#maybe potentially possibly apply for a con in a couple of months from now

[lemongogo]

ahyways hi . liteally hey .whats up

#ive liteally been doing nothing . except for a jigsaw puzzle n then my brain like exploded thtree times over until i finished it #watche a few mahito clips perchance .. #i acrually watched fhe first four eps of kny swordsmith season can u believe it #i ACTUALLY . sory .my very first kny hater moment . SHOCKKQ. JAWDROPP #i dont think it needs to be as long as it is . 4 eps in n i was like yawn.. THEY R DRAGGING ITT ONWNNNNN #probably my least favorite season or like .. installment .movie included #not the actual storyline i LLAUUVRRREE the kotetsu muichirou tanjirou genya mitsuri development #ESPP HANTENGU AND GYOKKOOOOO #but idk . so mny points in the episodes where u can tell they r kinda stalling for time to meet the requirement #like i wouldve been fine w a smaller season two had uzui cour taken the majority and then swordsmith take like . 6 or smth and then go into #the sun conquering finale from swordsmith #anwyays . ANWYAYAYSSSTTT #ive also been kind telling myself tht i want to #maybe potentially possibly apply for a con in a couple of months from now #but ONLY IFFF I CAN MAKE ENOUGG STUFF BY THEN . as a test . bc if i dont have like .. artworks 2 be converted in2 posters then nvm all of t #that #AWUUGG AUUGGG .but i rly want this so T__T mayve i can plan things out and it will feel easier #i guess ill just have to see if i have the time 2 even do it T__T #sry i just saw so many cool any/c posts i ws like I WANT TO DO THT SOOO BADD

[bettsfic]

life update i guess

ultimately things are not terrible but. there’s just a lot.

i’m working too much to get anything done at my house, which means it’s just sitting there, un-lived-in, while i continue paying the mortgage. it’s not even on the market yet. i had my realtor do a walkthru and start the paperwork, but we’re still maybe weeks out from putting it on the market, and potentially months and months out from sale. the houses in my area have all taken 6+ months to sell. 

my mom wants to get back with her alcoholic husband. i can’t even begin to dip in to this situation because it is so totally fucked, but tldr i am really tired of women prioritizing the shitty men in their lives over their female family/friends. i felt bad about eventually moving to mississippi and leaving my family, but now i don’t.

and now the job. 

yesterday i worked 9am to 10pm and friday i’ll be working 7am to 5pm. the frightening thing is that this is considered the “slow time” of the year, and i’m not even fully onboarded yet, meaning my duties aren’t all implemented yet. so, first problem: the work-life balance here is not reasonable.

the second problem is the disability accommodations issue. HR will not afford me temporary accommodations (like moving cubicles, working from home, etc -- things i think are perfectly reasonable but which they will not budge on without a doctor signing off on it), and i can’t find someone to assess me until mid-july. moreover, i don’t have time to be making calls and find someone who can get me in sooner, because the job packs my calendar every minute of every day. AND the day i have my appointment scheduled is a day i have a mandatory cybersecurity training. so it might be pushed back further. there’s also a chance it’ll take multiple sessions to sign off, so i’m looking at august/september before i get any accommodations, which is the “busy” season.

the question becomes -- can i last that long without accommodations? my cubicle is in the middle of major foot traffic, with my back to the room and a fuckton of noise. i have absolutely no privacy. but mostly i’m not in the office at all, so i don’t know how big of a deal it really is. i can stand it for a few hours at a time. 

those are really the only problems. my accommodations are delayed, and i am encouraged/forced to work 45+ hours a week, and it’s making me feel like i’m handing my entire life away. like last night was the first night fireflies were out, and i wanted to stop and look at them and take pictures, but i was with a group of volunteers and had to consider propriety, and moreover had to move things along so i could go home and sleep. i haven’t had the time or energy to keep revising baby, and i’ve stopped querying agents. everything feels like it’s on hold.

as for the neutralizing stuff -- it’s summer, which for me means depression, so there’s a chance if i didn’t have this job, i would be falling into terrible habits. sleeping in until noon, eating one big meal a day, not getting dressed, only getting a couple things finished in the afternoons, spending too much time on tumblr, getting overly (unhealthily) engaged in fandom. potentially working toward another breakdown. but also, i feel like i’m working toward a different kind of breakdown with this job. and it’s possible i wouldn’t do any of these things because i’m living in a better place now. 

now for the good things!! i do get to teach with this job (but rarely). i finished up a series on health and wellness, in which i taught a group of 11 to 14 year old girls about emotional validation and teamwork. it was so much fun and i really, really loved it. unfortunately i don’t know how frequent these opportunities are. 

i also get to hang out at camp, which is fun for now but i have a feeling it’s going to get old fast. the days are long and hot and there are just so many girls. on tuesday i had a big group of 7 to 9 year olds, which i’m much less familiar with as an age group (they are too young to have seen harry potter, and too old to baby talk at, so i’m lost). friday i’m going to a residential camp and i have no idea what that will be like.

i get to work with volunteers, who are generally amazing and kind and organized, and have the best intentions at heart. these are women who (like in fandom) prioritize community and the greater good, and put love into everything they do. unfortunately, my job is basically to deal with the few bad things peppered among the good -- volunteer disputes, mom entitlement, “my daughter’s cookie reward sleeping bag is broken and i need a new one RIGHT NOW,” etc. there are two moms i know who have a restraining order on a third mom, and i’m grateful i missed that whole thing, because dealing with it would have been my responsibility.

i am constantly driving into the sticks, which would be a negative for most people but is amazing for me. the places i serve are all out in the middle of nowhere, these tiny towns with only a couple roads apiece, and take an hour or more to get to. i get great mileage reimbursement and fabulous future writing fodder. moms and kids and small town drama -- this is all the stuff i love to write, and i’m getting a lot of great aesthetic from it, but no energy to write anything that isn’t fic (which is energy-filling for me rather than draining).

and my favorite thing is that i am doing Good Things. i really love this organization and believe in it, and working here is the first time i’ve really felt like i’m making the world better instead of worse. the more i learn about it and everything it does, the more i love its structure and purpose. the people who work there are such good and kind people, and the work they all do is genuinely, unequivocally amazing. 

there is just a lot of it, and it doesn’t pay well.

no matter what, i’ll only be there a year (i’m doing a phd in mississippi but deferred my acceptance), and they don’t know that, and i feel bad for deceiving them. i feel bad for joining these volunteer communities with the assumption i’ll be around a while and make friends. and as much as i need the health insurance, it’ll take a long time to find doctors and get appointments for all the specialists i need, and then i’ll be moving out of the state and having to find new doctors anyway.

so my options are thus:

stick with the job for a year

pros: no stress about paying mortgage while house is on the market, ability to buy stuff i need and pay off my car, save up for big move, structure/keeping busy over summer when i’m normally really depressed, ability to do meaningful work i believe in, really good health insurance

cons: no time/energy to write, guilt over deception of coworkers and volunteers, a potentially unmanageable amount of stress, poor work/life balance, not a lot of teaching

resign and return to alma mater to teach comp next semester

pros: summer off to work on my house/writing/freelance work, don’t dread waking up every day, may potentially be able to move to mississippi in winter and start the phd spring semester

cons: no income over summer, no health insurance for the rest of the year (and will have to re-apply for medicaid), lack of structure may make me more depressed, i hate teaching comp (and i would have 3 sections of it, god help me -- but at least i’d be teaching)

this is the pickle i am in. i know this is a lot to read but mostly i wrote it for myself, to see it all written out. half of me thinks it’ll get better and right now i’m only intimidated by the workload because i don’t have an expertise in the job yet, and once i do, it’ll be a breeze, or at least more good days than bad ones. this is also the part of me that wants a backup plan post-phd in case i can’t do academia anymore and my writing career tanks. the other part of me is like, this is useless, you’re a writer and a teacher, why are you bothering doing anything that’s not writing or teaching? and that is also the part of me that’s like, lol you are not a neurotypical person, you are always going to struggle in these types of environments, and you have an environment available to you in which you do not struggle, so go for that instead (even if the pay is shitty and has no benefits). 

i just don’t know.

#sns

[welllpthisishappening]

A Touch of (March) Madness (1/2)

Emma can't quite remember how it started or why it happened, just that it did and she wants to win. Desperately. To prove something. Probably.

Or just to beat Killian. Either or. It doesn't matter.

She's picked her teams and her upsets and she's got a string of trash talk ready for any potential on-court situation. They're not playing the game, but they're playing a game and this one might change everything.

Rating: Teen’ish. Trash talking requires swearing.  Word Count: 9.1K HA.  AN: I owe @laurnorder​ my fic-writing soul, so when she texted me a couple weeks ago and was like...”It’s March, I think you should write basketball fic,” I was like...ok. And because I cannot rationalize Killian Jones playing basketball unless he’s some kind of JJ Reddick-type asshole, here are a lot of words about over-competitive friends and brackets and (maybe my very specific, personal) college basketball opinions. I will be honest and tell you guys this is definitely the most sports niche’y thing I have written and you probably need a general working knowledge of what the NCAA Tournament is, but there’s banter and eventual makeouts because of who I am as a person. Thank you, as always, to @distant-rose​ & @katie-dub​ for being endless sources of support and general fantastic’ness.  Also on Ao3 if that’s how you roll.

Selection Sunday

“Can you just pick?”

“No.” “No? Did you tell me that you can’t pick? Are you physically incapable of making your picks then? Because that would almost explain some of your choices last year.” Killian doesn’t lift his head up, keeping his eyes trained on the small stack of papers in front of him and Emma cannot sigh loudly enough. His lips twitch slightly.

“This is not that hard,” she says and it’s hardly the first time she’s told him that, but it doesn’t seem to be making much of a difference and it’s nearly eleven o’clock at night.

“You say that like you’ve got a title to defend, Swan,” Killian mutters. “This is a tried and true system with several minutes of actual research put into it and long-standing biases that have helped shape the sport for what it is.” “Overflowing with controversy?” Emma asks glibly, jumping onto the edge of the counter and kicking out towards him. “Deception? Disgrace?” “You’re trying to goad me into quoting something, it’s not going to work.”

She sighs, but she absolutely was and his pen sounds impossibly loud in the otherwise relative silence of the apartment. Mary Margaret fell asleep hours ago.

“That’s stupid,” Emma grumbles, drawing a quiet laugh out of Killian and she probably should have left already. She’s not sure why she hasn’t. Well, no, that’s a lie, but her apartment is far enough uptown that it’s probably better if she takes an Uber and she’s fairly certain they’re doing construction on the 2-train anyway.

Killian will probably make her take an Uber.

David’s probably got it on speed dial already.

“You really haven’t picked yet?” Emma continues and Killian shakes his head slowly, eyes darting up and she’s glad she’s already sitting down. “That’s also stupid. What’s your system, then?” “Excuse me?” “You said you had a tried and true system, explain it then, o ye master of competition.” Killian smirks, one eyebrow pulled dangerously high and Emma knows she’s not going to get an answer. “You know, I’m starting to think your compliments are ringing a little hollow there, Swan. I’ll admit that’s disappointing, but, again, I’ve got a title to defend and I’ll probably feel a lot better when I beat you all this year. Again. As per usual.”

He tugs a different pen from behind his ear – Emma dimly remembers something about color coding and possible upsets getting a different ink, but she’s fairly certain that it’s all conjecture just to annoy her. His tongue is pressed into the corner of his mouth and it’s as infuriating as it is distracting because he’s absolutely right.

They’ve been at it for what has felt like actual days, crowding, as tradition dictates, onto the couch in Mary Margaret and David’s apartment for the selection show

And, as tradition dictates, they complain about every single seed and the pros and cons of Syracuse making it again – ”They finished tenth in the ACC, that’s just insulting to the rest of the field. “We know, David.” “What even is an Orange? That’s a fruit. That’s not a mascot. That’s not intimidating me at all.” We know, David.” “If I were Mt. St. Mary’s, I’d sue.” “We know, David.” – and eat a questionable amount of Indian food from the place that is, technically, closer to Killian’s apartment, but he knows their orders by heart now and he got Emma an extra samosa, so she’s not ever going to complain.

Unless it’s about how goddamn long it’s taking him to fill out his bracket.

It’s March and there’s still, somehow, snow on the ground in New York, but Emma’s just brought in some perp she’d been trailing for the last month and she’s got the next week off. It is, officially, the most wonderful time of the year.

And she can’t even really remember how it all started.

Technically, it probably started when she landed in the Nolan house several decades before, a vaguely jaded orphan no one had ever really wanted until Ruth Nolan did and decided, quite quickly, to give Emma the world.

And a brother she didn’t ask for.

Emma and David didn’t get along at first. They argued and bickered and they were the same age and he had that annoying, incredibly nice friend who lived down the street in Storybrooke who, at one point, Emma was convinced could talk to birds.

Emma was a frustrated, bitter eleven-year-old and the new girl again and Storybrooke, as far as she was concerned, was the absolutely worst. Until she tried to run away – and Mary Margaret found her.

It was Mary Margaret’s birthday and Emma couldn’t stomach the idea of another party and another town event at Granny’s and she slipped out the backdoor and...couldn’t get any farther. Mary Margaret showed up, exactly, twenty-seven minutes later to find Emma huddled in the corner of the alley, shoulders shaking and disappointment looming over her like a storm cloud and she did the single most Mary Margaret thing that Mary Margaret had ever done.

She hugged her.

And then went to bring her a slice of ice cream cake.

It got better after that.

Mary Margaret kept smiling and, presumably, talking to birds and Emma stopped picking fights with David just because he was there.

They were some kind of three-headed monster – never more than a few feet apart and speaking in blinks and tilts of heads when they had to and no one was surprised to discover that all three of them applied to the same school.

Xavier.

Naturally. They were already like the three musketeers.

And it was good and great and a slew of other adjectives for three musketeers who’d never really experienced the world, until David got assigned a new roommate second semester freshman year and Emma Swan hated Killian Jones with a passion strong enough to rival several suns.

He hated her right back.

Loudly. With a string of curses that regularly made Mary Margaret blush and left David smacking Killian’s shoulder, mumbling that’s my sister, man under his breath.

He was smug and far too good looking and he did that thing with his eyebrow that made Emma’s stomach twist and she would show up in his room unannounced and laugh when he couldn't quite scrape by a passing grade in that one business class they both took together.

The good looking thing wasn’t important.

And the bracket thing had been Mary Margaret’s idea.

Naturally. Again.

“Maybe if we’re doing something fun, you won’t hate him so much,” Mary Margaret reasoned and Emma hadn’t argued, much, because it was a chance to beat Killian Jones at something and then make sure he never forgot about it for the rest of his life.

Only Killian Jones was, actually, really, really good at picking teams in the goddamn NCAA Tournament.

“He’s some kind of soothsayer, I swear,” Emma shouted, her own bracket torn to shreds  and she still hated him, but he was always around and Mary Margaret and David had started acknowledging the longing looks they kept sending each other’s way that January.

“I think he’s got an algorithm or something,” David muttered.

Emma spun on the spot, glaring metaphorical daggers because she didn’t have any real daggers, and Killian held his hands up in mock surrender.

“There’s no algorithm,” he said. “Just a very good gut instinct and proclivity to being right.”

“God, you’re such an ass,” Emma groaned. “I bet you’re the only person in the country who picked that upset.” He shrugged.

And defended his inaugural title. For three years straight.

No one ever asked if they wanted to keep going, even after college and jobs and life, but no one asked if they all wanted to move to New York City either.

It just kind of happened.

And Emma just kind of stopped hating Killian.

He got under her skin. Or something less disgusting.

“Swan,” Killian says, jerking her out of memories and back to reality and she has no idea where she actually put her bracket.

“Yeah,” she mumbles and he’s smiling at her. Not smirking. No stupid eyebrow thing. A real, genuine smile and she wonders when that started making her breath catch and her eyes widen just a bit. “Here,” she adds when he stands up, eyeing her like she’s lost her mind. She might have. It’s probably with her bracket.

“I can see that. Although here seems a bit more physical and a hell of a lot less mental.” “Was that an insult? That sounded incredibly insulting.” Killian shakes his head, crossing the tiny space masquerading as a kitchen in three steps and his hand lands on her knee like there are magnets involved. “Not an insult,” he promises. “A genuine show of concern when you look like you’re trying to teleport back home.” “None of these words are making sense the way you’re saying them.” “Sounds like a sign.” “And an insult,” Emma hisses, kicking him in the shin. That feels a bit more normal. “Are you finally done?” “Mmhm.” “That’s awfully smug.” There’s the eyebrow arch.

“You’ve got quite a few opinions on my bracket, Swan,” Killian says and he’s started tapping his fingers on her jeans. Emma swallows. “I think it’s a defense mechanism.” “I think you’re refusing to talk about your so-called methods for picking teams because you know your good luck has finally run out and you’re nervous about what will happen if you don’t live up to expectations.”

She regrets the words as soon as they’re out of her mouth, Killian’s fingers going deathly still when her mouth snaps closed and Emma bites her tongue to stop herself from doing anything else quite that stupid – like crying while sitting on the counter in David and Mary Margaret’s apartment.

And maybe she knows exactly when she stopped hating Killian.

“Purdue,” he says, ducking into her eye line and Emma has to blink, at least, sixty-seven times because the whole thing is ridiculous.

“What?” “Purdue. I picked Purdue to win.” “For real?” Killian tilts his head. “Why would I lie about that?” “I honestly have no idea, “ Emma admits. “But I’ve kind of lost track of the conversation and...honestly, Purdue though?” “You have something against Purdue, Swan?”

“No,” she snaps, shoving lightly at his shoulder and his gasps like it actually hurt. His hand is still on her knee. “But, like, why?” “That seems to fall decidedly in the realm of giving away my plan.”

