Search found 359 matches

by susa
Fri Sep 29, 2017 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Termination of Trust
Replies: 8
Views: 517

Re: Termination of Trust

If this was a revocable inter vivos trust the trustee would only need receipts and releases from all beneficiaries to complete the trust administration. If this was a testamentary trust, it is similar except the trustee normally receives a discharge from the court. The executor has nothing to do wi...
by susa
Fri Sep 29, 2017 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Termination of Trust
Replies: 8
Views: 517

Termination of Trust

As far as I understand it, a trust terminates if/when it runs out of property. Once all assets have been disbursed per trust/will documentation, does the executor have to file some kind of formal "Termination of trust" document ? Trust grantor is deceased and all property in the trust has been sold ...
by susa
Tue Sep 19, 2017 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Reminder: Transition your account
Replies: 2
Views: 485

Reminder: Transition your account

We have multiple "Family" linked account(s) getting the message / emails "Reminder: Transition your account ... We recently invited you to transition your Vanguard mutual fund account to the Vanguard Brokerage Account..." If we do nothing on these accounts -- what happens ? There is no active tradin...
by susa
Sun Sep 10, 2017 8:41 pm
Forum: Personal Consumer Issues
Topic: Costco Open Monday Sep 11 in S. Florida ?
Replies: 6
Views: 1371

Re: Costco Open Monday Sep 11 in S. Florida ?

How would one check for gas stations open Monday Sep 11 ?

All links just feature news about pre-IRMA

Countywide curfews in effect through morning so not even able to drive before 1000 hours
by susa
Sun Sep 10, 2017 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Safe Deposit Box Fee (Bank of America)
Replies: 35
Views: 11205

Re: Safe Deposit Box Fee (Bank of America)

2015 wrote: Yes, BOA charges a few for a SDB. If you want a discount, you can opt to have the fee automatically deducted from your BOA checking account annually.
Näh... they gave up and provided totally gratis SDB when I walked into a branch and asked for it....
by susa
Sun Sep 10, 2017 6:35 pm
Forum: Personal Consumer Issues
Topic: Costco Open Monday Sep 11 in S. Florida ?
Replies: 6
Views: 1371

Costco Open Monday Sep 11 in S. Florida ?

Anyone know how to check ? Costco is listed as one of the vendors with backup generators but as of this moment, over 2.5 million customers are withour FPL power and many of them likely employees of Costco. http://www.broward.org/Hurricane/Stores/Pages/Default.aspx There is no online status check for...
by susa
Thu Sep 07, 2017 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 47363

Re: Equifax customer information leak

...slightly weird, in that the way they tell you whether your info was involved or not is by telling you when you'd be allowed to enroll (for reasons I'm not clear on it's staggered by date). Got a future date with the instruction to return ON or After that date to the same web address. The rest of...
by susa
Wed Sep 06, 2017 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card with large cash (or cash-equivalent) sign-up bonus
Replies: 25
Views: 2970

Re: Credit card with large cash (or cash-equivalent) sign-up bonus

Merill+ Visa card. Do a google search for 50k point sign-up bonus (takes a 10 min phone call rather than an online app). You get 50,000 points after spending $3k in 3 months. With the existing 1% rewards, you get 53k points which can be converted into $530 cash, $583 cash if you deposit into a BoA ...
by susa
Mon Sep 04, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: small claim for 401k
Replies: 12
Views: 1084

Re: small claim for 401k

TIAX wrote: ....serious about going this route, you should consider waiting until he leaves the company.
Ugh, got terminated May 2017 based on OP.
by susa
Sat Aug 19, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Credit card with large cash (or cash-equivalent) sign-up bonus
Replies: 25
Views: 2970

Re: Credit card with large cash (or cash-equivalent) sign-up bonus

Markr867 wrote: How did you generate the $300 checking offer?
Read the list and the detailed comments
https://www.doctorofcredit.com/best-ban ... t-bonuses/
by susa
Fri Aug 18, 2017 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Taxation of credit card rewards (cash back and signup bonuses)
Replies: 25
Views: 3746

Re: Taxation of credit card rewards (cash back and signup bonuses)

Any more datapoints on experience of receiving 1099's of any flavor from Credit Card cash rewards or sign-up (ie. spend 500, get 150 cash back in 60 days) ?

Since we are in Aug 2017, has anything changed from 2016 to 2017 related bank reporting or IRS rules ?
by susa
Fri Aug 11, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Health Savings Account
Replies: 37
Views: 3839

Re: Health Savings Account

Learned something new on HSA's Scenario : Spouse with HSA is 65, hubby is 35 .... all premiums for both can be paid from HSA ... Expanded Benefits After Age 65 At 65, you will also gain some new benefits with your HSA. Certain insurance premiums can be paid tax free with HSA distributions after you ...
by susa
Sat Aug 05, 2017 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One -- Again!
Replies: 53
Views: 9169

Re: Capital One -- Again!

