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What else can I help you with?
Is Florida an escrow State?
No, Florida is not an escrow state. Florida along with New York are title states. Title states involve real estate attorneys handling the closing of a home purchase.
What would the estate taxes be on a 250000 estate?
In the United States there probably would be no federal tax. The limit in the US is well above a million dollars. Most states do not tax anything under that amount either. Consult a tax attorney or probate attorney in your state.
How old do you have to be in the state of Texas to become a real estate agent?
I think same as other states you need to be at least 18 years of age to be eligible to apply for a real estate license. You can check out Texas Real Estate Commissions website for more details
Can mutual funds and investments as such be seized by creditors?
Possibly. This is an issue where the consumer's state exemption laws apply. Some states protect all types of investments, some protect specific ones, and some states none at all. Sorry, but w/o knowing the state of residency it is not possible to give a more definitive answer.
Can a felon become a real estate broker in Texas?
The person has to face lots of problem for becoming broker. He can read up on the laws for selling real estate in that state, thing is they vary, and not all states require a license. Most of the laws for a given state are online as well.
What did Noah Webster define as a state of exemption from the power or control of another?
Freedom, Noah Webster's American Dictionary declared in 1828, was "a state of exemption from the power or control of another."
If I have a real estate license from one state and relocate to another state do I need to take the real estate course again or can I transfer the existing license?
Some States have reciprocal agreements and some do not. You have to check the Real Estate Commission rules in the state you are relocating to.
What are the inheritance tax laws in the state of RI?
Rhode Island does not have an inheritance tax. However, there is a state estate tax for estates over a certain threshold. The exemption amount for estate tax in Rhode Island is $1,537,656 for 2021.
Can Estate letters of testamentary be used in different states?
No. If the decedent owned property in another state the executor must request Letters Testamentary in that state.
What is the definition of declaration Home Estate?
First, the correct term is "Declaration of Homestead". That refers to the homestead exemption that protects your primary dwelling from forced sale for a debt in most states. In some states the homestead exemption is automatic under state law up to a particular monetary value. You don't need to take any further action once your deed has been recorded. In some states you must execute a written declaration and record it in the land records.
If you're licensed to sell real estate in one state, can you practice in other states?
No, you cannot sell real estate in a state you are not licensed in. Each state has their own laws and guidelines for selling real estate.
May I keep my home if I file bankruptcy?
If it has some equity but not more than the exemption, and if you are current on your mortgage payments. It may also depend on your state homestead laws. Bankruptcy is a Federal Court action and has nothing to do with State Homestead Laws! Equity is irrelevant to whether you can keep your house. It may affect whether you want to reaffirm the mortgages or not. Bankruptcy law specifically allows states to require their exemptions. Most states require you to use state exemption laws, including state homestead exemptions. A handful of states allow you to choose federal or state exemption laws.
What state does Era Real Estate sell in?
The headquarters of Era Real Estate is located in the state of New Jersey. The company has offices in 46 states in the United States as well as in 36 countries throughout the world.
If you have land that is paid off and you are living there in a camper will you lose the land if you file for bankruptcy?
It's not a question of losing the land. It's a question of whether you are entitled to a homestead exemption. Most states do not recognize a camper as the basis for a homestead. Check your state law to see what it allows for homestead and for state exemption and if you have a choice of federal or state exemptions. Then the problemn is how much the land is worth vs. how much the exemption is.
How many states do not touch another state in the USA?
Exactly 2 states do not touch another state; they are Hawaii and Alaska.
Do i pay MA tax on cash inheritances?
In Massachusetts, cash inheritances are not subject to income tax; however, they may be subject to estate taxes if the total value of the deceased's estate exceeds the state's estate tax exemption limit. This means that while you won't pay state income tax on the cash you inherit, the estate itself may owe taxes before distributions are made. Always consult with a tax professional or estate planner for specific guidance based on your situation.
Moving to new house will the taxes remain the same under the homestead exemption act or will I have to pay taxes listed on property?
In most states tax abatements, deferments, and exemptions depend upon the qualifications of the owners of the property. When a property is sold the new owners must apply for any abatement, deferment, or exemption. The property is assessed and taxed as an other taxable property unless you apply for and get approval for homestead exemption status. The qualifying requirements vary from state to state, and some states (Virginia for example) have no homestead exemption at the present time.