Emma groans loudly, drawing a set of footsteps that were absolutely eavesdropping on the conversation and David hands her the bracket she filled out hours ago as soon as he’s within arms reach.

Killian’s hand is gone.

That’s fine. It’s fine. Cool. Totally cool. God, she can’t believe she just thought that.  

“You’re going homer again, this year, huh, Em?” David asks, phone already out and she nods so he can order her the goddamn Uber.

She scowls, eyes darting Killian’s direction before she can stop herself and he’s trying very hard not to smirk at her. It’s not really working.

“I am going with a potential winner this year,” Emma corrects archly. “If it just so happens that I pick our alma mater, then, you know, so be it. It’s their year.” “Did the boosters get you to say that?” “How far do you have them going?” "Far.” “That’s not an answer,” she mutters, but it sounds more like a growl and they’re definitely going to wake Mary Margaret up at some point. “When did we all decide to descend into secrecy over our brackets? M’s told me as she was filling hers out.” “That’s because Mary Margaret is not trying to win,” Killian points out. One of the pens is back behind his ear, arms crossed lightly over his chest and there’s really not enough room for all of them in this quasi-kitchen.

Emma rolls her eyes, but it’s probably true and Mary Margaret regularly makes her picks based on nicknames, color schemes and the overall creepiness of mascots.

She’s never picked Providence. Ever.

“Whatever,” Emma mutters. “We’ve all reached a brand-new level of super strange competitiveness. I picked Xavier to win, not just because we all possess degrees from that school and they’ve now started calling asking for money, which I think is a sign of actual adulthood, but because they’ve got a good team this year and I genuinely believe they can win a national championship.”

“Because it’s their year, right?” David asks and he can’t quite keep the laughter out of his voice. Emma flips him off. “Honestly though, Em, tell me something. Did you...did you rehearse that?” “Oh my God, you’re even worse than him.”

She jerks her hand in Killian’s direction and he makes a good show of being affronted, but there’s something lingering just on the edge of his expression that makes her wonder all sorts of things she shouldn’t even be thinking.

“These insults, Swan,” Killian grins. “And you do remember that Xavier lost to Villanova twice this year, right?”

“Villanova lost to St. John’s. At home. When they were the top team in the country.” “That’s a good point,” David mumbles, but Killian and Emma both wave him off and this is almost, painfully, normal. “Xavier still won the Big East outright,” she argues. “First time in like...I don’t know, whatever it was historic.” “Not the tournament and if you’re going to bring up facts, you need them to be accurate. That’s arguing one-oh-one..” “Why are you so against a Xavier run?” “I’m not,” he says. “I’m simply pointing out that Xavier has a habit of fucking up once they get to the later rounds. It happens every year.” “If you say tried and true I will get off this counter and punch you right in the face.”

Killian laughs, head thrown back and shoulders shaking and Mary Margaret makes noise from wherever she fell asleep. Hours ago. “I wasn’t going to,” he says lightly and maybe Emma’s got food poisoning from that extra samosa. It would explain whatever is going on with her brain and her thought processes and whatever her whole being does as soon as Killian’s hand lands on her knee. “These are just facts, Swan. And David picked Arizona.” “What?” Emma gasps, laughing as well when David starts cursing Killian to several different underworlds. “Oh my God, David, seriously? You want to talk about a team that disappoints regularly. Plus all that off-court shit! No way they even make the Sweet 16.” “They’ve got the best freshman in the country,” David reasons. “This is a sound choice. And I’m doing some kind of thing this year.”

Mary Margaret pads into the kitchen when Emma can’t bring herself to stop laughing, a blanket tugged tightly around her shoulders and sleep clinging to every one of her movements. “It’s a Wildcat movement,” she mumbles. “He’s picking Wildcat teams this year.” “What?” Emma asks. Killian is barely standing up.

“Wildcats. He's picking as many Wildcats teams because he thinks it’s funny.” “And because it makes sense,” David adds sharply, rolling his shoulder when Emma grips it to try and stay upright. “Or it would have if I’d been able to get it to work, but Midwest doesn’t have any Wildcats--” “What team,” Emma interrupts and Mary Margaret drops her blanket when she starts laughing, shouting back Wildcats on cue.

David rolls his eyes. “Anyway,” he continues pointedly. “I got three of four, so that’s a majority and it’s totally going to work because an Arizona and Villanova final is not only probable, I’m guaranteeing it.” “Wow, talking a big game.” “I’m confident. That’s all. And I’m tired of Jones winning every goddamn year, so I’m willing to do whatever it takes. “It’s not going to work,” Killian says easily and the other pen is in his back pocket. Emma can feel Mary Margaret staring at her. “I’ve got a system. And I’ve got consistency on my side. And nicknames or mascots or whatever don’t have anything to do with it.”

“Yeah, yeah, so you’re always saying,” David grumbles. “You know what? Get out of my apartment and take your research with you because I’m not walking down the hall to put that in the garbage disposal.” “I mean, it should probably be recycling, right?” Emma asks, sliding off the counter and she’s suddenly far closer to Killian that she anticipated. She’s ninety-two percent positive he moved.

“You can get out of my apartment too. Your car is here, anyway.” “Ok, well, that’s rude, but thanks for the ride. Go back to sleep, M’s.”

Mary Margaret salutes, already halfway down the hallway and Emma glances Killian’s direction before she can lose her nerve. “You want a ride?” He blinks, like he’s trying to make sure he heard her right, and Emma chews on the inside of her lip, willing her stomach to act like an actual part of human anatomy.

He nods before he answers.

“Yeah, sure, Swan,” Killian says, grabbing his stack of paperwork and his ridiculous number of pens and they both sit in the backseat of an Uber on their way uptown.

They don’t say anything for the first dozen or so blocks, a companionable silence Emma never would have considered possible when she was a sophomore in college and spent most of her free time trying to figure out what Killian’s deal was.

She’s still not entirely sure she knows.

It’s a work in progress.

Or something.

Whatever.

“I can hear you thinking,” Killian says, gaze flitting her direction. “It’s very loud.” Emma bites her lip – mostly so she won’t smile and he won’t lord that over her for the rest of time. “Is it distracting?” she asks, but it feels like a much bigger question.

“No. Just general curiosity.”

“Because you claim to hear my thoughts. That’s...you know that’s weird, right?” “Only because you’re making it weird,” Killian challenges and they’re at his apartment already. Emma’s not disappointed by that. God, she needs to sleep for the entire week she’s off. She can’t. She’s got basketball to watch.

And a bracket to defend.

“God,” Emma sighs, rolling her head on the back of the seat and top of her hair is damp from resting on the window. “Do you have to be right about absolutely everything? Or do you just get a kick out of arguing with me?” “Did you just use the phrase get a kick, Swan? That’s...did we teleport in this Uber?” “Get out.” “I’m asking a genuine question.” “And I’m telling you to get out.”

He blinks, lips pressed together tightly enough that it’s difficult to make them out in the dim light from the street lamps and the Uber driver is getting more and more pissed off by the second. And suddenly it’s like that day and Killian’s face does something stupid, softens or settles more into him, like he’s seeing Emma for the first time and pleasantly surprised to find her there.

She’s going to bite her lip in half.

“You know I’ve got Friday off,” he says and maybe they did teleport.

Emma lowers her eyebrows, tilting her slightly and if he doesn’t stop smiling at her she’s going to get out of the Uber and walk the rest of the way home. “What does that mean?” “Are you confused by the words or…” “God, stop being a dick!”

The Uber driver snorts.

Killian glares at him.

“I’m saying that I know you caught that guy last week and now August requires you to take at least five days off to recoup or make sure you actually get the kind of sleep a human being needs to function. Which means that you, presumably, will be home screaming at your TV--” “--I don’t scream at my TV.”

“Swan, sometimes you get up and actually try and play defense with the team. It might be my favorite thing you do.” “Ok, well, if this is just some twisted way for you to make fun of my questionable interest in college basketball then…”

Emma trails off when she notices the look on his face – another expression she’ll probably file away in that metaphorical file she’s absolutely, positively not keeping because they’re kind of friends now and that’s cool.

She can’t believe she just thought the word cool.

“What?” Emma asks, the word coming out like a whisper and her lip is bleeding.

“I wouldn’t do that, Swan.

“Anymore.” He shakes his head, the muscles in his throat moving when he swallows and maybe whatever place they’ve teleported to has slightly brighter street lamps because the blue in his eyes seems to get sharper when he looks up at her.

“No,” Killian says. “Not anymore.” “So...was there an offer or an invitation in there or…” He grins. “I’ve got Friday off and I know you’ve got Friday off and I’ve got a better takeout selection than you do.” “See, you’ve just gotta add in those last, little insults don’t you?”

“You blink quicker when you get angry, did you know that?”

Emma shoves at his shoulder, like that will do anything at all, but he’s always had impossibly quick reflexes and she’s not even surprised when his fingers wrap around her wrist. She’s a bit more surprised by whatever her heart does in response and she’s fairly certain it’s the most he’s ever touched her in a 24-hour span. Or, like, a two-hour span.

“You want me to come here on Friday so we can watch basketball together?” Emma asks skeptically. Killian’s nodding before she can get the question out, eyes a hint wider when he tries to speak without actually speaking. “I think your team plays on Friday.” “I’m aware of the schedule, Swan. Xavier does too.” “It’s weird that you’ve memorized it already.” He hums noncommittally, but he really does have better takeout near his apartment and an exceptionally good coffee maker that Emma will undoubtedly use several times and, well, it might be kind of nice.

They’re friends now.

They spend time together. On their own. It’ll be fine.

Cool. It’ll be cool. Cool, cool, cool.

“Was anyone actually going to get out of the car or….” the Uber driver starts and Emma can’t quite mask her laugh. “Because I’ve got other fares I could be taking and…” “Yeah, yeah, I’m leaving,” Killian promises, twisting behind him to open the door and it’s fucking freezing outside. He glances back at Emma, one leg on the sidewalk already. “Friday?” There’s something just on the edge of that too, but Emma can’t quite figure it out and the Uber driver is the single most impatient person on the planet. She nods before she can come up with any of the reasons it will not be cool.

“Yeah,” she says. “Friday.”

He flashes her a smile, rolling his eyes at whatever noise the Uber driver makes when he kicks at the door and Emma’s fairly positive she doesn’t mishear him when he leaves, the quiet see you later, love ringing in her ears for the rest of the night.

  The Play-In Games

David Nolan, Tuesday, 7:53 p.m.: Did we know that LIU Brooklyn was in the tournament? Emma Swan, 7:54 p.m.: It’s a play-in game it doesn’t count.

David Nolan, 7:55 p.m.: Also, what channel is TruTV?

Emma Swan, 7:55 p.m.: I’ll repeat myself.

Mary Margaret Blanchard, 7:56 p.m.: They’re playing a game, it definitely counts! They’re doing their best. And almost winning, kind of. Emma Swan, 7:57 p.m.: They are not almost winning. Where is LIU in Brooklyn? Shouldn’t it be...on Long Island.

Emma Swan, 8 p.m.: ????

Killian Jones, 8:01 p.m.: It’s right near Barclays.

Emma Swan, 8:03 p.m.: Why do you know that? Who knows that? No one. No one knows that.

Killian Jones, 8:04 p.m.: I know everything. You know this, Swan.

David Nolan, 8:07 p.m.: Guys. Seriously. This is a group text.

Emma Swan, 8:08 p.m.: Did you pick them?

Emma Swan, 8:15 p.m.: ……. Honestly, Jones? The tournament has started you can tell us who you picked.

Emma Swan, 8:17 p.m.: Killian, seriously!

David Nolan, 8:18 p.m.: This. Is. A. Group. Text.  

Emma scowls when LIU Brooklyn shoots like garbage in the second half and loses its opening-round game and she’s already picked one team wrong, which doesn’t seem like a very good sign. Her phone dings almost immediately.

Killian Jones, 8:59 p.m.: I didn’t pick them. Did you?

Blackbirds are stupid mascots.

David Nolan, Wednesday, 11:37 p.m.: WHAT THE FUCK IS AN ORANGE, ANYWAY?!?

Killian Jones, 11:38 p.m.: Bahahahahahahahahaha.

David Nolan, 11:40 p.m.: Screw you, Killian.

Emma Swan, 11:42 p.m.: Did you put a period after your maniacal laughter?

Killian Jones, 11:44 p.m.: Proper punctuation is important when you’re lording your basketball-picking ability over your lesser competition, Swan. And I take offense at maniacal. It was reserved, at worst.

Emma Swan, 11:44 p.m.: Think very highly of yourself, don’t you?

Killian Jones, 11:45 p.m.: The Pac-12 is garbage. ASU was never going to win. Syracuse plays in the ACC. Strength of schedule is important.

Killian Jones, 11:45 p.m.: Plus, no college kid knows how to play against a zone.

Emma Swan, 11:46 p.m.: You shoot out of it. That’s just...that’s basic.

Killian Jones, 11:47 p.m.: Tell Arizona State that.

David Nolan, 11:49 p.m.: This. Is. A. Group. Text.

 The First Round, Thursday, Day One

Emma sinks into the corner of her couch, hair still a bit damp from the shower she probably should have taken hours before, but she’s officially in basketball mode and basketball mode requires her to be as lazy as humanly possible while watching college-age kids be the exact opposite for the next twelve hours.

It sounds weirder out loud than it does in her head.

LIU Brooklyn was the only misstep in her First Four picks and, really, that was more of a technicality because most brackets don’t require First Four picks, but they’re all a bunch of over-competitive weirdos and they do it anyway.

She still has no idea what Killian’s bracket looks like.

It’s probably frustratingly accurate, but there are sixteen games that day which means there are sixteen chances for him to be wrong, which is really all she wants.

And maybe she’s the most competitive weirdo of all.

Because Emma really, really likes winning and she liked it a hell of a lot more the one time she beat Killian the first March after undergrad, but she doesn’t hate Killian nearly as much as she did before.

It's a very confusing sentence and a very confusing thought and she needs to watch some of these games to distract her from whatever her mind has been doing over the last few days – replaying that Uber ride and the slight shake in his voice when he asked about Friday, like he was scared she’d say no or like, maybe, it meant something good and big and important and it felt a bit like déjà vu because his voice had done the same, exact thing when she decided she didn’t hate him.

He’d just defended his championship, making sure to point it out as often and loudly as possible, a few days into April and Emma desperately needed the Benadryl she knew David kept in a box under his bed in the apartment just off campus.

She considered going back to her own room – only a few blocks away with her own stock of Benadryl because pollen seemed to exist only to ruin her life every April – but Emma was fairly convinced her nose was about to fall off and she was walking through the door before she even realized she’d taken her key out.

And Killian nearly ran her over as soon as she walked through the threshold.

“Swan,” he slurred, eyes a bit glazed and an actual bottle in his hand. He wobbled when he stopped to glare at her, a sneer to his lips that had become almost too familiar at that point. “What are you doing here?” Emma shook her head, kicking back to close the door and Killian winced when it slammed into its frame. “What the hell is wrong with you?” she asked, reaching out to tug the bottle out of his hand. He tightened his hold. “It’s like...two in the afternoon.” “Ah, well, then we’ve clearly fallen behind schedule. You want a drink, love? There’s a few options in the kitchen, although I’m not willing to share the rum.” “Not your love,” she said, mostly out of habit and he stumbled when she took another step towards him. “Seriously, what the hell is going on with you? You can’t even stand up straight.”

“That, my dear, is the point.” Emma glared, pressing her tongue on the inside of her cheek and it probably would have been intimidating if she didn’t sneeze very loudly two seconds later. It shook through whole body, leaving her sniffling and red-nosed and Killian was staring at her like she’d been replaced with a cyborg as soon as she lifted her head up.

“What?” Emma grumbled, sniffling again.

Killian opened his mouth, only to close it three more times and Emma realized, rather suddenly, that they’d never really had a conversation about….anything. They’d circled around each other for more than a year and had almost gotten the hang of small talk when David and Mary Margaret started making eyes at each other, but there was no depth to any of it.

She’d never asked about his hand – the prosthetic at the end of his left arm catching her attention the very first time she met him, but David had glared at her and the questions got caught in her throat and no one ever gave her an explanation. She’d never even really asked how he ended up at Xavier or why he was a year older than all of them with far fewer credits and he kept taking six classes a semester.

She hadn’t really ever bothered.

That felt decidedly….wrong.

Killian had, simply, come blazing into their lives like some kind of dying star or possibly a comet and Emma didn’t know enough about space to make those kinds of comparisons, but the dying part seemed particularly apt at the moment.

“David’s not here,” Killian said softly, a note of something that might have been disappointment in his voice. “He and Mary Margaret had class and then they were going somewhere to be painfully adorable so…” “So you decided to drink your entire alcohol supply?” “No, no, that had nothing to do with their proclivity to romance. Quite the opposite, in fact.” “That was a lot of very fancy words for a guy who’s having a difficult time staying upright,” Emma pointed out, tapping her finger lightly on his chest and it looked like he’d frozen. “Honestly, you’re really not going to tell me what’s going on with you?” Killian tilted his head, gaze a hint sharper than it had been a moment before and Emma bit her lip. Tightly. “It’s not exactly like we’re friends, Swan. Or even acquaintances, really. You tolerate at me, at best.”

“Ok, well, you don’t really like me either,” Emma argued. “You think I’m…” “What? Please. Tell me exactly what I think about you.”

She stomped her foot, growling low in the back of her throat and Killian did something absolutely ridiculous with his eyebrows. “Fine, fine,” she hissed. “You want to get blasted in the middle of the afternoon, fine. I couldn't care less. I came here to steal some of David’s allergy medicine because the world is attacking me. So I will go get that and then you can get back to your one-person pity party of whatever it is you’re being pitiful about.”

