Umbrella policies explained and tax gift questions addressed
Reader asks if umbrella liability covers legal expenses from a partner dispute. Bruce explains it raises limits but does not reimburse litigation costs. Additional queries cover charitable giving tax effects, itemized deductions, and gifts to individuals with annual $10,000 limits, noting no gift tax for giver or recipient up to that amount.
MENTIONED IN THIS ARTICLE
Bruce
B.M
Mansfield
Mass
Topeka
Kan
T.M
Waterloo
Iowa
End your qevevens to Snart Money in Eyfers Florida
The note directs sending items to Snart Money at P O Box 503 Eyfers Florida 9eaB0 with an email contact berhiligte net and promises answers in future columns.
MENTIONED IN THIS ARTICLE
P.O
Eyfers
Berhiligte Net
Stocks Fund Luxury Homes Boom In California
Los Angeles AP report shows investors in their 20s and 30s using profits from stock portfolios to make down payments on larger homes amid a bull market. California buyers account for about 15 percent using stock money, with rising values and low interest rates fueling bidding wars and dream-home purchases, while experts warn of overreliance on volatile stocks and possible mortgage trouble if markets fall.
MENTIONED IN THIS ARTICLE
Los Angeles
Wall Street
Dan Summers
Visx
California
California Association of Realtors
Thei
Noug Anderson
Cornerstone Mortgage Corp
Denver
Pretam Fuqua
San Gabriel Valley
Fred Flick
National Association of Realtors
Washington
Betsey Twigg
Virginia
Susan Ratliff
Pasadena
Mark Cowan
Explosions injure workers at Kaiser Aluminum plant
A series of blasts at the Kaiser Aluminum and Chemical Co plant in Gramercy Louisiana injured at least 15 workers. A caustic bauxite sodium hydroxide slurry was released, prompting residents to stay indoors. No fatalities were reported and the plant may be closed for months.
MENTIONED IN THIS ARTICLE
Gramercy
Miles
Kaiser Aluminum and Chemical Co
William Davis
Leon Miller
Mike Edmonson
New Orleans
Edmonson
St. Martin Parish
Willy Martin
Market outlook stays hazy amid rallying Dow and fears
New York AP report notes 17 years into the bull market the Dow rose from 777 in 1982 to over 11,000 this year, with Fed rate moves prompting renewed concerns of overvaluation. Analysts warn stocks rely on earnings growth, as prices remain vulnerable to shifting fundamentals and a persistent wall of worry.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Greenspan
Fed
Edward Yardeni
Deutsche Bank
Alex. Brown
Timothy Vick
Today's Value Investor
Hammond
Ind
Also Mentioned on This Page
K.B
Bruce Williams
U.S
Anderson
Glen Mendell
Silicon Valley
Summers
Ilasts
Kaiser Aluminum
Louisiana
Wjbo-Am
Terry Spontarelli
America Online
Tulsa
Okla
Microtel Inn
Spontarelli
Los Alamos National Laboratory
New Mexico
Oklahoma
Susan Morgan
Peter Crabb
Penn State
New Jersey
Colorado
Cleveland
Suzanne Smithers
Galveston
Texas
Mark Dixon
Barbara Holder
Curtis Holder
Ohio
Hamilton County
Michael Leedy
James Ronald Romo
Orange County
Calif
Tully
Colonie
N.Y
Albany
Mickey Hawkins
FBI
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