Assets

Assets are everything that you own that can be used for the payment of debt. Assets could include cars, a house, land, bank accounts, stocks and bonds, even items like furniture, clothing, jewelry and collectibles. To calculate net worth, subtract everything you owe from the sum total of your assets. Learn more about your assets and what they mean in different transactions on this page.

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Transferring Assets To Children

Added March 23, 2009 by Ilyce R. Glink

There is a five-year look-back provision in which the government can unwind transactions if it proves that the assets were sold to avoid paying for nursing care. There is also a cap of $12,000 for gifting assets to their children. An estate attorney can walk elderly parents through their estate planning options.

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How Long Does It Take To Recover From Identity Theft?

May 19, 2009

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The average identity theft case takes 26 hours to resolve, but you may be dealing with the effects of identity theft for several years. If someone has used your social security number or other personal information to create a synthetic or false identity, chances are they have used your personal…

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