Emma nodded once, like that had won whatever argument they’d been staging, stepping around him towards David’s room, but she barely made it one step before Killian’s fingers wrapped around her shoulder.

“Did you say the world was attacking you?” he asked and it was the last question she expected.

“Yeah. I’m, uh...super allergic to pollen. Spring is, like, my own personal brand of hell.” Killian hummed, taking another swig of whatever was in the bottle – the label had peeled off at some point – before offering it to her. “It’s almost better than Benadryl,” he said and it felt like a much bigger offer.

She took the bottle and the rum – it was rum, incredibly good rum that probably cost a questionable amount of money – shivering when it burned the back of her throat and settled in the pit of her stomach and it almost felt like she could breathe a little better.

“He really never told you?” Killian continued softly. “David, I mean. He knows...the whole thing.” Emma shook her head. “David wouldn’t do that. Not if you didn’t want him to.” “Well, I mean, they’re dead, so it’s not as if they’re going to be offended by me talking about them behind their back.” “What?” “There really is almost a reasonable explanation for the alcohol.”

“Ok,” Emma muttered, nodding in the direction of the second-hand couch in the corner of the room. “But we really should sit down for this because you honestly look like shit and I don’t know that I’ll be able to do anything if you fall over.” Killian scoffed, but he didn’t argue and they spent the next forty-six and a half minutes sitting on opposite sides of the couch, passing the bottle back and forth and he told her everything.

He told her about Liam and Milah and the accident that took both of them at the same time and how he was fairly positive it was some kind of absurd joke when he woke up in the hospital bed, eighteen years old with one less hand than he expected.

He told her about getting out of that town and trying to decide what do next and how to honor both of them without living in the past.

It wasn’t easy, but there were classes and loans and his brother always thought Killian could do anything, so he figured he might as well. He ended up at Xavier by chance, a scholarship that just sort of landed in his lap and a business program that was good and great and a slew of other adjectives that might have included insane because--

“Liam would have been thirty today,” Killian said, taking his time on the words and he kept staring at a piece of string on the one couch cushion in between them. “And he would have hated that I did…” He waved his hand through the air, as if that was enough description, smiling softly when Emma pulled the bottle back to her side of the couch. “But I woke up this morning and I got another shit grade in that marketing class and I can’t…” “So then don’t,” Emma shrugged. Her words felt heavy, hanging on the tip of her tongue and jumbling in the air and Killian stared at her like she was that cyborg again.

“What?”

“Don’t,” she repeated. “Do something else.” “Like...what?” “Anything. You’re minoring in something, right?” Killian nodded slowly, groaning when she wouldn’t relinquish control of the bottle. They’d put quite a dent in it. “Classics,” he said. “You know...Greeks and myths and that kind of thing.” “So do that.” “That’s not really how it works, Swan. And this is sounding incredibly out of character. I wasn’t aware you were so positive.” “Ok, first of all, that’s rude and, second of all, I have known Mary Margaret for nearly a decade now, so some of that is bound to rub off. And third of--” “--There’s a third thing?” Killian asked incredulously and he grinned when Emma stuck her tongue out.

“There would be if you’d let me finish,” she muttered. “Everything you’ve just told me about your brother makes it seem like he was Mary Margaret levels of supportive, right?” Killian hummed again. Emma rolled her eyes. “So then he thought you should major in business because, what, there were careers in it?” Killian shrugged.

“God, you’re the most frustrating drunk in the world, you know that? We’ll go with that theory for now because there are also jobs in the classics and you could...I don’t know, you could teach or something.” “What?” “We are going in circles.” Killian shook his head, like he was trying to work through some more fog or metaphorical cobwebs and Emma felt the muscles in her face shift. She was smiling.

She was smiling at him.

“I just think you could do it,” she said, absolutely ignoring whatever Killian’s entire being did as soon as the words fell out of her. She took another swig of rum. “And I bet your brother would have too. You shouldn’t have to be worried about a marketing grade.”

He didn’t say anything for several days, at least, and Emma had never been particularly good at patience and she wasn’t entirely prepared for--

“I’m sorry,” Killian whispered, leaning forward to rest his hand on one of her knees. Emma suddenly felt far more drunk than she was. “For, well, for all of it. Being a dick and...being a dick.”

Emma’s smile widened, ducking her head and she sneezed when her hair brushed her nose. “Yeah, me too,” she said. “Truce?” She stuck her hand out and, eventually, she’d blame the rum and whatever he was doing with his face, but in the moment it made a hell of a lot of sense and Killian’s fingers were warm.

“Truce,” he echoed.

Emma never got the Benadryl, but they finished the rum and Mary Margaret’s laughter woke both of them up where they’d fallen asleep on the couch.

He changed his major two days later.

And, now, Emma can’t stop thinking about that day and what it meant or, maybe, means because things got better, but Killian is still David’s friend and Emma is still David’s sister and she’s definitely thinking about this way too much.

Particularly when there’s an upset brewing.

“Oh shit,” Emma breathes, reaching for her phone because she totally picked this one. She absolutely picked this one. “C’mon, c’mon, c’mon,” she mutters and patience is still not one of her strong suits.

He picks up on the third ring.

“What?” Killian whispers. “Is someone dead?” Emma nearly drops her phone. “No, what? Why?” “Swan, it is four in the afternoon. I have class. I am in class.” “Why did you answer your phone, then?” “You called me, love,” he says like it’s obvious and it kind of is and it makes every single one of her internal organs do something stupid. “So just to double check. No one is dead? David and Mary Margaret are fine?” “Presumably.” “Swan.” “Yes,” Emma sighs. “David and Mary Margaret are both fine. I just...well, it sounds stupid now. Are you actually in class? Aren’t there rules about that?”

“In a normal class, sure, but I’m a fantastic professor and my rules are much cooler than a normal class. And,” he adds, ignoring her not-so-quiet laughter completely. “It’s March, Swan. Early’ish March. There are midterms, you know.”

“Is that why you have tomorrow off?” “Mmmhmmm.”

“Oh, shit, does it make me a bad friend that I didn’t know that?” “I don’t expect you to have my schedule memorized, love.”

That’s two loves in the same conversation and, maybe, three in the last week and it’s not like Emma’s counting, but she isn’t not counting and--

“Yeah, but I feel like I should know that,” she continues. “Are you talking on the phone with me in the middle of a midterm? Because that’s also kind of shitty.” “I went outside. Figured if there was some kind of death notice imminent then I should be away from the prying eyes of undergrads.” “That is...morbid.” Killian laughs and Emma’s organs are just, like, on fire at that point. “I’ve been reading a lot of essays about the Underworld recently. It’s put me in a mood.” “Maybe I should bring more alcohol tomorrow.” “I wouldn’t say no, although we probably should wait until the later games for that, don’t you think?”

“Look at you, a picture of responsibility,” Emma says and her cheeks are starting to ache. She refuses to acknowledge the symmetry of her thoughts and their current conversation and he never brought it up again.  

He just changed majors and started taking more classes and went to grad school and he had a satchel now. She teased him about it mercilessly.

“Sometimes,” Killian admits. "Why’d you call, Swan?” “Did you pick Loyola Chicago?”

“Excuse me?” “First-round games. Loyola Chicago. Did you pick them beating Miami because they just beat Miami. I know you didn’t pick this so--” “--Of course I did.”

Emma blinks. “What?” “I definitely picked them. I think they could make a run. How’d they win?” “No, no, you don’t get that,” Emma mutters and he’s laughing again, free and easy and she wishes he were there. So she could kick him. Or something else. Whatever. “You can’t be serious. What the fuck is Loyola Chicago even?” “Presumably it’s a school,” he reasons. “And you might want to watch that, Swan because my research shows they’ve got some kind of nun on their side and I don’t think you want to jinx yourself like that.” “I’m going to murder you.” “You’ve just jinxed it.”

Emma makes some kind of noise in the back of her throat and it’s not particularly human, but it draws another laugh out of Killian and at least she also picked the upset. “I can’t believe you researched Loyola Chicago,” she says. “Why?” “Swan, we’ve been over this, there’s a system and it’s tried and true and I’m sharing it with you. Also Miami has been streaky all season. That was an easy upset.”

“Of course it was.” “Anything else to report?” “Don’t you have some kind of internal update that lets you know when your bracket stays perfect? That way your ego never takes a hit?” “That’s rude, Swan. And, no, I don’t. C’mon, update me.”

She does – spends the next five minutes giving him a run down of the early games and the pros and cons of Trae Young leaving Oklahoma after his first year, of which there are many because his jump shot is off sometimes, Killian, you know it, I know it, NBA front office knows it and she’s almost surprised when he mutters that he has to actually go acknowledge his class eventually.

“Oh, right, right, right,” Emma stammers, but she’s ninety-nine percent positive Killian is still smiling. “And I think Collin Sexton is a better freshman than Trae Young and whoever that Arizona kid David was talking about.” “I’ve got no doubt you’re right, love,” Killian says. Her body, possibly, explodes. “You want to tag-team David when Arizona gets upset later on tonight?” “Arizona’s not going to get upset later on tonight.”

Her phone dings as soon as the Arizona game ends and Emma’s watched enough basketball that her brain is starting to get a bit muddled, but she can still spot a monumental sporting moment and Arizona got upset.

By Buffalo.

Mary Margaret Nolan, 11:57 p.m.: Please do not say anything. He threw the remote.

Emma Swan, 11:57 p.m.: Uh oh.

Mary Margaret Nolan, 11:59 p.m.: I’m serious, Emma.

Emma Swan, 12 a.m.: I said no words.

Killian Jones, 12:02 a.m.: I will gladly say words. Off-court issues are on-court problems and Sean Miller is a terrible coach. Go back to Dayton.

Emma Swan, 12:03 a.m.: Were you...just talking to Sean Miller? Via text?

Killian Jones, 12:03 a.m.: Yes. Also I will repeat myself from the First Four. The Pac 12 is terrible. You picked the wrong Wildcat, David.

Emma Swan, 12:04 a.m.: It’s unfortunate, but you know, someone’s got to be out first, David. It just so happened you were first on the first day.

Emma Swan, 12:04 a.m.: The very first day.

Emma Swan, 12:04 a.m.: The first one.

Killian Jones, 12:05 a.m.: As early as possible.

David Nolan, 12:11 a.m.: THIS. IS. A. GROUP. TEXT.

The First Round, Friday, Day Two

“It’s freezing and I’m here and I bought really expensive rum!”

The lock to his building clicks and Emma doesn’t exactly race up the stairs, but she doesn’t just walk up the stairs and by the time she makes it to the third floor there’s a stitch in her side that leaves her just a bit breathless.

Killian’s eyebrows are doing something ridiculous.

“You ok, Swan?” he asks, stepping out of the doorway and grabbing the bottle before she can object. “Did you run here?” She sticks her tongue out in response, pushing lightly on his shoulder and she really does lose her breath at the sight in front of her. There’s already a pre-game show on TV and two more screens and some kind of projector thing hooked up to his laptop and Emma can feel Killian behind her, something that feels like nerves rolling off him.

“Wow,” she breathes. “That’s just...wow.” He makes a noncommittal noise, more nerves and caution and Emma wonders if her week-long thought process makes a bit more sense than she originally thought. But that’s only more confusing and she kind of wants to drink some of the rum now.

“It’s really not that impressive,” Killian promises, dropping into the corner of his couch with forced casualness. “The laptops are mine and I borrowed the projector thing from school and there are a lot of games, so I figured…” Emma nods slowly, trying to take it all in and it might be the nicest thing that’s happened to her in several years. “You figured right,” she promises. “You going to let me see your bracket then?”

It’s enough to break the tension or the nerves or anything else that isn’t the sort of normal she and Killian have settled into and the couch creaks when she sits down.

“I think you’re obsessed with my bracket, love,” Killian says. She’s still not counting. “And, no, you can't look yet. Not until it's over.”

She rolls her eyes, but doesn't really argue because there's a game starting and she doesn't really want to argue. They’re both more than vocal when Cincinnati plays, shouting a string of insults that gets progressively more crass throughout the game.

And they’re somewhere in the middle of the schedule, debating when they should order food and how qualified Emma is to operate the coffee maker on the other side of the apartment, when she decides fuck it, she’s going to ask.

Or something a little less crass.

“Why’d you pick Purdue?” Emma asks. “Honestly?” The question catches Killian short, eyes widening until there’s far too much blue there and it looks a little like the Creighton uniforms on TV, which is, honestly, the single most absurd thing she’s ever thought.

“And please don’t make a quip about being obsessed again,” Emma adds. “It’s stupid and a deflection and--” “That’s where Liam wanted to go,” Killian cuts in, voice scratchy and emotional and she knows her mouth drops open. She’s not sure she’s breathing.

Her lungs have been through the wringer all day.

“I have no idea why,” he continues and he’s not looking at her anymore. “It makes no sense whatsoever because Purdue is several states away from where we grew up, but he did and he thought a Boilermaker was some kind of fantastic mascot and I think he kind of wanted to be an engineer? But then my mom died and he had to take care of me so--” “That wasn’t your fault.” They need to stop interrupting each other. They need to stop having these emotionally-charged conversations in the middle of a basketball marathon with takeout menus everywhere.

They probably should have done this before.

“That sounded suspiciously like a compliment, Swan,” Killian grins. “And you didn’t even make a joke about Purdue’s top kid getting hurt.” “You think I’d make jokes about kids getting hurt?” He sobers for a moment, eyes darting to hers immediately and the whole word seems to shift when he shakes his head. “No,” he mutters, but it sounds like several admissions and some kind of major sporting moment and Emma tries to remember how important oxygen is to the human body. “I know you wouldn’t do that.” “You’re kind of a sap, you know that?” Killian chuckles softly, leaning forward and his hand is on her knee again. Time, it seems, is some kind of twisted circle.

“Sometimes,” he agrees. “I’m glad you’re here, love.”

Emma’s mouth goes dry at the sincerity in his voice, the hint of hopefulness on the edge of his gaze, like he means it and has been waiting to tell her for several years. She can feel the flush in her cheeks, teeth digging into her lower lip and his hand tightens a fraction of an inch.

He doesn’t flinch when hers lands on top.

She considers twisting their fingers together, but there have already been enough upsets and that team with the nun mascot was all over social media the night before, so Emma figures the world only allows so many surprises in a twenty-four hour span.

“Yeah, me too,” she says instead and she might think about his answering smile for the next week. “You want to order some food?”

They order way too much food and eat way too much food and Emma almost expects Killian’s cheers when they both start yelling during the Xavier game.

It’s easy and simple and they watch every single moment of every single game, only pausing a few times to answer David’s manic texts once UMBC takes a lead into halftime against Virginia.

“He thinks they’re going to win,” Emma mutters, but she’s standing and pacing, mumbling instructions under her breath.

Killian arches an eyebrow. “Do you not, love? As predicted, you’re playing defense. And rooting against your own pick.” “Aren’t you? I thought we determined you were a giant, sentimental sap?” “I’m not sure we settled on that turn of phrase, particularly, but to answer your question, of course I am. A little bracket chaos never hurt anyone.” “Plus you’re a great, big history nerd.” “You know none of these compliments sound much like compliments.”

Emma flashes him a smile, but her gaze darts back to the TV when Jim Nantz’s voice reaches a previously unachieved register and she’s not sure she’s ever heard of UMBC before.

They’re up double digits.

“I’m definitely complimenting you,” Emma promises. “And you know…” She waves her hand towards the screen, rolling her eyes when her phone makes more noise. Killian hasn’t blinked since the takeout got cold. He’s staring at her like he’s trying to read her mind or figure out what league UMBC plays in and they’re equally disconcerting and exciting because there’s more history to be made.

Maybe.

Emma hates her own metaphors.

“I don’t,” he mutters, gaze steady and just a hint imploring. Like he wants to know. Desperately.

“Well, maybe you deserve some compliments,” Emma starts. “And, you know...maybe I’m kind of a sap too. Rooting for the underdogs and upsets and picking the alma mater because there’s some history and...cut me off whenever.” He shakes his head, standing up slowly, and he’s in her space a moment later, one hand on the curve of her shoulder – as if he’s trying to make sure she’s there or keep her there and there are only a few minutes left in the game.

“That’s not a bad thing, Swan,” Killian says. “You’re allowed to care about things.”

“Yeah, sometimes those have a habit of blowing up in my face. The underdogs disappoint. That’s just how it works.” They are drowning in metaphors.

And he showed up on her doorstep a little over a year ago when she and Neal dissolved into whatever they weren’t, got her to let him into the apartment and brought her an entire box of samosas. He slept on her couch.

The buzzer on the TV goes off.

UMBC won.

History made.

Or something less sentimental.

“Not always,” Killian breathes, but Emma hears him perfectly and she’s, at least, seventy-six percent positive he’s going to kiss her when her phone dings, at least, seventy-six times.

She’s not sure which one of them groans louder.

“David needs a hobby,” Emma grumbles.

“This is his hobby.” ‘Well, then he needs a new one. This is just…” “Yeah, exactly.” “Why did that sound like an insult?” Killian makes a dismissive noise, an air of frustration lingering around him and Emma needs to go home. She doesn’t really want to go home. “It wasn’t,” Killian says. “It was just…” He’s going to do damage to his neck if he keeps shaking his head, but Emma’s forgotten how to hold a conversation and she’s too busy being stunned by the next words out of his mouth to be worried about saying anything except--

“What?” “It’s late,” he mumbles. “And you’re going to get surge pricing and you can just stay here.”

That’s what she thought he said.

Huh.

“Oh,” Emma blinks. “That’s um...are you sure?” That’s not what she expects to say.

Huh.

Again.

Killian nods. It’s a nice change of pace. So is the smile and that one lock of hair on his forehead and his hand is still on her arm.

