Prince had no will and no estate plan. The result from this lack of action was predictable. Various dubious claims have been filed against the estate from long-lost relatives, alleged illegitimate children and the like.
It is also clear that the estate had to move through the Minnesota probate court. After two years, his six siblings have received zero dollars from an estate worth an estimated $200 million.
Some people, however, have been paid. The IRS and State of Minnesota have been paid along with about $8 million in fees and expenses to lawyers and other experts. Those expenses cut into what the siblings will eventually ...
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In a few words, the In-Marriage QDRO explained
The In-Marriage QDRO a/k/a The Happily Married Couple QDRO allows one spouse to transfer ERISA money (usually in a 401(k) or 403(b)) to the other spouse. The transfer is to an IRA for the receiving spouse, but it can be to cash.
There are many economic and legal reasons to do an In-Marriage QDRO. The most popular application is transferring assets from the older spouse to the younger spouse in order to defer RMD's.
With an In-Marriage QDRO the spouses remain married, there is *no* 10% penalty and there is *no* suspension of contributions by the employer. ...
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The FTC’s cooling-off rule or the 3-day right to cancel
One of the cardinal rules of home improvements is always to get at least two (if not three) estimates. Why? When a homeowner gets more than one estimate, then usually Mr. Market works. Oftentimes there can be a considerable variation in prices. The low price for fungible goods is usually your best value. When "big box" retail home improvement stores came on the scene in recent years (think Home Depot and Lowe's), a whole lot of price competition got injected into the market.
For example, until recently I thought only a Pella dealer could sell Pella doors. Turns out Lowe's sells and installs Pella doors. It is the same product and the door ...
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