JGoneRiding wrote: In process of switching to Ally for higher rate.
We moved 50k to https://bankoncit.com/

1.30 % and 100.00 bonus
by susa
Fri Aug 04, 2017 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 from estate proceeds that are gifted MAGI impact
Replies: 6
Views: 567

Re: 1099 from estate proceeds that are gifted MAGI impact

Does it make a difference if the person making the gift is making it by declining an inherited share or profits from the estate ? An illustration via numbers (not the actual amount but to make example clear): 1. Estate includes a real property and a grandchild(GC) will purchase it by agreement of al...
by susa
Fri Aug 04, 2017 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 from estate proceeds that are gifted MAGI impact
Replies: 6
Views: 567

Re: 1099 from estate proceeds that are gifted MAGI impact

They are giving as a gift the sum to a grandchild of the deceased.

Please explain this ... you should receive a K-1, not a 1099 ... ?
by susa
Fri Aug 04, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 from estate proceeds that are gifted MAGI impact
Replies: 6
Views: 567

1099 from estate proceeds that are gifted MAGI impact

Scenario: A trust is disbursing (sale) assets according to directions in the deceased persons will. Only real property is being distributed (sold) and every named party will receive a 1099 and every party must prepare their own Sched D, Gross proceeds less basis. Based on preliminary discussion of t...
by susa
Tue Jul 25, 2017 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Driveway On Neighbours Land
Replies: 30
Views: 2307

Re: Driveway On Neighbours Land

mptfan wrote: This made me laugh as I am imagining a statue somewhere that depicts limitations. :D
Image
by susa
Tue Jul 11, 2017 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Costco gift card over balance Cash Only
Replies: 1
Views: 295

Costco gift card over balance Cash Only

News to me, happened today at local Costco warehouse. Used 3 separate Costco Gift Cards to pay for shopping (50,100,200) and still have a 14.00 credit remaining on one gift card. Employee at register says "You can no longer settle your balance using a credit card, should you go over the gift card ba...
by susa
Mon Jul 10, 2017 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Condo association - Does the budget seem sound?
Replies: 14
Views: 1258

Re: Condo association - Does the budget seem sound?

Goshenbogle, Prior to purchase, did you take a "look at the finances" or was this just a discussion, ie. Condo Board approval for them to check your background but they did not share with you the actual financial reports ? Now that "you're on the inside"(*) - what are the dynamics of the board? Do t...
by susa
Mon Jul 10, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Special Needs Trust - what should a trustee not do?
Replies: 20
Views: 1677

Re: Special Needs Trust - what should a trustee not do?

Recently had a discussion with a family about this, their daughter is severely limited and on SS disability and Medicaid. This is what they said : One item they failed to recognize initially was to SPEND THE FUNDS as allocated month / quarterly / annually. Keep a track on how spent and do not keep a...
by susa
Sun Jul 09, 2017 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Enhanced life estate deed (ELED) aka Lady Bird deed
Replies: 0
Views: 213

Enhanced life estate deed (ELED) aka Lady Bird deed

Can real estate that is planned to be transferred from a trust to a relative, using Quit Claim deed be structured as Enhanced life estate deed with multiple owners who will hold title with right of survivorship ? We're planning to move a home to a young relative(1) who has surviving parents but no s...
by susa
Fri Jul 07, 2017 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One $400 bonus for new checking account
Replies: 108
Views: 15805

Re: Capital One $400 bonus for new checking account

Never got an invite email but opened the account on June 26 and pushed 2 deposits from GSBank and CapitalOne posted the 400 bonus today.
by susa
Sun Jul 02, 2017 6:01 am
Forum: Personal Finance (Not Investing)
Topic: Does Quitclaim Deed prevent Title Insurance ?
Replies: 15
Views: 1149

Re: Does Quitclaim Deed prevent Title Insurance ?

The issues are (i) whether the transferee gets the benefit of the transferor's title insurance, and (ii) the type of deed to use.. Prior to the trust being established and prior to the death of trust maker (grantor), the title insurance company went out of business, thus it appears there is no bene...
by susa
Sat Jul 01, 2017 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Does Quitclaim Deed prevent Title Insurance ?
Replies: 15
Views: 1149

Re: Does Quitclaim Deed prevent Title Insurance ?