“Yeah, yeah, it makes sense, right?” he asks. “And then you can raid the coffee again in the morning. It’s a win-win for you.” “Ok,” Emma says, a quick agreement that seems to rush out of her and into the air molecules where it lingers for several history-making, relationship-changing moments. “Ok.”

He absolutely refuses to let her sleep on the couch and Emma doesn’t argue, just smiles and lets herself be silently charmed by it and of course he has extra toothbrushes in the bathroom cabinet. She falls asleep under the questionable number of blankets on his bed, a smile lingering on her face and in her soul or something equally ridiculous and he doesn’t say anything when she drinks four cups of coffee the next morning.

#cs ff #captain swan #cs #cs fic #captain swan ff #a touch of (march) madness #spoiler: i have a lot of college basketball thoughts #like...more college basketball thoughts than hockey thoughts

[asafeatherwould]

Is There An Inheritance Tax In Utah?

There is no need for Utah residents to worry about a state estate or inheritance tax. Utah doesn’t impose these types of charges. As a part of Probate Law, some states impose an inheritance tax. Now, this may change, so if you’re reading this you should still call and get your free consultation, because laws change all the time. An estate tax is where a tax is levied on people who owned property in the state where they stayed. Inheritance tax is a tax levied on people who inherit property from a person who lived there. Even though Utah does not collect inheritance tax, you may end up paying for it in another estate, if you inherit property from someone who lived in a state that levies inheritance tax. The following states have inheritance tax Iowa, Kentucky, Nebraska, New Jersey, Pennsylvania, and Maryland. The inheritance tax will depend on the amount you inherited and how close you were to the deceased person. If there is a surviving spouse, they do not need to pay any inheritance tax. The good news is that some states exempt small inheritances. There could be a federal estate tax bill. However, this happens only if the deceased person left millions in assets. This type of tax comes from the estate of the person who died.

Utah estate tax

There are 38 states with no estate tax, and Utah is one of them

What is the estate tax?

Sometimes, an estate tax is known as a death tax. It is a tax levied on the estate of a person who died recently. It is for the money and the assets in the estate before they are distributed to the heirs of the deceased person. The only states that are subject to the estate tax are the ones which can reach a legally defined threshold.

Inheritance tax

Inheritance tax applies to the money after it has been disbursed to the beneficiaries who are responsible for paying taxes. In Utah, the inheritance tax is not levied. However, if someone from a state that collects inheritance tax leaves your property, then you have to pay for the fee. If you inherit property or money from someone out of –state, ensure that you check the laws first. It is always advised that you become prepared for the tax instead of finding out later that you were to pay a tax bill and you did not pay.

Gift tax

The federal government levies tax on gifts of money or property about a certain amount. If a state does not have such a charge, someone who has a significant amount of estate can give out a large portion of their property before they die to escape all the taxes imposed on the property. Therefore, a gift tax is known to work as a backstop to the estate tax. However, only a few people pay for gift tax in their lifetime. A gift program can help to reduce overall transfer taxes substantially. However, planning and getting committed to proceed with the gifts is much required.

Federal estate tax

Even though Utah has no estate tax, there is still a federal estate tax that you have to take care of. The federal government may impose some tax on your property when you die. There is always an exemption for the federal tax for property worth .18 million or more. This exemption also applies to a married couple who can handle up to $22.36 million. Beyond that, they are liable to pay this tax whose top rate is 40%

Inheritance tax, like any other tax, has its advantages and disadvantages. In Utah, they are missing out on the benefits that come along with imposing an inheritance tax. However, they are enjoying when they evade the disadvantages that are brought about by inheritance tax.

Pros of inheritance tax

It cuts down the levels of inequality

In the playing field, the haves is being favored more than the have nots. However, this tax helps bring equality to all of them. By imposing this tax on those who have property above specific amounts, the US government uses this money to fund projects and create employment opportunities for those who are financially down. Therefore, everyone benefits from the tax.

Charitable donations increase

Because of this tax, many people who have a lot of wealth donate it to the less fortunate and charity organizations to reduce their overall net worth and evade this, as well as many taxes. As a result, their tax liabilities after their death is diminished and in exchange, the social programs needed by the world right now are funded, and they keep on helping the less fortunate and the financially unstable

It is as a reward to success

The average income in the United States is just above $5ok annually. This is like 1% of the exemption for this tax. Practically, an estate that is worth $10 million would have a potential tax liability of $2 million because the $5 million is above the exemption threshold. This means that success is still recognized ad rewarded even though the tax levels are quite high on this amount. This is because the estate still possesses a large amount of money, property, and assets to hand down to its heirs.

Special rules apply to specific industries

As a result of the nature of this tax, small businesses are exempted from paying it. However, there are particular farms and family businesses that may go beyond the threshold of million through the real estate assets that they possess. To be able to avoid unnecessary burdens to heirs, there are special rules set aside for such businesses, to prevent the tax from being applied on them.

It is progressive

Inheritance tax is progressive. The more people receive inheritance beyond the exemptions limit, the more the charge they will have to pay. Therefore, most of the burden of the tax falls on the shoulders of the wealthy in the society, and it gives the government the chance to level the playing field by distributing the property again to those in need.

Cons of inheritance tax

Probably, what has made Utah get rid of inheritance tax is a stepping stone to them. Their reasons are merely the cons of inheritance tax as listed below:

Some people see it as a form of income redistribution

The American dream has always revolved around pulling up your socks by your bootstraps to make life possible for yourself. If you happen to die, then all the wealth you attained and the success you had should not die with you, yet this is what inheritance tax tries to achieve in the eyes of some people. The government tries to pull out a massive amount of money that you had worked extra hard for yourself and your family and then uses it for helping the people who have not been able to experience the same levels of success. This does not sound fair at all because it is your death which determines the redistribution of your hard-earned wealth

It is quite expensive to get an evaluation of assets that will be proper

Although inheritance tax raises billions every year, it is less than 1% of the overall revenues that are brought in every year in the government finance kit.

To make matters worse, the cost of bringing in this cash has the highest per capita compared to other tax revenues because the government incurs significant levels of expense in evaluating and collecting the revenues from the heirs. Therefore, unnecessary procedures and revenues are committed to bringing the inheritance tax on board and yet it is bringing minimal revenues to the table

It can force families to sell their businesses

In places where inheritance tax is levied, there is protection for small companies such that they do not get burdened by this tax. However, few businesses fall through the cracks every year. A couple of companies end up selling their assets so that they can be able to meet the requirements levied on them by the government to meet the tax. This does not consider the welfare of these families. What will happen after they have sold their businesses? Maybe the deceased was there, and after that, they cannot be able to meet the expenses, and with no companies at hand, it can be quite hard on them

It reduces the available capital

Even though a business can get through the inheritance tax, the amount that is owed goes a long way to limit the amount of liquid cash that the heirs will be able to access. This can push them to be potentially bankrupt or drive the company out of business after some time because of the liabilities that come along with the tax. In some situations, some of the income being taxed may have already been taxed through other methods. This comes up with a case that benefits the government only.

What happens to your inheritance?

Your heirs will take over your loan

In most cases, federal law permits the transfer of the credit to a close relative or an heir once you die. In most of the home loans, there is a due-on-sale or acceleration clause that allows a lender to demand immediate and full payment upon transfer or sale of the home; however, removals due to death are exempt. This is an indication that your heirs would have o take on your home loan with the same interest rate and the equal payment that you have. However, this does not just happen like that. There are legal procedures which have to be followed like filing a will or letters of administration on probate court.

Your heirs may refinance your home loan

If an heir decides to keep a home, in most situations, they will have to refinance the loan, especially if they are in a position to get a lower interest rate or reduced monthly payments. If the heirs are not financially stable to finance the new loan, they can always agree to pay every month and still keep the house.

Your heirs may get your property free and clear

You may make your relatives lucky if you have some estate. This estate may have enough funds to finance the mortgage or pay off the loan. You have to indicate in your will the assets that you possess and give directions on the way they can be sold to retire the mortgage. If you had a mortgage protection insurance policy, it would help a great deal by automatically paying off the loan balance. It is advised that you have the insurance policy if your relatives or the heirs are not financially stable enough to make the payments or afford a refinancing.

Your heirs may not afford the monthly payments

If the mortgage becomes too hard for your heirs to handle, they may decide to sell the home or walk away. And in most cases, heirs walk away when they cannot meet the burden. Mostly, the instances where the house is worth less than the balance on the mortgage, most heirs see walking away as the wisest decision. However, there are cases when there is a sentimental attachment between the heirs and the home. In such a scenario, you can always try to work out something with the lender and agree on new terms of payment. Some lenders may forgive some of the debts, but in rare cases.

You took out a reverse mortgage before your death

A reverse mortgage is considered to be a lien to the home. When there is no co-borrower or the co-borrower is also dead or is no longer living in the house, the loan becomes due when the borrower dies. The heirs will only be able to inherit the house itself if the reverse mortgage balance can be paid off without having to sell the property. To achieve this, your heirs will be forced to pay off the balance together with the cash from the estate or another source or finally take out a new loan. The most expected outcome is that your heirs will inherit whatever equity is left after the home is sold and the lender gets paid.

Plan Your Estate

The pros and cons of inheritance tax show how vital and no-important the fee is. In Utah, the cons overweighed the, and probably that is why they decided to cut it out. What do you think? Is inheritance tax worth it?

Estate Lawyer Free Consultation

When you need help with an estate in Utah, please call Ascent Law for your free consultation [phone]. We want to help you.

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: [phone]

Ascent Law LLC

4.9 stars – based on 67 reviews

Recent Posts

Probate Lawyer Bluffdale Utah

Estate Planning Terms

Chapter 13 Bankruptcy

Annulments

Corporate Lawyer American Fork Utah

Can A Wife Claim Her Husband’s Property In Divorce?

Source: https://www.ascentlawfirm.com/is-there-an-inheritance-tax-in-utah/

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Is There An Inheritance Tax In Utah?

There is no need for Utah residents to worry about a state estate or inheritance tax. Utah doesn’t impose these types of charges. As a part of Probate Law, some states impose an inheritance tax. Now, this may change, so if you’re reading this you should still call and get your free consultation, because laws change all the time. An estate tax is where a tax is levied on people who owned property in the state where they stayed. Inheritance tax is a tax levied on people who inherit property from a person who lived there. Even though Utah does not collect inheritance tax, you may end up paying for it in another estate, if you inherit property from someone who lived in a state that levies inheritance tax. The following states have inheritance tax Iowa, Kentucky, Nebraska, New Jersey, Pennsylvania, and Maryland. The inheritance tax will depend on the amount you inherited and how close you were to the deceased person. If there is a surviving spouse, they do not need to pay any inheritance tax. The good news is that some states exempt small inheritances. There could be a federal estate tax bill. However, this happens only if the deceased person left millions in assets. This type of tax comes from the estate of the person who died.

Utah estate tax

There are 38 states with no estate tax, and Utah is one of them

What is the estate tax?

Sometimes, an estate tax is known as a death tax. It is a tax levied on the estate of a person who died recently. It is for the money and the assets in the estate before they are distributed to the heirs of the deceased person. The only states that are subject to the estate tax are the ones which can reach a legally defined threshold.

Inheritance tax

Inheritance tax applies to the money after it has been disbursed to the beneficiaries who are responsible for paying taxes. In Utah, the inheritance tax is not levied. However, if someone from a state that collects inheritance tax leaves your property, then you have to pay for the fee. If you inherit property or money from someone out of –state, ensure that you check the laws first. It is always advised that you become prepared for the tax instead of finding out later that you were to pay a tax bill and you did not pay.

Gift tax

The federal government levies tax on gifts of money or property about a certain amount. If a state does not have such a charge, someone who has a significant amount of estate can give out a large portion of their property before they die to escape all the taxes imposed on the property. Therefore, a gift tax is known to work as a backstop to the estate tax. However, only a few people pay for gift tax in their lifetime. A gift program can help to reduce overall transfer taxes substantially. However, planning and getting committed to proceed with the gifts is much required.

Federal estate tax

Even though Utah has no estate tax, there is still a federal estate tax that you have to take care of. The federal government may impose some tax on your property when you die. There is always an exemption for the federal tax for property worth .18 million or more. This exemption also applies to a married couple who can handle up to $22.36 million. Beyond that, they are liable to pay this tax whose top rate is 40%

Inheritance tax, like any other tax, has its advantages and disadvantages. In Utah, they are missing out on the benefits that come along with imposing an inheritance tax. However, they are enjoying when they evade the disadvantages that are brought about by inheritance tax.

Pros of inheritance tax

It cuts down the levels of inequality

In the playing field, the haves is being favored more than the have nots. However, this tax helps bring equality to all of them. By imposing this tax on those who have property above specific amounts, the US government uses this money to fund projects and create employment opportunities for those who are financially down. Therefore, everyone benefits from the tax.

Charitable donations increase

Because of this tax, many people who have a lot of wealth donate it to the less fortunate and charity organizations to reduce their overall net worth and evade this, as well as many taxes. As a result, their tax liabilities after their death is diminished and in exchange, the social programs needed by the world right now are funded, and they keep on helping the less fortunate and the financially unstable

It is as a reward to success

The average income in the United States is just above $5ok annually. This is like 1% of the exemption for this tax. Practically, an estate that is worth $10 million would have a potential tax liability of $2 million because the $5 million is above the exemption threshold. This means that success is still recognized ad rewarded even though the tax levels are quite high on this amount. This is because the estate still possesses a large amount of money, property, and assets to hand down to its heirs.

Special rules apply to specific industries

As a result of the nature of this tax, small businesses are exempted from paying it. However, there are particular farms and family businesses that may go beyond the threshold of million through the real estate assets that they possess. To be able to avoid unnecessary burdens to heirs, there are special rules set aside for such businesses, to prevent the tax from being applied on them.

It is progressive

Inheritance tax is progressive. The more people receive inheritance beyond the exemptions limit, the more the charge they will have to pay. Therefore, most of the burden of the tax falls on the shoulders of the wealthy in the society, and it gives the government the chance to level the playing field by distributing the property again to those in need.

Cons of inheritance tax

Probably, what has made Utah get rid of inheritance tax is a stepping stone to them. Their reasons are merely the cons of inheritance tax as listed below:

Some people see it as a form of income redistribution

The American dream has always revolved around pulling up your socks by your bootstraps to make life possible for yourself. If you happen to die, then all the wealth you attained and the success you had should not die with you, yet this is what inheritance tax tries to achieve in the eyes of some people. The government tries to pull out a massive amount of money that you had worked extra hard for yourself and your family and then uses it for helping the people who have not been able to experience the same levels of success. This does not sound fair at all because it is your death which determines the redistribution of your hard-earned wealth

It is quite expensive to get an evaluation of assets that will be proper

Although inheritance tax raises billions every year, it is less than 1% of the overall revenues that are brought in every year in the government finance kit.

To make matters worse, the cost of bringing in this cash has the highest per capita compared to other tax revenues because the government incurs significant levels of expense in evaluating and collecting the revenues from the heirs. Therefore, unnecessary procedures and revenues are committed to bringing the inheritance tax on board and yet it is bringing minimal revenues to the table

It can force families to sell their businesses

In places where inheritance tax is levied, there is protection for small companies such that they do not get burdened by this tax. However, few businesses fall through the cracks every year. A couple of companies end up selling their assets so that they can be able to meet the requirements levied on them by the government to meet the tax. This does not consider the welfare of these families. What will happen after they have sold their businesses? Maybe the deceased was there, and after that, they cannot be able to meet the expenses, and with no companies at hand, it can be quite hard on them

It reduces the available capital

Even though a business can get through the inheritance tax, the amount that is owed goes a long way to limit the amount of liquid cash that the heirs will be able to access. This can push them to be potentially bankrupt or drive the company out of business after some time because of the liabilities that come along with the tax. In some situations, some of the income being taxed may have already been taxed through other methods. This comes up with a case that benefits the government only.

What happens to your inheritance?

Your heirs will take over your loan

In most cases, federal law permits the transfer of the credit to a close relative or an heir once you die. In most of the home loans, there is a due-on-sale or acceleration clause that allows a lender to demand immediate and full payment upon transfer or sale of the home; however, removals due to death are exempt. This is an indication that your heirs would have o take on your home loan with the same interest rate and the equal payment that you have. However, this does not just happen like that. There are legal procedures which have to be followed like filing a will or letters of administration on probate court.

Your heirs may refinance your home loan

If an heir decides to keep a home, in most situations, they will have to refinance the loan, especially if they are in a position to get a lower interest rate or reduced monthly payments. If the heirs are not financially stable to finance the new loan, they can always agree to pay every month and still keep the house.

Your heirs may get your property free and clear

You may make your relatives lucky if you have some estate. This estate may have enough funds to finance the mortgage or pay off the loan. You have to indicate in your will the assets that you possess and give directions on the way they can be sold to retire the mortgage. If you had a mortgage protection insurance policy, it would help a great deal by automatically paying off the loan balance. It is advised that you have the insurance policy if your relatives or the heirs are not financially stable enough to make the payments or afford a refinancing.

Your heirs may not afford the monthly payments

If the mortgage becomes too hard for your heirs to handle, they may decide to sell the home or walk away. And in most cases, heirs walk away when they cannot meet the burden. Mostly, the instances where the house is worth less than the balance on the mortgage, most heirs see walking away as the wisest decision. However, there are cases when there is a sentimental attachment between the heirs and the home. In such a scenario, you can always try to work out something with the lender and agree on new terms of payment. Some lenders may forgive some of the debts, but in rare cases.

You took out a reverse mortgage before your death

A reverse mortgage is considered to be a lien to the home. When there is no co-borrower or the co-borrower is also dead or is no longer living in the house, the loan becomes due when the borrower dies. The heirs will only be able to inherit the house itself if the reverse mortgage balance can be paid off without having to sell the property. To achieve this, your heirs will be forced to pay off the balance together with the cash from the estate or another source or finally take out a new loan. The most expected outcome is that your heirs will inherit whatever equity is left after the home is sold and the lender gets paid.

