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Firearms in the Estate
Inheriting a gun may be OK — shipping it, maybe not. What does a personal representative do when firearms are among the estate assets? Obviously, he or she must take steps to make sure that guns are not loaded, accessible to minors or to others who should not be trusted with firearms, or otherwise creating… read more
Read MorePhantom Income in Estates
“Phantom income” is a term sometimes applied to taxable income you did not know you had, or no one reminded you that you had. Business owners often see it when they use the business income to pay off loans that put capital into the business. The interest may be deductible, but the principal payment is… read more
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