the life insurance policies, they are non-taxable income…
Typically, yes because it is considered income with regards to the decedent…
The law will pass on the jointly held assets with right of survivorship on to the joint holder…
Other situations
You should first approach the seller of the item. Then, get in touch with the relevant consumer agency. If neither of the previous provides adequate results, a lawsuit can be filed or you may use arbitration…
These tips will help you save on all types of insurance…
These are a few tips to remember to help save money with utility costs…
There are many opportunities due to today’s cost-cutting competition among phone service providers, such as…
The options that follow will help in reducing the cost of your mortgage…