Plan Your Estate

The pros and cons of inheritance tax show how vital and no-important the fee is. In Utah, the cons overweighed the, and probably that is why they decided to cut it out. What do you think? Is inheritance tax worth it?

Estate Lawyer Free Consultation

When you need help with an estate in Utah, please call Ascent Law for your free consultation [phone]. We want to help you.

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: [phone]

Ascent Law LLC

4.9 stars – based on 67 reviews

Recent Posts

Probate Lawyer Bluffdale Utah

Estate Planning Terms

Chapter 13 Bankruptcy

Annulments

Corporate Lawyer American Fork Utah

Can A Wife Claim Her Husband’s Property In Divorce?

Source: https://www.ascentlawfirm.com/is-there-an-inheritance-tax-in-utah/

[melissawalker01]

Is There An Inheritance Tax In Utah?

There is no need for Utah residents to worry about a state estate or inheritance tax. Utah doesn’t impose these types of charges. As a part of Probate Law, some states impose an inheritance tax. Now, this may change, so if you’re reading this you should still call and get your free consultation, because laws change all the time. An estate tax is where a tax is levied on people who owned property in the state where they stayed. Inheritance tax is a tax levied on people who inherit property from a person who lived there. Even though Utah does not collect inheritance tax, you may end up paying for it in another estate, if you inherit property from someone who lived in a state that levies inheritance tax. The following states have inheritance tax Iowa, Kentucky, Nebraska, New Jersey, Pennsylvania, and Maryland. The inheritance tax will depend on the amount you inherited and how close you were to the deceased person. If there is a surviving spouse, they do not need to pay any inheritance tax. The good news is that some states exempt small inheritances. There could be a federal estate tax bill. However, this happens only if the deceased person left millions in assets. This type of tax comes from the estate of the person who died.

Utah estate tax

There are 38 states with no estate tax, and Utah is one of them

What is the estate tax?

Sometimes, an estate tax is known as a death tax. It is a tax levied on the estate of a person who died recently. It is for the money and the assets in the estate before they are distributed to the heirs of the deceased person. The only states that are subject to the estate tax are the ones which can reach a legally defined threshold.

Inheritance tax

Inheritance tax applies to the money after it has been disbursed to the beneficiaries who are responsible for paying taxes. In Utah, the inheritance tax is not levied. However, if someone from a state that collects inheritance tax leaves your property, then you have to pay for the fee. If you inherit property or money from someone out of –state, ensure that you check the laws first. It is always advised that you become prepared for the tax instead of finding out later that you were to pay a tax bill and you did not pay.

Gift tax

The federal government levies tax on gifts of money or property about a certain amount. If a state does not have such a charge, someone who has a significant amount of estate can give out a large portion of their property before they die to escape all the taxes imposed on the property. Therefore, a gift tax is known to work as a backstop to the estate tax. However, only a few people pay for gift tax in their lifetime. A gift program can help to reduce overall transfer taxes substantially. However, planning and getting committed to proceed with the gifts is much required.

Federal estate tax

Even though Utah has no estate tax, there is still a federal estate tax that you have to take care of. The federal government may impose some tax on your property when you die. There is always an exemption for the federal tax for property worth .18 million or more. This exemption also applies to a married couple who can handle up to $22.36 million. Beyond that, they are liable to pay this tax whose top rate is 40%

Inheritance tax, like any other tax, has its advantages and disadvantages. In Utah, they are missing out on the benefits that come along with imposing an inheritance tax. However, they are enjoying when they evade the disadvantages that are brought about by inheritance tax.

Pros of inheritance tax

It cuts down the levels of inequality

In the playing field, the haves is being favored more than the have nots. However, this tax helps bring equality to all of them. By imposing this tax on those who have property above specific amounts, the US government uses this money to fund projects and create employment opportunities for those who are financially down. Therefore, everyone benefits from the tax.

Charitable donations increase

Because of this tax, many people who have a lot of wealth donate it to the less fortunate and charity organizations to reduce their overall net worth and evade this, as well as many taxes. As a result, their tax liabilities after their death is diminished and in exchange, the social programs needed by the world right now are funded, and they keep on helping the less fortunate and the financially unstable

It is as a reward to success

The average income in the United States is just above $5ok annually. This is like 1% of the exemption for this tax. Practically, an estate that is worth $10 million would have a potential tax liability of $2 million because the $5 million is above the exemption threshold. This means that success is still recognized ad rewarded even though the tax levels are quite high on this amount. This is because the estate still possesses a large amount of money, property, and assets to hand down to its heirs.

Special rules apply to specific industries

As a result of the nature of this tax, small businesses are exempted from paying it. However, there are particular farms and family businesses that may go beyond the threshold of million through the real estate assets that they possess. To be able to avoid unnecessary burdens to heirs, there are special rules set aside for such businesses, to prevent the tax from being applied on them.

It is progressive

Inheritance tax is progressive. The more people receive inheritance beyond the exemptions limit, the more the charge they will have to pay. Therefore, most of the burden of the tax falls on the shoulders of the wealthy in the society, and it gives the government the chance to level the playing field by distributing the property again to those in need.

Cons of inheritance tax

Probably, what has made Utah get rid of inheritance tax is a stepping stone to them. Their reasons are merely the cons of inheritance tax as listed below:

Some people see it as a form of income redistribution

The American dream has always revolved around pulling up your socks by your bootstraps to make life possible for yourself. If you happen to die, then all the wealth you attained and the success you had should not die with you, yet this is what inheritance tax tries to achieve in the eyes of some people. The government tries to pull out a massive amount of money that you had worked extra hard for yourself and your family and then uses it for helping the people who have not been able to experience the same levels of success. This does not sound fair at all because it is your death which determines the redistribution of your hard-earned wealth

It is quite expensive to get an evaluation of assets that will be proper

Although inheritance tax raises billions every year, it is less than 1% of the overall revenues that are brought in every year in the government finance kit.

To make matters worse, the cost of bringing in this cash has the highest per capita compared to other tax revenues because the government incurs significant levels of expense in evaluating and collecting the revenues from the heirs. Therefore, unnecessary procedures and revenues are committed to bringing the inheritance tax on board and yet it is bringing minimal revenues to the table

It can force families to sell their businesses

In places where inheritance tax is levied, there is protection for small companies such that they do not get burdened by this tax. However, few businesses fall through the cracks every year. A couple of companies end up selling their assets so that they can be able to meet the requirements levied on them by the government to meet the tax. This does not consider the welfare of these families. What will happen after they have sold their businesses? Maybe the deceased was there, and after that, they cannot be able to meet the expenses, and with no companies at hand, it can be quite hard on them

It reduces the available capital

Even though a business can get through the inheritance tax, the amount that is owed goes a long way to limit the amount of liquid cash that the heirs will be able to access. This can push them to be potentially bankrupt or drive the company out of business after some time because of the liabilities that come along with the tax. In some situations, some of the income being taxed may have already been taxed through other methods. This comes up with a case that benefits the government only.

What happens to your inheritance?

Your heirs will take over your loan

In most cases, federal law permits the transfer of the credit to a close relative or an heir once you die. In most of the home loans, there is a due-on-sale or acceleration clause that allows a lender to demand immediate and full payment upon transfer or sale of the home; however, removals due to death are exempt. This is an indication that your heirs would have o take on your home loan with the same interest rate and the equal payment that you have. However, this does not just happen like that. There are legal procedures which have to be followed like filing a will or letters of administration on probate court.

Your heirs may refinance your home loan

If an heir decides to keep a home, in most situations, they will have to refinance the loan, especially if they are in a position to get a lower interest rate or reduced monthly payments. If the heirs are not financially stable to finance the new loan, they can always agree to pay every month and still keep the house.

Your heirs may get your property free and clear

You may make your relatives lucky if you have some estate. This estate may have enough funds to finance the mortgage or pay off the loan. You have to indicate in your will the assets that you possess and give directions on the way they can be sold to retire the mortgage. If you had a mortgage protection insurance policy, it would help a great deal by automatically paying off the loan balance. It is advised that you have the insurance policy if your relatives or the heirs are not financially stable enough to make the payments or afford a refinancing.

Your heirs may not afford the monthly payments

If the mortgage becomes too hard for your heirs to handle, they may decide to sell the home or walk away. And in most cases, heirs walk away when they cannot meet the burden. Mostly, the instances where the house is worth less than the balance on the mortgage, most heirs see walking away as the wisest decision. However, there are cases when there is a sentimental attachment between the heirs and the home. In such a scenario, you can always try to work out something with the lender and agree on new terms of payment. Some lenders may forgive some of the debts, but in rare cases.

You took out a reverse mortgage before your death

A reverse mortgage is considered to be a lien to the home. When there is no co-borrower or the co-borrower is also dead or is no longer living in the house, the loan becomes due when the borrower dies. The heirs will only be able to inherit the house itself if the reverse mortgage balance can be paid off without having to sell the property. To achieve this, your heirs will be forced to pay off the balance together with the cash from the estate or another source or finally take out a new loan. The most expected outcome is that your heirs will inherit whatever equity is left after the home is sold and the lender gets paid.

Plan Your Estate

The pros and cons of inheritance tax show how vital and no-important the fee is. In Utah, the cons overweighed the, and probably that is why they decided to cut it out. What do you think? Is inheritance tax worth it?

Estate Lawyer Free Consultation

When you need help with an estate in Utah, please call Ascent Law for your free consultation [phone]. We want to help you.

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: [phone]

Ascent Law LLC

4.9 stars – based on 67 reviews

Recent Posts

Probate Lawyer Bluffdale Utah

Estate Planning Terms

Chapter 13 Bankruptcy

Annulments

Corporate Lawyer American Fork Utah

Can A Wife Claim Her Husband’s Property In Divorce?

from Michael Anderson https://www.ascentlawfirm.com/is-there-an-inheritance-tax-in-utah/ from Divorce Lawyer Nelson Farms Utah https://divorcelawyernelsonfarmsutah.tumblr.com/post/187870700800

[michaeljames1221]

Is There An Inheritance Tax In Utah?

There is no need for Utah residents to worry about a state estate or inheritance tax. Utah doesn’t impose these types of charges. As a part of Probate Law, some states impose an inheritance tax. Now, this may change, so if you’re reading this you should still call and get your free consultation, because laws change all the time. An estate tax is where a tax is levied on people who owned property in the state where they stayed. Inheritance tax is a tax levied on people who inherit property from a person who lived there. Even though Utah does not collect inheritance tax, you may end up paying for it in another estate, if you inherit property from someone who lived in a state that levies inheritance tax. The following states have inheritance tax Iowa, Kentucky, Nebraska, New Jersey, Pennsylvania, and Maryland. The inheritance tax will depend on the amount you inherited and how close you were to the deceased person. If there is a surviving spouse, they do not need to pay any inheritance tax. The good news is that some states exempt small inheritances. There could be a federal estate tax bill. However, this happens only if the deceased person left millions in assets. This type of tax comes from the estate of the person who died.

Utah estate tax

There are 38 states with no estate tax, and Utah is one of them

What is the estate tax?

Sometimes, an estate tax is known as a death tax. It is a tax levied on the estate of a person who died recently. It is for the money and the assets in the estate before they are distributed to the heirs of the deceased person. The only states that are subject to the estate tax are the ones which can reach a legally defined threshold.

Inheritance tax

Inheritance tax applies to the money after it has been disbursed to the beneficiaries who are responsible for paying taxes. In Utah, the inheritance tax is not levied. However, if someone from a state that collects inheritance tax leaves your property, then you have to pay for the fee. If you inherit property or money from someone out of –state, ensure that you check the laws first. It is always advised that you become prepared for the tax instead of finding out later that you were to pay a tax bill and you did not pay.

Gift tax

The federal government levies tax on gifts of money or property about a certain amount. If a state does not have such a charge, someone who has a significant amount of estate can give out a large portion of their property before they die to escape all the taxes imposed on the property. Therefore, a gift tax is known to work as a backstop to the estate tax. However, only a few people pay for gift tax in their lifetime. A gift program can help to reduce overall transfer taxes substantially. However, planning and getting committed to proceed with the gifts is much required.

Federal estate tax

Even though Utah has no estate tax, there is still a federal estate tax that you have to take care of. The federal government may impose some tax on your property when you die. There is always an exemption for the federal tax for property worth .18 million or more. This exemption also applies to a married couple who can handle up to $22.36 million. Beyond that, they are liable to pay this tax whose top rate is 40%

Inheritance tax, like any other tax, has its advantages and disadvantages. In Utah, they are missing out on the benefits that come along with imposing an inheritance tax. However, they are enjoying when they evade the disadvantages that are brought about by inheritance tax.

Pros of inheritance tax

It cuts down the levels of inequality

In the playing field, the haves is being favored more than the have nots. However, this tax helps bring equality to all of them. By imposing this tax on those who have property above specific amounts, the US government uses this money to fund projects and create employment opportunities for those who are financially down. Therefore, everyone benefits from the tax.

Charitable donations increase

Because of this tax, many people who have a lot of wealth donate it to the less fortunate and charity organizations to reduce their overall net worth and evade this, as well as many taxes. As a result, their tax liabilities after their death is diminished and in exchange, the social programs needed by the world right now are funded, and they keep on helping the less fortunate and the financially unstable

It is as a reward to success

The average income in the United States is just above $5ok annually. This is like 1% of the exemption for this tax. Practically, an estate that is worth $10 million would have a potential tax liability of $2 million because the $5 million is above the exemption threshold. This means that success is still recognized ad rewarded even though the tax levels are quite high on this amount. This is because the estate still possesses a large amount of money, property, and assets to hand down to its heirs.

Special rules apply to specific industries

As a result of the nature of this tax, small businesses are exempted from paying it. However, there are particular farms and family businesses that may go beyond the threshold of million through the real estate assets that they possess. To be able to avoid unnecessary burdens to heirs, there are special rules set aside for such businesses, to prevent the tax from being applied on them.

It is progressive

Inheritance tax is progressive. The more people receive inheritance beyond the exemptions limit, the more the charge they will have to pay. Therefore, most of the burden of the tax falls on the shoulders of the wealthy in the society, and it gives the government the chance to level the playing field by distributing the property again to those in need.

Cons of inheritance tax

Probably, what has made Utah get rid of inheritance tax is a stepping stone to them. Their reasons are merely the cons of inheritance tax as listed below:

Some people see it as a form of income redistribution

The American dream has always revolved around pulling up your socks by your bootstraps to make life possible for yourself. If you happen to die, then all the wealth you attained and the success you had should not die with you, yet this is what inheritance tax tries to achieve in the eyes of some people. The government tries to pull out a massive amount of money that you had worked extra hard for yourself and your family and then uses it for helping the people who have not been able to experience the same levels of success. This does not sound fair at all because it is your death which determines the redistribution of your hard-earned wealth

It is quite expensive to get an evaluation of assets that will be proper

Although inheritance tax raises billions every year, it is less than 1% of the overall revenues that are brought in every year in the government finance kit.

To make matters worse, the cost of bringing in this cash has the highest per capita compared to other tax revenues because the government incurs significant levels of expense in evaluating and collecting the revenues from the heirs. Therefore, unnecessary procedures and revenues are committed to bringing the inheritance tax on board and yet it is bringing minimal revenues to the table

It can force families to sell their businesses

In places where inheritance tax is levied, there is protection for small companies such that they do not get burdened by this tax. However, few businesses fall through the cracks every year. A couple of companies end up selling their assets so that they can be able to meet the requirements levied on them by the government to meet the tax. This does not consider the welfare of these families. What will happen after they have sold their businesses? Maybe the deceased was there, and after that, they cannot be able to meet the expenses, and with no companies at hand, it can be quite hard on them

It reduces the available capital

Even though a business can get through the inheritance tax, the amount that is owed goes a long way to limit the amount of liquid cash that the heirs will be able to access. This can push them to be potentially bankrupt or drive the company out of business after some time because of the liabilities that come along with the tax. In some situations, some of the income being taxed may have already been taxed through other methods. This comes up with a case that benefits the government only.

What happens to your inheritance?

Your heirs will take over your loan

In most cases, federal law permits the transfer of the credit to a close relative or an heir once you die. In most of the home loans, there is a due-on-sale or acceleration clause that allows a lender to demand immediate and full payment upon transfer or sale of the home; however, removals due to death are exempt. This is an indication that your heirs would have o take on your home loan with the same interest rate and the equal payment that you have. However, this does not just happen like that. There are legal procedures which have to be followed like filing a will or letters of administration on probate court.

Your heirs may refinance your home loan

If an heir decides to keep a home, in most situations, they will have to refinance the loan, especially if they are in a position to get a lower interest rate or reduced monthly payments. If the heirs are not financially stable to finance the new loan, they can always agree to pay every month and still keep the house.

Your heirs may get your property free and clear

You may make your relatives lucky if you have some estate. This estate may have enough funds to finance the mortgage or pay off the loan. You have to indicate in your will the assets that you possess and give directions on the way they can be sold to retire the mortgage. If you had a mortgage protection insurance policy, it would help a great deal by automatically paying off the loan balance. It is advised that you have the insurance policy if your relatives or the heirs are not financially stable enough to make the payments or afford a refinancing.

Your heirs may not afford the monthly payments

If the mortgage becomes too hard for your heirs to handle, they may decide to sell the home or walk away. And in most cases, heirs walk away when they cannot meet the burden. Mostly, the instances where the house is worth less than the balance on the mortgage, most heirs see walking away as the wisest decision. However, there are cases when there is a sentimental attachment between the heirs and the home. In such a scenario, you can always try to work out something with the lender and agree on new terms of payment. Some lenders may forgive some of the debts, but in rare cases.

