0
What is the tax on money or property that one living person gives to another called?
Wiki User
∙ 11y ago
a gift tax
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
Is a property tax bill same as rent bill?
Rent bill is for the lease or rent to live in an apartment or house and is paid by the person living there. A property tax bill is for taxes on the property and is paid by the owner.
Is a bank account tangible personal property?
Yes. A Bank account is the personal property of the person who owns and operates the bank account. It will be considered an asset for the account owner. Anything that has a monetary value and belongs to someone is called an asset. Since a bank account is worth as much money that is in the account and belongs to a customer, it is the personal property of that person.
A person who writes the check?
The person who writes a check is called the payor. Or in the case of my brother, a sucker, when he writes another check for his girlfriend.
What happens if a person sold a property of a deceased person and used a power of attorney?
A POA is extinguished at the moment of death. If a POA was used to sell the property of a deceased person the sale was null and void. The former attorney-in-fact had no legal interest in the property, couldn't sell it and committed a fraud. The buyer did not get title to the property.
Who is the person who assigns to property for tax purpose?
tax accessor
A person who loves to know what another person life is like?
That can be called "living vicariously threw another" or "jealous".
The act of unlawfully entering into another's property is?
The act of unlawfully entering into another person's property, for instance their home or vehicle, is simply called "unlawful entry". Another word that covers the situation when a person enters property without permission is "trespassing".
A person held in servitude as human property to another is called?
A person held in servitude as human property to another is called a slave. This practice is known as slavery, where individuals are forced to work and have limited or no rights or freedom.
What is the difference between a living will and a living trust?
A will is a document that transfers a person's property to others upon his/her death. This is called a testamentary document. It has no effect to transfer property until the testator dies. A living trust is a document that creates a fund of property, which is administered by the trustee for the benefit of other persons but with certain restrictions or directions on how the fund is to be used. This is called an inter vivos document because it is effective to transfer property during the person's lifetime.
Who is a person who is the property of another person?
Women
What is the difference between a will and a living will?
A will is a document that transfers a person's property to others upon his/her death. This is called a testamentary document. It has no effect to transfer property until the testator dies. A living trust is a document that creates a fund of property, which is administered by the trustee for the benefit of other persons but with certain restrictions or directions on how the fund is to be used. This is called an inter vivos document because it is effective to transfer property during the person's lifetime.
What do you call a person who is the property of another person?
slave
Can a living estate be probated?
No. Probate is a judicial procedure that distributes the estate of a person who has died. A living estate is all the property owned by a living person.
Who is grantor in a living trust?
The grantor in a living trust is the person who executes or creates the trust and then transfers their property to the trustee. After they transfer the property they no longer own it.
Who is the grantor in a living trust?
The grantor in a living trust is the person who executes or creates the trust and then transfers their property to the trustee. After they transfer the property they no longer own it.
Can you assume another person's property tax?
No, property tax varies based on factors like the property's location, size, assessment value, and local tax rates. It's not possible to accurately assume another person's property tax without these specific details.
Stealing of another person's mining property?
a shaft
