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When does a successor trustee take over a trust?

He would also be called upon to serve should you become mentally incapacitated. Most trustmakers act as trustees of their revocable trusts, unlike with an...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Can parents gift children tax free?

Gift Tax Limit: Annual The annual gift tax exclusion is $15,000 for the 2021 tax year. (It was the same for the 2020 tax year.) This is the amount of mone...

Can futures contracts be shorted?

Shorting a stock in the futures segment has no restrictions like shorting the stock in the spot market. So if the underlying value is going down, so would...

Is it bad to have credit card in negative?

While a negative balance may seem like a bad thing for your credit score, it’s actually a neutral situation. Negative balances don’t really help or hurt y...

How long does it take to hear back from a loan application?

How Long Does It Take To Get a Loan? Online Lenders Traditional Banks or Credit Unions Application Time Plan for 15 minutes or so Plan for 15 to 60 minute...

Can you sell a house privately after contract with agent?

Sole agency – When you sign up to a sole agency contract you will be unable to instruct other estate agents during the agreement period. However you will ...

Can you keep your 401k in a Chapter 7?

In bankruptcy, ERISA-qualified 401k plans aren’t property of the bankruptcy estate, so the Chapter 7 bankruptcy trustee can’t seize the fund to pay your d...

Can you get scammed by wire transfer?

U.S. consumers lose millions of dollars each year to fraudsters using wire transfers as part of their scams. In every case, the scam ends the same way – y...

How long does it take mold to form from rain damage?

mildew and mold will develop within 24-48 hours of water exposure. Even worse, it will continue to grow until steps are taken to eliminate the source of m...

How does Heloc repayment work?

Repaying a Home Equity Line of Credit (HELOC) requires payment to the lender, which typically includes both repayment of the loan principal plus monthly i...