Deeds have no bearing on a REQUEST for a title search. You pay a standard fee for one. Generally speaking, you get a title search and title insurance, you get a property deeded to you via a quit claim deed, you can then issue a warranty deed when you sell it. At the closing table any mortgages or l...
by susa
Sat Jul 01, 2017 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Does Quitclaim Deed prevent Title Insurance ?
Replies: 15
Views: 1149

Re: Does Quitclaim Deed prevent Title Insurance ?

Why the "warning" about using a Quit Claim Deed vs Warranty Deed ? Can a Trust Executor issue a Warranty Deed to a relative in a manner similar to a Quit Claim (QC) Deed or is this strictly a function for the professionals (ie. Attorney, Title Company) ? Does a Title Company "care" if a Quit Claim D...
by susa
Sat Jul 01, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Does Quitclaim Deed prevent Title Insurance ?
Replies: 15
Views: 1149

Re: Does Quitclaim Deed prevent Title Insurance ?

So, what is the application of this situation, as described here ?
by susa
Sat Jul 01, 2017 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Does Quitclaim Deed prevent Title Insurance ?
Replies: 15
Views: 1149

Does Quitclaim Deed prevent Title Insurance ?

Read http://www.investopedia.com/articles/personal-finance/051614/five-things-know-about-quitclaim-deeds.asp Apparently, if Trust Executor issues a Quitclaim Deed for a family member to transfer a home from deceased relative, there is no Title Insurance or ability to update a previously issued title...
by susa
Sat Jul 01, 2017 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Health Insurance
Replies: 16
Views: 2198

Re: Buying Health Insurance

I'm pretty sure ordering a prescription for a lab test online isn't an option in all states. We have ordered online lab tests in all states for three decades. The selling entity does not care where you live or where you have the lab work done. Check out directlabs and life extension online annual s...
by susa
Fri Jun 23, 2017 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Health Insurance
Replies: 16
Views: 2198

Re: Buying Health Insurance

The labs in my experience can be extremely inflated for people without insurance. Just did Labcorp CBC for 2 persons. Cost was 26 per person, or total 52 and received results via email in PDF format. Covered all normal healthcare blood fractions and cholesterol. No insurance to file or submit. Orde...
by susa
Thu Jun 22, 2017 11:11 am
Forum: Personal Finance (Not Investing)
Topic: What is tax basis for property via Quitclaim Deed
Replies: 7
Views: 845

Re: What is tax basis for property via Quitclaim Deed

Stepped down basis appears to be correct terminology as the property is worth about 50k less than what the previous owner, now deceased, paid. I read the discussion at https://www.bogleheads.org/forum/viewtopic.php?t=189711 Also read https://www.bogleheads.org/wiki/Step-up_in_basis If I understand i...
by susa
Wed Jun 21, 2017 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: What is tax basis for property via Quitclaim Deed
Replies: 7
Views: 845

Re: What is tax basis for property via Quitclaim Deed

Thank you and as followup, what would become the cost basis if property is sold decade out, ie. would it be the price the last owner, now deceased, paid ?
by susa
Wed Jun 21, 2017 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: What is tax basis for property via Quitclaim Deed
Replies: 7
Views: 845

What is tax basis for property via Quitclaim Deed

A family executor is emptying out a trust and is willing to issue a Quitclaim Deed (QD) for a property. For the person who is to receive the QD, they certainly can record the transfer at the county records office but how is the tax basis determined .. ie. for the purpose of paying annual property ta...
by susa
Tue Jun 20, 2017 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Unable to Access POA in Revocable Trust
Replies: 30
Views: 2274

Re: Unable to Access POA in Revocable Trust

So you didn't understand that any POA was void upon death, and then the bank dragged its feet about paying the medical bills, even though the bank (only the bank?) was named as successor trustee? From my reading, TBillT was trying to pay medical bills while the deceased was alive. Bank refused. As ...
by susa
Sun Jun 18, 2017 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating cost of dissolving low value trust assets
Replies: 0
Views: 380

Estimating cost of dissolving low value trust assets

Read this article http://budgeting.thenest.com/dissolving-trust-affects-taxes-21397.html What difference would it make if 1 of 3 beneficiaries of a dissolved trust declines to receive disbursement ? Worded another way with an example: Assume the trust has just one asset, a home valued at 90,000. Eac...
by susa
Fri Jun 16, 2017 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Citi bonus 500 with new account
Replies: 2
Views: 459

Citi bonus 500 with new account

Anyone done the 500 bonus with 50,000 deposit for 60 days ? Requires 2 consecutive months of direct deposits

https://banking.citibank.com/cbol/17/ch ... rospectID=
by susa
Tue May 16, 2017 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: [Unable to locate a] Will
Replies: 6
Views: 785

