vania-janet/multiturn-rag-retrieval-data huggingface dataset:
I inherited nothing and have retired comfortably in my 50s after some hard work, tradeoffs etc., however I am quite certain that there are millions who are more intelligent, harder-working, talented and haven't had my luck.  Good luck can get you there, bad luck will stop you, in either case more completely than inheritance, contacts, diligence or talent.  It's worth remembering that the best luck is good health.
"No you do not need a credit card.  They are convenient to have sometimes.  But you do not ""need"" one.  I know people who only have one for use when they travel for work and get reimbursed later.  But most companies have other ways to pay for your travel if you tell them you do not have a credit card."
&gt; ...you must take responsibility for your actions and not expect someone who didn't get addicted to bail you out - that only encourages addiction.  It seems I do not convince.  Perhaps your experience is that force of will is all that is required to avoid failure.  Maybe you don't believe society can set you up to be a failure or your own destructive impulses can steamroller your willpower.  If success is only a matter of determination then your position makes perfect sense.  If that is your belief, I disagree but I envy you.  I think this is the bottom of our discussion unless you want to show me how my justification for taxes is flawed.  Thanks for the thoughtful dialog and letting me explore your opinions on how society should work.  I hope we cross paths again.
"I just wanted to give you a different perspective, as I own a house (purchased with a mortgage), with my girlfriend. I think it can be done safely and fairly, but you do need to involve legal help to do it right. There really is nothing to be terrified about, the extra cost to set this up was almost irrelevant in the bigger picture of legal costs around purchasing and the documents describing the ownership scheme are quite straightforward. Maybe it's a UK thing, but it seems rather commonplace here.  We've chosen to hold this as ""tenants in common"" and use a trust deed for this when we purchased. We had a solicitor write the trust deed and it clearly states what percentage of the house is owned by either party and exactly what the steps would be taken, should we decide to end the trust (e.g. in case of a split-up). This includes things like the right to buy out the other person before selling on the market etc.  We also had to make wills separately to indicate what should happen with our percentage of the property in case one of us died as with this type of ownership it doesn't automatically go to the other person.  Finally we're both on the mortgage, which I guess is the main difference versus your situation. But again, you could get legal advice as to how this should best be handled."
"From the UK side, the estate may be liable to ""inheritance tax"" depending on its size - but this will be paid by the estate itself before any payment is made to you, so if the estate makes a payment to you, the whole of it is yours to keep. The tax thresholds are a bit complicated and due to become more so, but at a minimum any estate under £325,000 will be exempt. If your spouse died first without using their entire allowance, or for deaths after 6th April 2017 where a family home is being left to direct descendants, the allowance is higher. Anything above the threshold is subject to 40% tax, which will be paid be the person dealing with the estate before they can distribute anything else."
The house becomes an asset belonging to the estate of Alice.  The debt also goes with the estate.  The executor of the will should arrange for the debt to be paid off as part of sorting out the estate - they can't just hand out all the assets and leave nothing to pay off the debts. This could be done by selling the house.  But in practice, the executor and the mortgage lender may both be happy if Bob takes out a mortgage, uses that to pay the debt, then inherits the house.
I am assuming that you are referring to Personal Checks since you do not have a business account.  Generally, your full name is the minimal requirement that is needed on the top left of each check. It is best if this information is pre-printed. In fact, some businesses and banks will not honor a check if your full name is handwritten on the check. This is for obvious reasons such as fraud.
I find that when I have to justify why I want something to someone else, I eliminate impulse buys because I have to think about it enough to explain to someone else why it is desirable. Simply going through that process in my own head in advance of a conversation to justify it I talk myself out of a lot of purchases. I'm married, so I have these conversations with my wife. She is very supportive of me buying things that I want if they will bring value. If I wasn't married and couldn't control my spending, I'd find a good friend or relative that I trust, and I would create a trust with me as the primary beneficiary, and I would appoint a trustee who was willing to sign off on any purchase that I wanted to make after justifying it to them. If I had no friends or relatives that I trusted in that role, I'd hire a financial adviser to fill the same role. Contractually I would want to be able to terminate the arrangement if it was not working, but that would mean sacrificing the legal fees to alter the trust and appoint a new trustee.
For doing business it is also important to have a employer identification number which is very important for doing business in the US based companies and it is important to have a company so that the business can able to run very smoothly. With Free company formation people can able to start their business very easily and they can able to give all the services so that the business can able to run a long. Forming a corporation mainly include all the classic form which is fully separate and the from the ownership which mainly did not have any necessary thing.
