None of that really answers m question. I understand that there is not trust until both have passed. My point is, in the old will, it stated everything gets divided up amongst the heirs. In the new will, it goes into a trust to then get divided up amongst the heirs. So, what is the advantage...
My parents each had a will until a few years ago, when, according to my mother, they changed it so that in their wills, after they are both gone, everything goes into a trust, then me as the executor divides everything up between myself and my siblings. Also, there are now two grandchildren in...
@zddoodah - Trying to catch someone who lied is not a bad thing. I don't mean it like that. There were questions about things like drinking, diet, etc. So for example, you are Jewish, but they find a facebook post of you enjoying a BBQ pork sandwich. Not every Jewish person adheres to the...
I work for a company that falls under the category of federal contractor, and as such, we are under the executive order to get vaccinated, or lose our jobs. For various reasons, I did not want to get the vaccine, but I really didn't fall into one of the exemption categories. I could have...
Thank You. I'm not worried how my stimulus would affect my taxes, but how the taxes would affect the stimulus, but dealing with it on the 2021 return makes sense. I guess to rephrase this, to be a bit more sure of things, if someone had sold a ton of stock in 2019 which put them over $75,000...
Our legislators are currently working on another stimulus package, currently with $1,400 to be given out. We'll see if it happens. On the past two, the income cutoff was $75,000, and stepped down from there, so I'm assuming they will keep those guidelines. Here's my question.
My normal...
@hrmorme - Thank You for the response. When you are saying it's not my business, I won't disagree with you as far as they are doing this with their own money. If someone ends up with extra cash in the bank, that's all them. I was just curious how much hot water someone might be looking at...
Under the CARES act, there is the provision to be able to withdraw funds form your 401K, without the usual penalties. And you only have to give your word that it's COVID19 related. The company I work for is trying not to lay anyone off, and is offering to allow you to volunteer to take time...
I've read of cases where some of creditors don't file a proof of claim, which got me wondering what would happen if they all failed to do so. It would seem logical that if there are cases where some don't, why couldn't it happen where none do? I didn't know that the debtor or the trustee could...
What if no proofs of claims field #2
"Does the trustee work for free?
That's one of the ways the trustee gets paid.
I've already told you that.
Okay, closing the thread before things get contentious."
Really man? First of all, NO you DID NOT say that. You jumped my rear for (in your...
Why would the trustee file the proofs of claim? I know there are times when you want them to be filed such as a mortgage where you are keeping the home. But other than that, what would be the purpose?
I understand that in order for a creditor to get paid in a chapter 13 bankruptcy they have to file a proof of claim. It's also my understanding (correct me if I'm wrong) that a 13 has to be set to be either 3 or 5 years long. Just out of curiosity, what if no creditors filed a proof of claim...