You took out a reverse mortgage before your death

A reverse mortgage is considered to be a lien to the home. When there is no co-borrower or the co-borrower is also dead or is no longer living in the house, the loan becomes due when the borrower dies. The heirs will only be able to inherit the house itself if the reverse mortgage balance can be paid off without having to sell the property. To achieve this, your heirs will be forced to pay off the balance together with the cash from the estate or another source or finally take out a new loan. The most expected outcome is that your heirs will inherit whatever equity is left after the home is sold and the lender gets paid.

Plan Your Estate

The pros and cons of inheritance tax show how vital and no-important the fee is. In Utah, the cons overweighed the, and probably that is why they decided to cut it out. What do you think? Is inheritance tax worth it?

Estate Lawyer Free Consultation

When you need help with an estate in Utah, please call Ascent Law for your free consultation [phone]. We want to help you.

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: [phone]

Ascent Law LLC

4.9 stars – based on 67 reviews

Recent Posts

Probate Lawyer Bluffdale Utah

Estate Planning Terms

Chapter 13 Bankruptcy

Annulments

Corporate Lawyer American Fork Utah

Can A Wife Claim Her Husband’s Property In Divorce?

from Michael Anderson https://www.ascentlawfirm.com/is-there-an-inheritance-tax-in-utah/

from Criminal Defense Lawyer West Jordan Utah https://criminaldefenselawyerwestjordanutah.wordpress.com/2019/09/22/is-there-an-inheritance-tax-in-utah/

[aretia]

Is There An Inheritance Tax In Utah?

There is no need for Utah residents to worry about a state estate or inheritance tax. Utah doesn’t impose these types of charges. As a part of Probate Law, some states impose an inheritance tax. Now, this may change, so if you’re reading this you should still call and get your free consultation, because laws change all the time. An estate tax is where a tax is levied on people who owned property in the state where they stayed. Inheritance tax is a tax levied on people who inherit property from a person who lived there. Even though Utah does not collect inheritance tax, you may end up paying for it in another estate, if you inherit property from someone who lived in a state that levies inheritance tax. The following states have inheritance tax Iowa, Kentucky, Nebraska, New Jersey, Pennsylvania, and Maryland. The inheritance tax will depend on the amount you inherited and how close you were to the deceased person. If there is a surviving spouse, they do not need to pay any inheritance tax. The good news is that some states exempt small inheritances. There could be a federal estate tax bill. However, this happens only if the deceased person left millions in assets. This type of tax comes from the estate of the person who died.

Utah estate tax

There are 38 states with no estate tax, and Utah is one of them

What is the estate tax?

Sometimes, an estate tax is known as a death tax. It is a tax levied on the estate of a person who died recently. It is for the money and the assets in the estate before they are distributed to the heirs of the deceased person. The only states that are subject to the estate tax are the ones which can reach a legally defined threshold.

Inheritance tax

Inheritance tax applies to the money after it has been disbursed to the beneficiaries who are responsible for paying taxes. In Utah, the inheritance tax is not levied. However, if someone from a state that collects inheritance tax leaves your property, then you have to pay for the fee. If you inherit property or money from someone out of –state, ensure that you check the laws first. It is always advised that you become prepared for the tax instead of finding out later that you were to pay a tax bill and you did not pay.

Gift tax

The federal government levies tax on gifts of money or property about a certain amount. If a state does not have such a charge, someone who has a significant amount of estate can give out a large portion of their property before they die to escape all the taxes imposed on the property. Therefore, a gift tax is known to work as a backstop to the estate tax. However, only a few people pay for gift tax in their lifetime. A gift program can help to reduce overall transfer taxes substantially. However, planning and getting committed to proceed with the gifts is much required.

Federal estate tax

Even though Utah has no estate tax, there is still a federal estate tax that you have to take care of. The federal government may impose some tax on your property when you die. There is always an exemption for the federal tax for property worth .18 million or more. This exemption also applies to a married couple who can handle up to $22.36 million. Beyond that, they are liable to pay this tax whose top rate is 40%

Inheritance tax, like any other tax, has its advantages and disadvantages. In Utah, they are missing out on the benefits that come along with imposing an inheritance tax. However, they are enjoying when they evade the disadvantages that are brought about by inheritance tax.

Pros of inheritance tax

It cuts down the levels of inequality

In the playing field, the haves is being favored more than the have nots. However, this tax helps bring equality to all of them. By imposing this tax on those who have property above specific amounts, the US government uses this money to fund projects and create employment opportunities for those who are financially down. Therefore, everyone benefits from the tax.

Charitable donations increase

Because of this tax, many people who have a lot of wealth donate it to the less fortunate and charity organizations to reduce their overall net worth and evade this, as well as many taxes. As a result, their tax liabilities after their death is diminished and in exchange, the social programs needed by the world right now are funded, and they keep on helping the less fortunate and the financially unstable

It is as a reward to success

The average income in the United States is just above $5ok annually. This is like 1% of the exemption for this tax. Practically, an estate that is worth $10 million would have a potential tax liability of $2 million because the $5 million is above the exemption threshold. This means that success is still recognized ad rewarded even though the tax levels are quite high on this amount. This is because the estate still possesses a large amount of money, property, and assets to hand down to its heirs.

Special rules apply to specific industries

As a result of the nature of this tax, small businesses are exempted from paying it. However, there are particular farms and family businesses that may go beyond the threshold of million through the real estate assets that they possess. To be able to avoid unnecessary burdens to heirs, there are special rules set aside for such businesses, to prevent the tax from being applied on them.

It is progressive

Inheritance tax is progressive. The more people receive inheritance beyond the exemptions limit, the more the charge they will have to pay. Therefore, most of the burden of the tax falls on the shoulders of the wealthy in the society, and it gives the government the chance to level the playing field by distributing the property again to those in need.

Cons of inheritance tax

Probably, what has made Utah get rid of inheritance tax is a stepping stone to them. Their reasons are merely the cons of inheritance tax as listed below:

Some people see it as a form of income redistribution

The American dream has always revolved around pulling up your socks by your bootstraps to make life possible for yourself. If you happen to die, then all the wealth you attained and the success you had should not die with you, yet this is what inheritance tax tries to achieve in the eyes of some people. The government tries to pull out a massive amount of money that you had worked extra hard for yourself and your family and then uses it for helping the people who have not been able to experience the same levels of success. This does not sound fair at all because it is your death which determines the redistribution of your hard-earned wealth

It is quite expensive to get an evaluation of assets that will be proper

Although inheritance tax raises billions every year, it is less than 1% of the overall revenues that are brought in every year in the government finance kit.

To make matters worse, the cost of bringing in this cash has the highest per capita compared to other tax revenues because the government incurs significant levels of expense in evaluating and collecting the revenues from the heirs. Therefore, unnecessary procedures and revenues are committed to bringing the inheritance tax on board and yet it is bringing minimal revenues to the table

It can force families to sell their businesses

In places where inheritance tax is levied, there is protection for small companies such that they do not get burdened by this tax. However, few businesses fall through the cracks every year. A couple of companies end up selling their assets so that they can be able to meet the requirements levied on them by the government to meet the tax. This does not consider the welfare of these families. What will happen after they have sold their businesses? Maybe the deceased was there, and after that, they cannot be able to meet the expenses, and with no companies at hand, it can be quite hard on them

It reduces the available capital

Even though a business can get through the inheritance tax, the amount that is owed goes a long way to limit the amount of liquid cash that the heirs will be able to access. This can push them to be potentially bankrupt or drive the company out of business after some time because of the liabilities that come along with the tax. In some situations, some of the income being taxed may have already been taxed through other methods. This comes up with a case that benefits the government only.

What happens to your inheritance?

Your heirs will take over your loan

In most cases, federal law permits the transfer of the credit to a close relative or an heir once you die. In most of the home loans, there is a due-on-sale or acceleration clause that allows a lender to demand immediate and full payment upon transfer or sale of the home; however, removals due to death are exempt. This is an indication that your heirs would have o take on your home loan with the same interest rate and the equal payment that you have. However, this does not just happen like that. There are legal procedures which have to be followed like filing a will or letters of administration on probate court.

Your heirs may refinance your home loan

If an heir decides to keep a home, in most situations, they will have to refinance the loan, especially if they are in a position to get a lower interest rate or reduced monthly payments. If the heirs are not financially stable to finance the new loan, they can always agree to pay every month and still keep the house.

Your heirs may get your property free and clear

You may make your relatives lucky if you have some estate. This estate may have enough funds to finance the mortgage or pay off the loan. You have to indicate in your will the assets that you possess and give directions on the way they can be sold to retire the mortgage. If you had a mortgage protection insurance policy, it would help a great deal by automatically paying off the loan balance. It is advised that you have the insurance policy if your relatives or the heirs are not financially stable enough to make the payments or afford a refinancing.

Your heirs may not afford the monthly payments

If the mortgage becomes too hard for your heirs to handle, they may decide to sell the home or walk away. And in most cases, heirs walk away when they cannot meet the burden. Mostly, the instances where the house is worth less than the balance on the mortgage, most heirs see walking away as the wisest decision. However, there are cases when there is a sentimental attachment between the heirs and the home. In such a scenario, you can always try to work out something with the lender and agree on new terms of payment. Some lenders may forgive some of the debts, but in rare cases.

You took out a reverse mortgage before your death

A reverse mortgage is considered to be a lien to the home. When there is no co-borrower or the co-borrower is also dead or is no longer living in the house, the loan becomes due when the borrower dies. The heirs will only be able to inherit the house itself if the reverse mortgage balance can be paid off without having to sell the property. To achieve this, your heirs will be forced to pay off the balance together with the cash from the estate or another source or finally take out a new loan. The most expected outcome is that your heirs will inherit whatever equity is left after the home is sold and the lender gets paid.

Plan Your Estate

The pros and cons of inheritance tax show how vital and no-important the fee is. In Utah, the cons overweighed the, and probably that is why they decided to cut it out. What do you think? Is inheritance tax worth it?

Estate Lawyer Free Consultation

When you need help with an estate in Utah, please call Ascent Law for your free consultation [phone]. We want to help you.

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: [phone]

Ascent Law LLC

4.9 stars – based on 67 reviews

Recent Posts

Probate Lawyer Bluffdale Utah

Estate Planning Terms

Chapter 13 Bankruptcy

Annulments

Corporate Lawyer American Fork Utah

Can A Wife Claim Her Husband’s Property In Divorce?

Source: https://www.ascentlawfirm.com/is-there-an-inheritance-tax-in-utah/

[divorcelawyergunnisonutah]

Is There An Inheritance Tax In Utah?

There is no need for Utah residents to worry about a state estate or inheritance tax. Utah doesn’t impose these types of charges. As a part of Probate Law, some states impose an inheritance tax. Now, this may change, so if you’re reading this you should still call and get your free consultation, because laws change all the time. An estate tax is where a tax is levied on people who owned property in the state where they stayed. Inheritance tax is a tax levied on people who inherit property from a person who lived there. Even though Utah does not collect inheritance tax, you may end up paying for it in another estate, if you inherit property from someone who lived in a state that levies inheritance tax. The following states have inheritance tax Iowa, Kentucky, Nebraska, New Jersey, Pennsylvania, and Maryland. The inheritance tax will depend on the amount you inherited and how close you were to the deceased person. If there is a surviving spouse, they do not need to pay any inheritance tax. The good news is that some states exempt small inheritances. There could be a federal estate tax bill. However, this happens only if the deceased person left millions in assets. This type of tax comes from the estate of the person who died.

Utah estate tax

There are 38 states with no estate tax, and Utah is one of them

What is the estate tax?

Sometimes, an estate tax is known as a death tax. It is a tax levied on the estate of a person who died recently. It is for the money and the assets in the estate before they are distributed to the heirs of the deceased person. The only states that are subject to the estate tax are the ones which can reach a legally defined threshold.

Inheritance tax

Inheritance tax applies to the money after it has been disbursed to the beneficiaries who are responsible for paying taxes. In Utah, the inheritance tax is not levied. However, if someone from a state that collects inheritance tax leaves your property, then you have to pay for the fee. If you inherit property or money from someone out of –state, ensure that you check the laws first. It is always advised that you become prepared for the tax instead of finding out later that you were to pay a tax bill and you did not pay.

Gift tax

The federal government levies tax on gifts of money or property about a certain amount. If a state does not have such a charge, someone who has a significant amount of estate can give out a large portion of their property before they die to escape all the taxes imposed on the property. Therefore, a gift tax is known to work as a backstop to the estate tax. However, only a few people pay for gift tax in their lifetime. A gift program can help to reduce overall transfer taxes substantially. However, planning and getting committed to proceed with the gifts is much required.

Federal estate tax

Even though Utah has no estate tax, there is still a federal estate tax that you have to take care of. The federal government may impose some tax on your property when you die. There is always an exemption for the federal tax for property worth .18 million or more. This exemption also applies to a married couple who can handle up to $22.36 million. Beyond that, they are liable to pay this tax whose top rate is 40%

Inheritance tax, like any other tax, has its advantages and disadvantages. In Utah, they are missing out on the benefits that come along with imposing an inheritance tax. However, they are enjoying when they evade the disadvantages that are brought about by inheritance tax.

Pros of inheritance tax

It cuts down the levels of inequality

In the playing field, the haves is being favored more than the have nots. However, this tax helps bring equality to all of them. By imposing this tax on those who have property above specific amounts, the US government uses this money to fund projects and create employment opportunities for those who are financially down. Therefore, everyone benefits from the tax.

Charitable donations increase

Because of this tax, many people who have a lot of wealth donate it to the less fortunate and charity organizations to reduce their overall net worth and evade this, as well as many taxes. As a result, their tax liabilities after their death is diminished and in exchange, the social programs needed by the world right now are funded, and they keep on helping the less fortunate and the financially unstable

It is as a reward to success

The average income in the United States is just above $5ok annually. This is like 1% of the exemption for this tax. Practically, an estate that is worth $10 million would have a potential tax liability of $2 million because the $5 million is above the exemption threshold. This means that success is still recognized ad rewarded even though the tax levels are quite high on this amount. This is because the estate still possesses a large amount of money, property, and assets to hand down to its heirs.

Special rules apply to specific industries

As a result of the nature of this tax, small businesses are exempted from paying it. However, there are particular farms and family businesses that may go beyond the threshold of million through the real estate assets that they possess. To be able to avoid unnecessary burdens to heirs, there are special rules set aside for such businesses, to prevent the tax from being applied on them.

It is progressive

Inheritance tax is progressive. The more people receive inheritance beyond the exemptions limit, the more the charge they will have to pay. Therefore, most of the burden of the tax falls on the shoulders of the wealthy in the society, and it gives the government the chance to level the playing field by distributing the property again to those in need.

Cons of inheritance tax

Probably, what has made Utah get rid of inheritance tax is a stepping stone to them. Their reasons are merely the cons of inheritance tax as listed below:

Some people see it as a form of income redistribution

The American dream has always revolved around pulling up your socks by your bootstraps to make life possible for yourself. If you happen to die, then all the wealth you attained and the success you had should not die with you, yet this is what inheritance tax tries to achieve in the eyes of some people. The government tries to pull out a massive amount of money that you had worked extra hard for yourself and your family and then uses it for helping the people who have not been able to experience the same levels of success. This does not sound fair at all because it is your death which determines the redistribution of your hard-earned wealth

It is quite expensive to get an evaluation of assets that will be proper

Although inheritance tax raises billions every year, it is less than 1% of the overall revenues that are brought in every year in the government finance kit.

To make matters worse, the cost of bringing in this cash has the highest per capita compared to other tax revenues because the government incurs significant levels of expense in evaluating and collecting the revenues from the heirs. Therefore, unnecessary procedures and revenues are committed to bringing the inheritance tax on board and yet it is bringing minimal revenues to the table

It can force families to sell their businesses

In places where inheritance tax is levied, there is protection for small companies such that they do not get burdened by this tax. However, few businesses fall through the cracks every year. A couple of companies end up selling their assets so that they can be able to meet the requirements levied on them by the government to meet the tax. This does not consider the welfare of these families. What will happen after they have sold their businesses? Maybe the deceased was there, and after that, they cannot be able to meet the expenses, and with no companies at hand, it can be quite hard on them

It reduces the available capital

Even though a business can get through the inheritance tax, the amount that is owed goes a long way to limit the amount of liquid cash that the heirs will be able to access. This can push them to be potentially bankrupt or drive the company out of business after some time because of the liabilities that come along with the tax. In some situations, some of the income being taxed may have already been taxed through other methods. This comes up with a case that benefits the government only.

What happens to your inheritance?

Your heirs will take over your loan

In most cases, federal law permits the transfer of the credit to a close relative or an heir once you die. In most of the home loans, there is a due-on-sale or acceleration clause that allows a lender to demand immediate and full payment upon transfer or sale of the home; however, removals due to death are exempt. This is an indication that your heirs would have o take on your home loan with the same interest rate and the equal payment that you have. However, this does not just happen like that. There are legal procedures which have to be followed like filing a will or letters of administration on probate court.

Your heirs may refinance your home loan

If an heir decides to keep a home, in most situations, they will have to refinance the loan, especially if they are in a position to get a lower interest rate or reduced monthly payments. If the heirs are not financially stable to finance the new loan, they can always agree to pay every month and still keep the house.

Your heirs may get your property free and clear

You may make your relatives lucky if you have some estate. This estate may have enough funds to finance the mortgage or pay off the loan. You have to indicate in your will the assets that you possess and give directions on the way they can be sold to retire the mortgage. If you had a mortgage protection insurance policy, it would help a great deal by automatically paying off the loan balance. It is advised that you have the insurance policy if your relatives or the heirs are not financially stable enough to make the payments or afford a refinancing.