"Title insurance protects you from losing rights to your property in case of a court decision. Let's look at an example I recently found in local newspapers. One old woman sold her apartment to person A. The deed was attested by a notary public who verified that indeed in was that old woman putting her signature on the deed. Then person A sold the apartment to person B, etc, then after several deals some unfortunate Buyer bought that apartment. The deal looked allright, so he's got a mortgage to pay for the apartment. Later it turned out that the old lady died three months before she ""sold"" the apartment and the notary public was corrupt. Old lady's heirs filed a lawsuit and the deal was void. So the ultimate Buyer lost all rights to the apartment although he purchased it legally. This is the case when title insurance kicks in. You need one if there's a chance for a deal to be deemed void."
"Well... to be fair... everyone can make a plan for their lives.  Of course, life happens and it can derail that plan.  With a plan, you can at least know you're making decisions that help propel you towards your goals.  Without a plan, you're just rudderless.    Planning doesn't cost anything.  Making goals doesn't cost anything.  With that being said, the less ""means"" that a person has, the harder it is to live below them.  It really comes down to individual circumstances."
As others noted, make sure you send it certified/return receipt, or better yet use a private carrier such as fedex, and check the box about requiring a signature. Above all you need to get the dialog transferred to a written form. I can not stress this point enough. Everything you tell them or ask for from here out needs to be done in a written format. If they call you about anything, tell them you want to see their issue/offer in writing before you will consider it. You do not necessarily need a lawyer to do any of this, but you do need to know the applicable laws. Do the research to know what your legal standing is. Involve a lawyer if you feel you need to, but I have successfully battled several large utility companies and collection agencies into behaving without needing one.
While certainly not millionaires, or ""well off"" by conventional means, the guy with 6 cars on bricks in his lawn does not need to insure 6 cars. If one were to vanish, it may make a hardship but hey, he's got 5 more. So with tangible goods it's more of a question of can you afford to replace the item, do you need to replace the item, and how big a risk is it to you to loose the item? What would you rather loose, the item, or the cost of the insurance? Non-tangible Assets I am going to try to keep this as un-rant like as I can manage, but be aware that I am biased. There are two big examples of non-tangible assets that are commonly insured. Life Insurance, and Health insurance. There are others, but it's very hard to get people to pay money to insure something that they don't actually have. Ideas can be insured, for example, but in order to insure an idea you have to spell it out, at that point why not just file for the patent etc. etc. Keep in mind that a lot of people and companies will insure against losses due to IP theft or other such intangible things. Largely these follow the same rules as tangible assets. This section is meant to focus on those insurances that do not. Life Insurance Life insurance is a bit odd. Were all going to die, so it seems like a ""good bet"" but what your insuring against with life insurance is an early death. For term life insurance it's a gamble. Will you die before your term runs out. For full life insurance (with no term) it's a different gamble. Will you die before you have paid in what they agreed to pay out. In many cases it's also a gamble that you will miss a payment or two and cancel the policy before you die. If the risk of your death worth the insurance. Usually while young the answer is yes. Do you leave your Family short one earner? Will they make it without the insurance? But as you get older, as life insurance becomes more of a sure thing it also becomes less needed.
In short - if you can't get the job without incorporating, then incorporate! Some clients will require you to be incorporated (which is why I did it 10 years ago).  Essentially, for them, it's a way of distancing themselves from you to ensure they are not responsible for any monies if you don't pay your taxes.  For you, there is also this idea of distancing company assets from your personal assets.  If they are not requiring you to incorporate, you can simply act as a sole proprietorship.  A good place to start reading up could be the sites below (for Canada/Ontario): Canada Business http://sbinfocanada.about.com/ http://sbinfocanada.about.com/od/incorporation/Incorporating_A_Business_In_Canada.htm http://sbinfocanada.about.com/cs/startup/a/incorporatadv.htm When I registered, I simply bought a book at Grand&Toy, with all the required forms for Ontario.  These forms would also be available at a local Government service centre. You walk in, give the government money, and shortly thereafter you are incorporated. There are a number of others things that are required (having a minutes book, writing resolutions, creating shares, setting up a bank account, etc) - all discussed in the guide For Ontario you can start here: http://www.ontario.ca/en/services_for_business/index.htm At a high level, there are some costs for being incorporated, and some tax savings.  At a minimum, costs would include: You may need the help of an account to help set things up, but it's quite easy to maintain all the records, etc that are required.   Some other minor things I enjoy are writing myself expense cheques so that I get money back immediately (and effectively only pay 60% of the cost after writing it off in the company). I can decide how much to pay myself and push income from year to year.
