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My father-in-law died last year leaving 10000 in a joint bank account with my wife contents of his apartment 2000 Chevrolet Cavalier and life insurance used for burial. What are our tax liabilities?
Wiki User
∙ 11y ago
There probably will be no tax liability. You need to fill out the tax forms to find out for sure, but that is well below the federal threshold.
Wiki User
∙ 11y ago
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Does an apartment complex have the right to make the tenants get apartment insurance?
They do have the right to make you get insurance.
How expensive is rental insurance for apartment dwellers?
You can get about $10,000 worth of apartment insurance for about $12 a month.
Do I really need contents insurance for my apartment?
If you rent an apartment, you might believe your belongings are protected by insurance. After all, the landlord has to have insurance on the apartment building, right? However, this insurance does not protect you at all. Usually, this type of insurance covers the structure of the complex, as well as a few other areas. It might even cover the structure of your apartment. It will not protect your belongings, though. Apartment contents insurance is what you need.
Where can one get a good apartment insurance?
Good apartment insurance is available at the majority of insurance companies. When considering apartment insurance, note lowest cost does not always equal the best coverage. Amica Insurance and USAA property and Casualty both come highly rated.
Where can you receive Chevrolet insurance?
Chevrolet insurance is offered throughout the territory of the Russian Federation. It is available to car owners of all models of Chevrolet vehicles and offers a wide range of insurance packages.
What are some general liabilities covered by Nationwide's insurance towards businesses?
There are a few general liabilities covered under Nationwide Insurance's general liability plan for businesses. This insurance will cover injury damages, lawsuits and settlements, and violation of copyright.
Does insurance go under assets or liabilities?
If insurance paid in advance then it is asset but if insurance benefit taken and payment not made then it is liability.
What does renters insurance cover in my apartment?
Renters insurance covers things of value in your apartment. It also covers you in case your apartment becomes unlivable and will reimburse rent for temporary living elsewhere.
Why would it be important for tenants of an apartment complex to have insurance on the contents of their apartment?
It is important for tenants of an apartment complex to have insurance on there personal property. Theft fire, and flood are among the biggest reasons to have such a policy.
What are examples of current liabilities?
Short term loans, Insurance prepaid a/c
Can you get liability insurance on land only and not on a home?
Yes, Land owners can and regularly do obtain insurance to cover potential liabilities
Can rental insurance be changed if you move to a different apartment/ complex?
It's best to check with the insurance provider but you should be able to transfer it with no issues as the insurance is for yourself/your belongings, not the apartment building itself.