Your heirs may not afford the monthly payments

If the mortgage becomes too hard for your heirs to handle, they may decide to sell the home or walk away. And in most cases, heirs walk away when they cannot meet the burden. Mostly, the instances where the house is worth less than the balance on the mortgage, most heirs see walking away as the wisest decision. However, there are cases when there is a sentimental attachment between the heirs and the home. In such a scenario, you can always try to work out something with the lender and agree on new terms of payment. Some lenders may forgive some of the debts, but in rare cases.

You took out a reverse mortgage before your death

A reverse mortgage is considered to be a lien to the home. When there is no co-borrower or the co-borrower is also dead or is no longer living in the house, the loan becomes due when the borrower dies. The heirs will only be able to inherit the house itself if the reverse mortgage balance can be paid off without having to sell the property. To achieve this, your heirs will be forced to pay off the balance together with the cash from the estate or another source or finally take out a new loan. The most expected outcome is that your heirs will inherit whatever equity is left after the home is sold and the lender gets paid.

Plan Your Estate

The pros and cons of inheritance tax show how vital and no-important the fee is. In Utah, the cons overweighed the, and probably that is why they decided to cut it out. What do you think? Is inheritance tax worth it?

Estate Lawyer Free Consultation

When you need help with an estate in Utah, please call Ascent Law for your free consultation [phone]. We want to help you.

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: [phone]

Ascent Law LLC

4.9 stars – based on 67 reviews

Recent Posts

Probate Lawyer Bluffdale Utah

Estate Planning Terms

Chapter 13 Bankruptcy

Annulments

Corporate Lawyer American Fork Utah

Can A Wife Claim Her Husband’s Property In Divorce?

from Michael Anderson https://www.ascentlawfirm.com/is-there-an-inheritance-tax-in-utah/

[gonnagoandrunwiththehorses]

Is There An Inheritance Tax In Utah?

There is no need for Utah residents to worry about a state estate or inheritance tax. Utah doesn’t impose these types of charges. As a part of Probate Law, some states impose an inheritance tax. Now, this may change, so if you’re reading this you should still call and get your free consultation, because laws change all the time. An estate tax is where a tax is levied on people who owned property in the state where they stayed. Inheritance tax is a tax levied on people who inherit property from a person who lived there. Even though Utah does not collect inheritance tax, you may end up paying for it in another estate, if you inherit property from someone who lived in a state that levies inheritance tax. The following states have inheritance tax Iowa, Kentucky, Nebraska, New Jersey, Pennsylvania, and Maryland. The inheritance tax will depend on the amount you inherited and how close you were to the deceased person. If there is a surviving spouse, they do not need to pay any inheritance tax. The good news is that some states exempt small inheritances. There could be a federal estate tax bill. However, this happens only if the deceased person left millions in assets. This type of tax comes from the estate of the person who died.

Utah estate tax

There are 38 states with no estate tax, and Utah is one of them

What is the estate tax?

Sometimes, an estate tax is known as a death tax. It is a tax levied on the estate of a person who died recently. It is for the money and the assets in the estate before they are distributed to the heirs of the deceased person. The only states that are subject to the estate tax are the ones which can reach a legally defined threshold.

Inheritance tax

Inheritance tax applies to the money after it has been disbursed to the beneficiaries who are responsible for paying taxes. In Utah, the inheritance tax is not levied. However, if someone from a state that collects inheritance tax leaves your property, then you have to pay for the fee. If you inherit property or money from someone out of –state, ensure that you check the laws first. It is always advised that you become prepared for the tax instead of finding out later that you were to pay a tax bill and you did not pay.

Gift tax

The federal government levies tax on gifts of money or property about a certain amount. If a state does not have such a charge, someone who has a significant amount of estate can give out a large portion of their property before they die to escape all the taxes imposed on the property. Therefore, a gift tax is known to work as a backstop to the estate tax. However, only a few people pay for gift tax in their lifetime. A gift program can help to reduce overall transfer taxes substantially. However, planning and getting committed to proceed with the gifts is much required.

Federal estate tax

Even though Utah has no estate tax, there is still a federal estate tax that you have to take care of. The federal government may impose some tax on your property when you die. There is always an exemption for the federal tax for property worth .18 million or more. This exemption also applies to a married couple who can handle up to $22.36 million. Beyond that, they are liable to pay this tax whose top rate is 40%

Inheritance tax, like any other tax, has its advantages and disadvantages. In Utah, they are missing out on the benefits that come along with imposing an inheritance tax. However, they are enjoying when they evade the disadvantages that are brought about by inheritance tax.

Pros of inheritance tax

It cuts down the levels of inequality

In the playing field, the haves is being favored more than the have nots. However, this tax helps bring equality to all of them. By imposing this tax on those who have property above specific amounts, the US government uses this money to fund projects and create employment opportunities for those who are financially down. Therefore, everyone benefits from the tax.

Charitable donations increase

Because of this tax, many people who have a lot of wealth donate it to the less fortunate and charity organizations to reduce their overall net worth and evade this, as well as many taxes. As a result, their tax liabilities after their death is diminished and in exchange, the social programs needed by the world right now are funded, and they keep on helping the less fortunate and the financially unstable

It is as a reward to success

The average income in the United States is just above $5ok annually. This is like 1% of the exemption for this tax. Practically, an estate that is worth $10 million would have a potential tax liability of $2 million because the $5 million is above the exemption threshold. This means that success is still recognized ad rewarded even though the tax levels are quite high on this amount. This is because the estate still possesses a large amount of money, property, and assets to hand down to its heirs.

Special rules apply to specific industries

As a result of the nature of this tax, small businesses are exempted from paying it. However, there are particular farms and family businesses that may go beyond the threshold of million through the real estate assets that they possess. To be able to avoid unnecessary burdens to heirs, there are special rules set aside for such businesses, to prevent the tax from being applied on them.

It is progressive

Inheritance tax is progressive. The more people receive inheritance beyond the exemptions limit, the more the charge they will have to pay. Therefore, most of the burden of the tax falls on the shoulders of the wealthy in the society, and it gives the government the chance to level the playing field by distributing the property again to those in need.

Cons of inheritance tax

Probably, what has made Utah get rid of inheritance tax is a stepping stone to them. Their reasons are merely the cons of inheritance tax as listed below:

Some people see it as a form of income redistribution

The American dream has always revolved around pulling up your socks by your bootstraps to make life possible for yourself. If you happen to die, then all the wealth you attained and the success you had should not die with you, yet this is what inheritance tax tries to achieve in the eyes of some people. The government tries to pull out a massive amount of money that you had worked extra hard for yourself and your family and then uses it for helping the people who have not been able to experience the same levels of success. This does not sound fair at all because it is your death which determines the redistribution of your hard-earned wealth

It is quite expensive to get an evaluation of assets that will be proper

Although inheritance tax raises billions every year, it is less than 1% of the overall revenues that are brought in every year in the government finance kit.

To make matters worse, the cost of bringing in this cash has the highest per capita compared to other tax revenues because the government incurs significant levels of expense in evaluating and collecting the revenues from the heirs. Therefore, unnecessary procedures and revenues are committed to bringing the inheritance tax on board and yet it is bringing minimal revenues to the table

It can force families to sell their businesses

In places where inheritance tax is levied, there is protection for small companies such that they do not get burdened by this tax. However, few businesses fall through the cracks every year. A couple of companies end up selling their assets so that they can be able to meet the requirements levied on them by the government to meet the tax. This does not consider the welfare of these families. What will happen after they have sold their businesses? Maybe the deceased was there, and after that, they cannot be able to meet the expenses, and with no companies at hand, it can be quite hard on them

It reduces the available capital

Even though a business can get through the inheritance tax, the amount that is owed goes a long way to limit the amount of liquid cash that the heirs will be able to access. This can push them to be potentially bankrupt or drive the company out of business after some time because of the liabilities that come along with the tax. In some situations, some of the income being taxed may have already been taxed through other methods. This comes up with a case that benefits the government only.

What happens to your inheritance?

Your heirs will take over your loan

In most cases, federal law permits the transfer of the credit to a close relative or an heir once you die. In most of the home loans, there is a due-on-sale or acceleration clause that allows a lender to demand immediate and full payment upon transfer or sale of the home; however, removals due to death are exempt. This is an indication that your heirs would have o take on your home loan with the same interest rate and the equal payment that you have. However, this does not just happen like that. There are legal procedures which have to be followed like filing a will or letters of administration on probate court.

Your heirs may refinance your home loan

If an heir decides to keep a home, in most situations, they will have to refinance the loan, especially if they are in a position to get a lower interest rate or reduced monthly payments. If the heirs are not financially stable to finance the new loan, they can always agree to pay every month and still keep the house.

Your heirs may get your property free and clear

You may make your relatives lucky if you have some estate. This estate may have enough funds to finance the mortgage or pay off the loan. You have to indicate in your will the assets that you possess and give directions on the way they can be sold to retire the mortgage. If you had a mortgage protection insurance policy, it would help a great deal by automatically paying off the loan balance. It is advised that you have the insurance policy if your relatives or the heirs are not financially stable enough to make the payments or afford a refinancing.

Your heirs may not afford the monthly payments

If the mortgage becomes too hard for your heirs to handle, they may decide to sell the home or walk away. And in most cases, heirs walk away when they cannot meet the burden. Mostly, the instances where the house is worth less than the balance on the mortgage, most heirs see walking away as the wisest decision. However, there are cases when there is a sentimental attachment between the heirs and the home. In such a scenario, you can always try to work out something with the lender and agree on new terms of payment. Some lenders may forgive some of the debts, but in rare cases.

You took out a reverse mortgage before your death

A reverse mortgage is considered to be a lien to the home. When there is no co-borrower or the co-borrower is also dead or is no longer living in the house, the loan becomes due when the borrower dies. The heirs will only be able to inherit the house itself if the reverse mortgage balance can be paid off without having to sell the property. To achieve this, your heirs will be forced to pay off the balance together with the cash from the estate or another source or finally take out a new loan. The most expected outcome is that your heirs will inherit whatever equity is left after the home is sold and the lender gets paid.

Plan Your Estate

The pros and cons of inheritance tax show how vital and no-important the fee is. In Utah, the cons overweighed the, and probably that is why they decided to cut it out. What do you think? Is inheritance tax worth it?

Estate Lawyer Free Consultation

When you need help with an estate in Utah, please call Ascent Law for your free consultation [phone]. We want to help you.

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: [phone]

Ascent Law LLC

4.9 stars – based on 67 reviews

Recent Posts

Probate Lawyer Bluffdale Utah

Estate Planning Terms

Chapter 13 Bankruptcy

Annulments

Corporate Lawyer American Fork Utah

Can A Wife Claim Her Husband’s Property In Divorce?

Source: https://www.ascentlawfirm.com/is-there-an-inheritance-tax-in-utah/

[mayarosa47]

Is There An Inheritance Tax In Utah?

There is no need for Utah residents to worry about a state estate or inheritance tax. Utah doesn’t impose these types of charges. As a part of Probate Law, some states impose an inheritance tax. Now, this may change, so if you’re reading this you should still call and get your free consultation, because laws change all the time. An estate tax is where a tax is levied on people who owned property in the state where they stayed. Inheritance tax is a tax levied on people who inherit property from a person who lived there. Even though Utah does not collect inheritance tax, you may end up paying for it in another estate, if you inherit property from someone who lived in a state that levies inheritance tax. The following states have inheritance tax Iowa, Kentucky, Nebraska, New Jersey, Pennsylvania, and Maryland. The inheritance tax will depend on the amount you inherited and how close you were to the deceased person. If there is a surviving spouse, they do not need to pay any inheritance tax. The good news is that some states exempt small inheritances. There could be a federal estate tax bill. However, this happens only if the deceased person left millions in assets. This type of tax comes from the estate of the person who died.

Utah estate tax

There are 38 states with no estate tax, and Utah is one of them

What is the estate tax?

Sometimes, an estate tax is known as a death tax. It is a tax levied on the estate of a person who died recently. It is for the money and the assets in the estate before they are distributed to the heirs of the deceased person. The only states that are subject to the estate tax are the ones which can reach a legally defined threshold.

Inheritance tax

Inheritance tax applies to the money after it has been disbursed to the beneficiaries who are responsible for paying taxes. In Utah, the inheritance tax is not levied. However, if someone from a state that collects inheritance tax leaves your property, then you have to pay for the fee. If you inherit property or money from someone out of –state, ensure that you check the laws first. It is always advised that you become prepared for the tax instead of finding out later that you were to pay a tax bill and you did not pay.

Gift tax

The federal government levies tax on gifts of money or property about a certain amount. If a state does not have such a charge, someone who has a significant amount of estate can give out a large portion of their property before they die to escape all the taxes imposed on the property. Therefore, a gift tax is known to work as a backstop to the estate tax. However, only a few people pay for gift tax in their lifetime. A gift program can help to reduce overall transfer taxes substantially. However, planning and getting committed to proceed with the gifts is much required.

Federal estate tax

Even though Utah has no estate tax, there is still a federal estate tax that you have to take care of. The federal government may impose some tax on your property when you die. There is always an exemption for the federal tax for property worth .18 million or more. This exemption also applies to a married couple who can handle up to $22.36 million. Beyond that, they are liable to pay this tax whose top rate is 40%

Inheritance tax, like any other tax, has its advantages and disadvantages. In Utah, they are missing out on the benefits that come along with imposing an inheritance tax. However, they are enjoying when they evade the disadvantages that are brought about by inheritance tax.

Pros of inheritance tax

It cuts down the levels of inequality

In the playing field, the haves is being favored more than the have nots. However, this tax helps bring equality to all of them. By imposing this tax on those who have property above specific amounts, the US government uses this money to fund projects and create employment opportunities for those who are financially down. Therefore, everyone benefits from the tax.

Charitable donations increase

Because of this tax, many people who have a lot of wealth donate it to the less fortunate and charity organizations to reduce their overall net worth and evade this, as well as many taxes. As a result, their tax liabilities after their death is diminished and in exchange, the social programs needed by the world right now are funded, and they keep on helping the less fortunate and the financially unstable

It is as a reward to success

The average income in the United States is just above $5ok annually. This is like 1% of the exemption for this tax. Practically, an estate that is worth $10 million would have a potential tax liability of $2 million because the $5 million is above the exemption threshold. This means that success is still recognized ad rewarded even though the tax levels are quite high on this amount. This is because the estate still possesses a large amount of money, property, and assets to hand down to its heirs.

Special rules apply to specific industries

As a result of the nature of this tax, small businesses are exempted from paying it. However, there are particular farms and family businesses that may go beyond the threshold of million through the real estate assets that they possess. To be able to avoid unnecessary burdens to heirs, there are special rules set aside for such businesses, to prevent the tax from being applied on them.

It is progressive

Inheritance tax is progressive. The more people receive inheritance beyond the exemptions limit, the more the charge they will have to pay. Therefore, most of the burden of the tax falls on the shoulders of the wealthy in the society, and it gives the government the chance to level the playing field by distributing the property again to those in need.

Cons of inheritance tax

Probably, what has made Utah get rid of inheritance tax is a stepping stone to them. Their reasons are merely the cons of inheritance tax as listed below:

Some people see it as a form of income redistribution

The American dream has always revolved around pulling up your socks by your bootstraps to make life possible for yourself. If you happen to die, then all the wealth you attained and the success you had should not die with you, yet this is what inheritance tax tries to achieve in the eyes of some people. The government tries to pull out a massive amount of money that you had worked extra hard for yourself and your family and then uses it for helping the people who have not been able to experience the same levels of success. This does not sound fair at all because it is your death which determines the redistribution of your hard-earned wealth

It is quite expensive to get an evaluation of assets that will be proper

Although inheritance tax raises billions every year, it is less than 1% of the overall revenues that are brought in every year in the government finance kit.

To make matters worse, the cost of bringing in this cash has the highest per capita compared to other tax revenues because the government incurs significant levels of expense in evaluating and collecting the revenues from the heirs. Therefore, unnecessary procedures and revenues are committed to bringing the inheritance tax on board and yet it is bringing minimal revenues to the table

It can force families to sell their businesses

In places where inheritance tax is levied, there is protection for small companies such that they do not get burdened by this tax. However, few businesses fall through the cracks every year. A couple of companies end up selling their assets so that they can be able to meet the requirements levied on them by the government to meet the tax. This does not consider the welfare of these families. What will happen after they have sold their businesses? Maybe the deceased was there, and after that, they cannot be able to meet the expenses, and with no companies at hand, it can be quite hard on them

It reduces the available capital

Even though a business can get through the inheritance tax, the amount that is owed goes a long way to limit the amount of liquid cash that the heirs will be able to access. This can push them to be potentially bankrupt or drive the company out of business after some time because of the liabilities that come along with the tax. In some situations, some of the income being taxed may have already been taxed through other methods. This comes up with a case that benefits the government only.

What happens to your inheritance?

Your heirs will take over your loan

In most cases, federal law permits the transfer of the credit to a close relative or an heir once you die. In most of the home loans, there is a due-on-sale or acceleration clause that allows a lender to demand immediate and full payment upon transfer or sale of the home; however, removals due to death are exempt. This is an indication that your heirs would have o take on your home loan with the same interest rate and the equal payment that you have. However, this does not just happen like that. There are legal procedures which have to be followed like filing a will or letters of administration on probate court.

Your heirs may refinance your home loan

If an heir decides to keep a home, in most situations, they will have to refinance the loan, especially if they are in a position to get a lower interest rate or reduced monthly payments. If the heirs are not financially stable to finance the new loan, they can always agree to pay every month and still keep the house.