No.just give your social security number and contact info, that's all that's needed.
Of course, you've already realized that some of that is that smaller estates are more common than larger estates. But it seems unlikely that there are four times as many estates between $10 and $11 million as above that range. People who expect to die with an estate subject to inheritance tax tend to prepare. I don't know how common it is, but if the surviving member of a couple remarries, then the new spouse gets a separate exemption. And of course spouses inherit from spouses without tax. In theory this could last indefinitely. In practice, it is less likely. But if a married couple has $20 million, the first spouse could leave $15 million to the second and $5 million to other heirs. The second spouse could leave $10 million to a third spouse (after remarrying) and another $5 million to children with the first spouse. All without triggering the estate tax. People can put some of their estate into a trust. This can allow the heirs to continue to control the money while not paying inheritance tax. Supposedly Ford (of Ford Motor Company) took that route. Another common strategy is to give the maximum without gift tax each year. That's at least $14k per donor and recipient per year. So a married couple with two kids can transfer $56k per year. Plus $56k for the kids' spouses. And if there are four grandchildren, that's another $112k. Great-grandchildren count too. That's more than a million every five years. So given ten years to prepare, parents can transfer $2 million out of the estate and to the heirs without tax. Consider the case of two wealthy siblings. They've each maxed out their gifts to their own heirs. So they agree to max out their gifts to their sibling's heirs. This effectively doubles the transfer amount without tax implication. Also realize that they can pretransfer assets at the current market rate. So if a rich person has an asset that is currently undervalued, it may make sense to transfer it immediately as a gift. This will use up some of the estate exemption.
You will need to restrict any spending on credit cards and getting any new personal loans. You say you will keep a small credit limit to pay for ongoing online payments for courses. Make sure you uses a 55 day interest free credit card (preferably with no annual fee) for this and pay the full amount due every month, so you don't end up paying any more interest on this card. In case of death would my debts pass on to my next of kin or family? If your debts are unsecured (which personal loans and credit cards are), then no your next of kin or family will not have to pay your debts if you die. When you die any money or assets (which would be sold) in your estate will first be used to pay off any of your debts. If there is not enough money or assets in your estate then your remaining debts may not need to be paid. Other people are only responsible for paying your debts after you die if: Bankruptcy An alternative to Bankruptcy is a Part 9 debt agreement, as I mentioned in my answer to your previous question. In this case you will still need to pay off at least part of the debt but will not be charged any further interest on the debt. This is not as severe as Bankruptcy, but as I mentioned before, should not be taken lightly. Like bankruptcy, a debt agreement will appear on your credit file for seven years and your name will be listed on the National Personal Insolvency Index forever. Bankruptcy or a Debt Agreement should only be used as a last resort if you are unable to undertake any other option. And remember, even if you do take this course of action, you will still need to be disciplined now and into the future, so you don't end up in a similar situation again.
And most wealth is squandered by the third generation. Someone has to become independently wealthy for the cycle to start over. Many will read this headline and use it as an excuse for their own lack of will to succeed. Someone had to succeed independently at some point, to earn the original wealth.
No. It's not mandatory you buy from them. If they have money and are rich companies is because they provide a good service and deliver value to people then get rewarded by customers with they money.  It's different than the monopoly that government is. You aren't able to get from anyone else. You are just a slave from the system.  So government creates monopoly.  Now if some company decide to be a better search engine or anything else that Google does better than them then that company will get rewarded over Google.   So, it's not a monopoly.
You don't have to retire. But the US government and other national governments have programs that allow you to set aside money when you are young to be used when you are older.  To encourage you to do this, they reduce your taxes either now or when your are older. They also allow your employer to match your funds. In the US they have IRAs, 401Ks, and Social Security.  You are not required to stop working while tapping into these funds. Having a job and using these funds will impact your taxes, but your are not forbidden from doing both. Decades ago most retirement funds come from pensions and Social Security. Most people are going to reach their senior years without a pension, or with only a very small pension because they had one in one of their early jobs. So go ahead, gamble that you will not need to save for retirement. Then hope that decades later you were right about it, because you can't go back in time and fix your choice.  Some never save for retirement, either because they can't or they think they can't. Many that don't save end up working longer than they imagined. Some work everyday until they die, or are physically unable to work. Sometimes it is because they love the job, but often it is because they cannot afford to quit.