Re: Will

On the safe deposit box question, check her bank statements as there may be an automatic charge once per year to cover the cost of the box. This will direct you to the correct bank branch. .... but (?) unless the bank has/had a TOD on record, just how easy will it become to access "the box&quo...
by susa
Thu Apr 13, 2017 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Florida Blue cancelled ACA applied plan
Replies: 8
Views: 2097

Re: Florida Blue cancelled ACA applied plan

.. Our insurance was cancelled due to non payment despite paying on time every month. We've spent many hours on the phone with both Florida Blue and the Market place. In our experience, the best way was to escalate at BOTH Marketplace AND FL BCBS to a supervisor/manager and ALSO create a 3-way conf...
by susa
Thu Apr 13, 2017 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage: Husband died, now what?
Replies: 13
Views: 4197

Re: Mortgage: Husband died, now what?

.. if I report to the Register of Wills that the mortgage holder will require me to reapply.. Teresa, indeed a very sad event to experience. A google lookup yielded the following .. ".. The primary function of the Register is to determine whether documents offered for probate should be admitte...
by susa
Sat Apr 01, 2017 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 164
Views: 13325

Re: When do you plan to die?

carolinaman wrote: I am ready when the Lord calls me home..


It appears you already are home, see Genesis 1:28 and Psalm 115:16 ;)
by susa
Wed Mar 22, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Direct Primary Care doctor/clinic
Replies: 2
Views: 556

Direct Primary Care doctor/clinic

Has anyone joined a DPC - basically a concierge medical service?

For us (retired, 60+, MFJ) it would cost 150/month

A little travel is required but not too far
by susa
Mon Mar 20, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: My son wants to move to Hong Kong
Replies: 35
Views: 5250

Re: My son wants to move to Hong Kong

Humility is considered strength in the culture. The ability to master Cantonese (not Mandarin) will become a valuable asset later.
by susa
Sun Mar 19, 2017 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Creating a Will
Replies: 33
Views: 2776

Re: Creating a Will

Several, including totally free, online will maker sites exist. Start from there as it will not cost anything and you can see how the online interview collects all accounts and documents your wishes. You could even use these online tools as a draft to present to an attorney with most of the assets q...
by susa
Mon Mar 13, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: How do you keep spouse informed of family finances?
Replies: 38
Views: 5840

Re: How do you keep spouse informed of family finances?

We use email to send each other at random intervals updates on "Account such and such" and "Balance as of..." and it appears in Google Sheets format so easy to read and sum totals are provided for comparison to last report. Each account has an identifier and we include the kids v...
by susa
Mon Mar 13, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Question about breaking trust
Replies: 18
Views: 1747

Re: Question about breaking trust

I know a case that is just the opposite. The estate was liquidated over a year ago but not yet dispersed. None of the beneficiaries know why or seem to care. This family thinks that if one of them asks questions, that is considered "rocking the boat". They believe it will all unfold in du...
by susa
Thu Mar 09, 2017 7:19 am
Forum: Personal Finance (Not Investing)
Topic: SS taxes
Replies: 26
Views: 3378

Re: SS taxes

See also Taxation of Social Security benefits - Bogleheads In the BH wiki, this section Married taxpayers: If you are a married couple and receive $40,000 in Social Security benefits: None of your benefits are taxable if your other income is less than $12,000. How does the above change for "yo...
by susa
Sun Mar 05, 2017 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Health Insurance
Replies: 16
Views: 2198

Re: Buying Health Insurance

How about just continuing to see the doctor(s) you like and pay cash? All offices visited so far have offered very reasonable cash rate, in fact, surprisingly cheaply as they love the fact that no forms have to be submitted to negotiate payment. No surprise bills after leaving their offices either. ...
by susa
Sun Mar 05, 2017 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a combined RMD and SS tax calculator?
Replies: 13
Views: 1281

Re: Is there a combined RMD and SS tax calculator?

jimb_fromATL wrote:You might want to try the free TaxCaster


Yes, it arrived at about 3400 federal tax owed, that helps.
by susa
Sat Mar 04, 2017 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a combined RMD and SS tax calculator?
Replies: 13
Views: 1281

Re: Is there a combined RMD and SS tax calculator?

After looking at both the Vanguard RMD calc and the SS calc, here are my top level findings RMD's at 34,000 SS at 32,500 For MFJ .. this par. applies: file a joint return, and you and your spouse have a combined income* that is between $32,000 and $44,000, you may have to pay income tax on up to 50 ...