Your heirs may get your property free and clear

You may make your relatives lucky if you have some estate. This estate may have enough funds to finance the mortgage or pay off the loan. You have to indicate in your will the assets that you possess and give directions on the way they can be sold to retire the mortgage. If you had a mortgage protection insurance policy, it would help a great deal by automatically paying off the loan balance. It is advised that you have the insurance policy if your relatives or the heirs are not financially stable enough to make the payments or afford a refinancing.

Your heirs may not afford the monthly payments

If the mortgage becomes too hard for your heirs to handle, they may decide to sell the home or walk away. And in most cases, heirs walk away when they cannot meet the burden. Mostly, the instances where the house is worth less than the balance on the mortgage, most heirs see walking away as the wisest decision. However, there are cases when there is a sentimental attachment between the heirs and the home. In such a scenario, you can always try to work out something with the lender and agree on new terms of payment. Some lenders may forgive some of the debts, but in rare cases.

You took out a reverse mortgage before your death

A reverse mortgage is considered to be a lien to the home. When there is no co-borrower or the co-borrower is also dead or is no longer living in the house, the loan becomes due when the borrower dies. The heirs will only be able to inherit the house itself if the reverse mortgage balance can be paid off without having to sell the property. To achieve this, your heirs will be forced to pay off the balance together with the cash from the estate or another source or finally take out a new loan. The most expected outcome is that your heirs will inherit whatever equity is left after the home is sold and the lender gets paid.

Plan Your Estate

The pros and cons of inheritance tax show how vital and no-important the fee is. In Utah, the cons overweighed the, and probably that is why they decided to cut it out. What do you think? Is inheritance tax worth it?

Estate Lawyer Free Consultation

When you need help with an estate in Utah, please call Ascent Law for your free consultation [phone]. We want to help you.

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: [phone]

Ascent Law LLC

4.9 stars – based on 67 reviews

Recent Posts

Probate Lawyer Bluffdale Utah

Estate Planning Terms

Chapter 13 Bankruptcy

Annulments

Corporate Lawyer American Fork Utah

Can A Wife Claim Her Husband’s Property In Divorce?

from https://www.ascentlawfirm.com/is-there-an-inheritance-tax-in-utah/

from Criminal Defense Lawyer West Jordan Utah - Blog http://criminaldefenselawyerwestjordanutah.weebly.com/blog/is-there-an-inheritance-tax-in-utah

[coming-from-hell]

Is There An Inheritance Tax In Utah?

There is no need for Utah residents to worry about a state estate or inheritance tax. Utah doesn’t impose these types of charges. As a part of Probate Law, some states impose an inheritance tax. Now, this may change, so if you’re reading this you should still call and get your free consultation, because laws change all the time. An estate tax is where a tax is levied on people who owned property in the state where they stayed. Inheritance tax is a tax levied on people who inherit property from a person who lived there. Even though Utah does not collect inheritance tax, you may end up paying for it in another estate, if you inherit property from someone who lived in a state that levies inheritance tax. The following states have inheritance tax Iowa, Kentucky, Nebraska, New Jersey, Pennsylvania, and Maryland. The inheritance tax will depend on the amount you inherited and how close you were to the deceased person. If there is a surviving spouse, they do not need to pay any inheritance tax. The good news is that some states exempt small inheritances. There could be a federal estate tax bill. However, this happens only if the deceased person left millions in assets. This type of tax comes from the estate of the person who died.

Utah estate tax

There are 38 states with no estate tax, and Utah is one of them

What is the estate tax?

Sometimes, an estate tax is known as a death tax. It is a tax levied on the estate of a person who died recently. It is for the money and the assets in the estate before they are distributed to the heirs of the deceased person. The only states that are subject to the estate tax are the ones which can reach a legally defined threshold.

Inheritance tax

Inheritance tax applies to the money after it has been disbursed to the beneficiaries who are responsible for paying taxes. In Utah, the inheritance tax is not levied. However, if someone from a state that collects inheritance tax leaves your property, then you have to pay for the fee. If you inherit property or money from someone out of –state, ensure that you check the laws first. It is always advised that you become prepared for the tax instead of finding out later that you were to pay a tax bill and you did not pay.

Gift tax

The federal government levies tax on gifts of money or property about a certain amount. If a state does not have such a charge, someone who has a significant amount of estate can give out a large portion of their property before they die to escape all the taxes imposed on the property. Therefore, a gift tax is known to work as a backstop to the estate tax. However, only a few people pay for gift tax in their lifetime. A gift program can help to reduce overall transfer taxes substantially. However, planning and getting committed to proceed with the gifts is much required.

Federal estate tax

Even though Utah has no estate tax, there is still a federal estate tax that you have to take care of. The federal government may impose some tax on your property when you die. There is always an exemption for the federal tax for property worth .18 million or more. This exemption also applies to a married couple who can handle up to $22.36 million. Beyond that, they are liable to pay this tax whose top rate is 40%

Inheritance tax, like any other tax, has its advantages and disadvantages. In Utah, they are missing out on the benefits that come along with imposing an inheritance tax. However, they are enjoying when they evade the disadvantages that are brought about by inheritance tax.

Pros of inheritance tax

It cuts down the levels of inequality

In the playing field, the haves is being favored more than the have nots. However, this tax helps bring equality to all of them. By imposing this tax on those who have property above specific amounts, the US government uses this money to fund projects and create employment opportunities for those who are financially down. Therefore, everyone benefits from the tax.

Charitable donations increase

Because of this tax, many people who have a lot of wealth donate it to the less fortunate and charity organizations to reduce their overall net worth and evade this, as well as many taxes. As a result, their tax liabilities after their death is diminished and in exchange, the social programs needed by the world right now are funded, and they keep on helping the less fortunate and the financially unstable

It is as a reward to success

The average income in the United States is just above $5ok annually. This is like 1% of the exemption for this tax. Practically, an estate that is worth $10 million would have a potential tax liability of $2 million because the $5 million is above the exemption threshold. This means that success is still recognized ad rewarded even though the tax levels are quite high on this amount. This is because the estate still possesses a large amount of money, property, and assets to hand down to its heirs.

Special rules apply to specific industries

As a result of the nature of this tax, small businesses are exempted from paying it. However, there are particular farms and family businesses that may go beyond the threshold of million through the real estate assets that they possess. To be able to avoid unnecessary burdens to heirs, there are special rules set aside for such businesses, to prevent the tax from being applied on them.

It is progressive

Inheritance tax is progressive. The more people receive inheritance beyond the exemptions limit, the more the charge they will have to pay. Therefore, most of the burden of the tax falls on the shoulders of the wealthy in the society, and it gives the government the chance to level the playing field by distributing the property again to those in need.

Cons of inheritance tax

Probably, what has made Utah get rid of inheritance tax is a stepping stone to them. Their reasons are merely the cons of inheritance tax as listed below:

Some people see it as a form of income redistribution

The American dream has always revolved around pulling up your socks by your bootstraps to make life possible for yourself. If you happen to die, then all the wealth you attained and the success you had should not die with you, yet this is what inheritance tax tries to achieve in the eyes of some people. The government tries to pull out a massive amount of money that you had worked extra hard for yourself and your family and then uses it for helping the people who have not been able to experience the same levels of success. This does not sound fair at all because it is your death which determines the redistribution of your hard-earned wealth

It is quite expensive to get an evaluation of assets that will be proper

Although inheritance tax raises billions every year, it is less than 1% of the overall revenues that are brought in every year in the government finance kit.

To make matters worse, the cost of bringing in this cash has the highest per capita compared to other tax revenues because the government incurs significant levels of expense in evaluating and collecting the revenues from the heirs. Therefore, unnecessary procedures and revenues are committed to bringing the inheritance tax on board and yet it is bringing minimal revenues to the table

It can force families to sell their businesses

In places where inheritance tax is levied, there is protection for small companies such that they do not get burdened by this tax. However, few businesses fall through the cracks every year. A couple of companies end up selling their assets so that they can be able to meet the requirements levied on them by the government to meet the tax. This does not consider the welfare of these families. What will happen after they have sold their businesses? Maybe the deceased was there, and after that, they cannot be able to meet the expenses, and with no companies at hand, it can be quite hard on them

It reduces the available capital

Even though a business can get through the inheritance tax, the amount that is owed goes a long way to limit the amount of liquid cash that the heirs will be able to access. This can push them to be potentially bankrupt or drive the company out of business after some time because of the liabilities that come along with the tax. In some situations, some of the income being taxed may have already been taxed through other methods. This comes up with a case that benefits the government only.

What happens to your inheritance?

Your heirs will take over your loan

In most cases, federal law permits the transfer of the credit to a close relative or an heir once you die. In most of the home loans, there is a due-on-sale or acceleration clause that allows a lender to demand immediate and full payment upon transfer or sale of the home; however, removals due to death are exempt. This is an indication that your heirs would have o take on your home loan with the same interest rate and the equal payment that you have. However, this does not just happen like that. There are legal procedures which have to be followed like filing a will or letters of administration on probate court.

Your heirs may refinance your home loan

If an heir decides to keep a home, in most situations, they will have to refinance the loan, especially if they are in a position to get a lower interest rate or reduced monthly payments. If the heirs are not financially stable to finance the new loan, they can always agree to pay every month and still keep the house.

Your heirs may get your property free and clear

You may make your relatives lucky if you have some estate. This estate may have enough funds to finance the mortgage or pay off the loan. You have to indicate in your will the assets that you possess and give directions on the way they can be sold to retire the mortgage. If you had a mortgage protection insurance policy, it would help a great deal by automatically paying off the loan balance. It is advised that you have the insurance policy if your relatives or the heirs are not financially stable enough to make the payments or afford a refinancing.

Your heirs may not afford the monthly payments

If the mortgage becomes too hard for your heirs to handle, they may decide to sell the home or walk away. And in most cases, heirs walk away when they cannot meet the burden. Mostly, the instances where the house is worth less than the balance on the mortgage, most heirs see walking away as the wisest decision. However, there are cases when there is a sentimental attachment between the heirs and the home. In such a scenario, you can always try to work out something with the lender and agree on new terms of payment. Some lenders may forgive some of the debts, but in rare cases.

You took out a reverse mortgage before your death

A reverse mortgage is considered to be a lien to the home. When there is no co-borrower or the co-borrower is also dead or is no longer living in the house, the loan becomes due when the borrower dies. The heirs will only be able to inherit the house itself if the reverse mortgage balance can be paid off without having to sell the property. To achieve this, your heirs will be forced to pay off the balance together with the cash from the estate or another source or finally take out a new loan. The most expected outcome is that your heirs will inherit whatever equity is left after the home is sold and the lender gets paid.

Plan Your Estate

The pros and cons of inheritance tax show how vital and no-important the fee is. In Utah, the cons overweighed the, and probably that is why they decided to cut it out. What do you think? Is inheritance tax worth it?

Estate Lawyer Free Consultation

When you need help with an estate in Utah, please call Ascent Law for your free consultation [phone]. We want to help you.

Ascent Law LLC 8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: [phone]

Ascent Law LLC

4.9 stars – based on 67 reviews

Recent Posts

Probate Lawyer Bluffdale Utah

Estate Planning Terms

Chapter 13 Bankruptcy

Annulments

Corporate Lawyer American Fork Utah

Can A Wife Claim Her Husband’s Property In Divorce?

Source: https://www.ascentlawfirm.com/is-there-an-inheritance-tax-in-utah/

[lottiegulley-blog]

Hackers Are Stealing Tens of millions In Cryptocurrency Throughout ICOs

Bitcoin has about 10,000 trusted nodes whereas Ripple has solely five. - Bitcoin cryptodailynews transactions are anonymous. $5,000 "in a couple of years, we aren't far away proper now. Not a lot thought is given to the implementation or problems as a result of "the returns are huge and that i don't desire to overlook out". If you cannot wait, you'll find yourself dropping out on future earnings. Search a correct rule of legislation, one which conforms to nature, and society will prosper! This is one of the primary the explanation why you need to look on the potential end users. With Bitcoin and most other digital currencies, the ledgers are "decentralized", meaning everybody on the community gets a replica, so nobody has to trust a 3rd social gathering, comparable to a bank, because anyone can instantly verify the information. As soon as they'll cover this, we probably will find a inventive low, here. Publisher: David Michael Wood It could actually often be daunting when first working with a network advertising company.

$A thousand was first breached in January 2017 and since then it has increased 4 times already till September. If you would like to assist a society that lacks wealth, you need to first role mannequin a proper rule of regulation to them! However as Stiglitz says, the Bitcoin pyramid game doesn't actually play any socially helpful role. One other aim for Litecoin was to avoid concurrence to Bitcoin. Is Bitcoin a Response to US Dollar Hegemony? Bitcoin is certainly stronger than ever, but there would possibly even be blood in the water - despite the value of bitcoins rising, so too did the altcoin markets grew in leaps and bounds. The good news is that there are not any other charges so that you can pay, including maintenance and electricity. There were no mastercoin-denominated charges in the system, the transactions as an alternative paid the usual Bitcoin transaction fees. Perhaps bored with ready for consensus to emerge, maybe prompted by Roger Ver's ambitions, Bitcoin Unlimited began to rally individuals behind its arduous fork.

The second reason why folks don’t spend their cryptocurrencies is tied to the first: it is not but handy to spend Bitcoin. Individuals who shout the collapse concentrate solely to the price of bitcoin, however it seems that the slope is gentle enough to ignore. This Prepaid Card integrates the highest cryptocurrencies right into a single usable bodily and virtual card: Bitcoin, Ethereum, Centra Token (CTR), Dash, Litecoin, Zcash, and Monero with future assets being added. How might the advent of Bitcoin affect central bank thinking? With that comes the central level of the biggest concern I foresee. Considering gold investing in gold bars efficiently requires research and foresight, but the evidence that gold costs are rising is obtainable if you already know the place to look. Investing in apartment buildings, you aren't only getting paid but additionally deducting the earnings tax. If a person reads the snippet underneath the link within the Google search, likes it and clicks, you've simply earned.That it is why a good abstract is key to getting clicks, this is your snippet textual content.

I encourage Main Avenue traders to be open to those alternatives, however to ask good questions, demand clear answers and apply good common sense when doing so. Since when does doing algebra immediately create a worthwhile asset? I am not even certain the right way to exactly define what I imply by secure asset. A minimum of, it definitely seems to have all the properties which might be desired in a safe asset. Are those regular updates, releases and complete high quality of the project don’t show the skilled expertise now we have? In a sense, Russian experience reveals the route that many oil exporting economies are heading within the age of low oil costs: the course of accelerated fiscal and financial responses and gradual structural financial reforms. When you see clearly from the beneficial properties I've made on the high proportion acquire, they are all small absolute amount at finest and contributed nothing significant to the general portfolio. They're held electronically and nobody has control over it both. Why the fiat currencies are higher than other setups?

The velocity at which Bitcoins are mined is measured in hashes. - No Authorities, Association, Body, Individual, Group, and so on. controls Bitcoins. Finally, I would wish to wish everyone a terrific Xmas to all readers as we began winding down in the direction of the brand new 12 months. This address is only a string of letters and digits, like 31uEbMgunupShBVTewXjtqbBv5MndwfXhb, which serve as an identifier. This exercise contained in the cryptoworld is much much less intense than the imbalances between the cryptoworld and the actual world which is why the relative altcoins' prices oscillate a lot less dramatically than the person altcoin costs. Failed trades recuperate infrequently, they usually usually get worse. Workout excessive care so that you don't get conned. The downside is that a miner would need to commit to the scale of a block before mining - in the event that they find a solution to a normal difficulty, they would not be in a position to make use of that to publish the block.

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Dan F. Sullivan My Survival Farm Review - Has been doing It Does Work

My Survival Farm Method by Dan F. Sullivan may be a method specially designed that will help whenever the meant, income breakdown develops and learn how to steer clear of the catastrophe condition, every person will engage in. See this overview to acquire more information. What On Earth Is My Survival Farm Bonus? ReviewsMagz My Survival Farm Review is truly a down loadable program, and also has evaluated the existing challenges in Venezuela to help people stop the onslaught of financial catastrophe that is certainly manifesting every place. They claim, that because of the dimension of the us, the opportunity of what would be to come is greater than anyone can visualize. How Might My Survival Farm PDF by Dan F. Sullivan Perform? There is an continual predicament in north america. The united states is basically switching in a socialist regimen and it’s will take a great deal to steer clear of the ailments ahead. The aim of My Survival Farm Reviews by ReviewsMagz may be to be taught ways to are living in this new procedure. Instead of only exist, but thrive and survive when other folks are struggling. Reviews of My Survival Farm by Dan F. Sullivan say that mounting food stuff rates continue to increase. And this loan is sustaining folks poverty. Fundamentally, they discuss that the existing nation is being, salary to income and that needs to discontinue. They also case it comes with an oncoming, large uncertainty that is about to unfold and sensible folks are beginning to prepare now. It is not likely to endure for a while, 2-3 weeks or even a number of years. But it surely will in all probability carry on for a couple many years. That could be how large of any stockpile you want, to survive when this forthcoming catastrophe unfolds. Thats generally certainly, as per the designers of My Survival Farm Blueprint. They check with the thing of methods in length would you get by in your home immediately? Do you possess the food items important to go for calendar months and years? An extra position they make is because the after that Whole world Combat, is not going to be fought around websites like engine oil and petrol. It will certainly very likely be fought well over elements we must have like water and food. They claim, applying My Survival Farm Pros and Cons by Dan F. Sullivan, may be the selecting issue whether or not or otherwise not it is possible to endure once the after that Planet Battle develops or maybe not. They are announcing stockpiling will not be enough. Even though they case you still might stockpile. But the things they are saying is it might take much more than stockpiling to live as far as these are generally involved. Due to the fact sooner or later, dishes resources are going to be depleted. Then you will need to track down new solutions to take care of your family. 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