"&gt;What's the difference between inheritance and being born with money?  Just because someone is born into a rich family, does NOT necessarily mean they will inherit the wealth.  Many things can happen along the way between their birth and potential inheritance, everything from the family elders blowing the money, or making bad investments, to divorces/lawsuits, elders being pissed and just disinheriting their heirs, etc.  And then of course, just because one reached the point of inheritance, does not guarantee that the money will last.  Plenty of ""spoiled rich kids"" end up being impoverished by the end of their life."
"I can only share with you my happened with my wife and I. First, and foremost, if you think you need to protect your assets for some reason then do so. Be open and honest about it. If we get a divorce, X stays with me, and Y stays with you. This seems silly, even when your doing it, but it's important. You can speak with a lawyer about this stuff as you need to, but get it in writing. Now I know this seems like planning for failure, but if you feel that foo is important to you, and you want to retain ownership of foo no mater what, then you have to do this step. It also works both ways. You can use, with some limitations, this to insulate your new family unit from your personal risks. For example, my business is mine. If we break up it stays mine. The income is shared, but the business is mine. This creates a barrier that if someone from 10 years ago sues my business, then my wife is protected from that. Keep in mind, different countries different rules. Next, and this is my advise. Give up on ""his and hers"" everything. It's just ""ours"". Together you make 5400€ decide how to spend 5400€ together. Pick your goals together. The pot is 5400€. End of line. It doesn't matter how much from one person or how much from another (unless your talking about mitigating losses from sick days or injuries or leave etc.). All that matters is that you make 5400€. Start your budgeting there. Next setup an equal allowance. That is money, set aside for non-sense reasons. I like to buy video games, my wife likes to buy books. This is not for vacation, or stuff together, but just little, tiny stuff you can do for your self, without asking ""permission"". The number should be small, and equal. Maybe 50€. Finally setup a budget. House Stuff 200€, Car stuff 400€. etc. etc. then it doesn't matter who bought the house stuff.
I'm of the opinion that speculating is for young people like you, because they can afford to lose it all. Avoiding losses becomes necessary once you have to sustain a family, and manage a somewhat large retirement funds. Even if you lose all your money when speculating, you'll probably be better off later, because you make less costly mistakes once you have larger amounts of money.
"I am not a lawyer, and I am assuming trusts in the UK work similar to the way they work in the US... A trust is a legally recognized entity that can act in business transactions much the same way as a person would (own real property, a business, insurance, investments, etc.). The short answer is the trust is the owner of the property. The trust is established by a Grantor who ""funds"" the trust by transferring ownership of items from him or herself (or itself, if another trust or business entity like a corporation) to the trust.  A Trustee is appointed (usually by the Grantor) to manage the trust according to the conditions and terms specified in the trust. A Trustee would be failing in their responsibility (their fiduciary duty) if they do not act in accordance with the purposes of the trust. (Some trusts are written better than others, and there may or may not be room for broad interpretation of the purposes of the trust.)   The trust is established to provide some benefit to the Beneficiary. The beneficiary can be anyone or anything, including another trust. In the US, a living trust is commonly used as an estate planning tool, where the Grantor, Trustee, and Beneficiary are the same person(s). At some point, due to health or other reasons, a new trustee can be appointed. Since the trust is a separate entity from the grantor and trustee, and it owns the assets, it can survive the death of the grantor, which makes it an attractive way to avoid having to probate the entire estate. A good living trust will have instructions for the Trustee on what to do with the assets upon the death of the Grantor(s)."
Who depends on you?   I personally wasn't insured until I had a family.  Of course I had the required insurance policies like auto, but no health until I was 29 and had a kid who needed me.  Now I have health, dental, vision, life, auto, homeowners and renter's insurance. I can't let an accident or disaster affect my baby's future.
"If or when you ""own"" your land outright you need to try and get the land patent on it. That is the supreme form of title to it. It goes back to when the land was acquired by the U.S. (from Britian, France, etc.) by treaty. Treaties trump even our Constitution. When you have a land patent.........IT'S YOURS! That link is to my site but this was so relevant that I had to include it. Hope y'all don't mind."