Ask the Biz Brain: What to do when an inherited estate causes a family squabble?

Posted by | Posted on 30-03-2012

Q. My husband and his brother are co-executors on their deceased fathers will. The will was probated and the only property, to be divided equally between the two brothers, is a vacant two-family home. One brother wants to sell the property while the other wants to wait for a housing market rebound, renting it out until then. The brother who wants to sell is not financially able to maintain the property and has no desire to enter into a co-ownership situation with his brother. We were advised that to settle the estate, the home must be sold and monies divided equally between the two brothers, or the brother who wants to rent out the house can buy out his brothers share. This has created family conflict, and the brother who wants to sell filed a complaint against his brother to move forward and settle the estate. Read full post…

Tribune stations go dark on DirecTV

Posted by | Posted on 30-03-2012

Print | Email | Today’s Headlines 4/1/2012

  • Tribune stations go dark on DirecTV
  • 37Signals vaults from base camp to summit
  • Best Places to Work No. 9: Red Frog Events LLC
  • Best Places to Work No. 3: VNC Communications
  • Best Places to Work No. 2: Tasty Catering Inc.
  • Suits can innovate, too

View All of Today’s News Headlines

Tribune Co.’s TV programming was pulled from DirecTV after the two failed to reach an agreement before a midnight Saturday deadline that would have allowed the satellite distributor to keep carrying Tribune-owned local TV stations’ programming.

Chicago-based Tribune said in a news release Saturday evening that talks with DirecTV had broken down, with 19 U.S.

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Borrowing money? Choose the right repayment option

Posted by | Posted on 24-03-2012

To begin with why do you need flexible repayment options? The biggest advantage is that choosing the right flexible repayment option would reduce your EMI load! Moreover, it could help you avoid getting that adverse defaulter tag. Remember, if you had borrowed from a bank even a single default could deface your credit report and disqualify you from getting loans in the future!

Most emergency situations in life would need money to face it. And what happens if you dont have any money? Well, the obvious choice is to borrow money! At the time of borrowing most of us just sign on the dotted lines immediately after considering only the interest rate and the date of the EMI as determined by the lender.

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Diaz-Balart Amendment Passes House Vote

Posted by | Posted on 24-03-2012

An amendment proposed by U.S. Rep. Mario Diaz-Balart, R-Fla., has passed muster in the house. His “FCC FOIA Amendement” was adopted and included in H.R. 3309, the Federal Communications Commission (FCC) Reform Act of 2012.

Diaz-Balart’s amendment would require the FCC to implement new policies and practices to promote greater public disclosure of how the agency handles the Freedom of Information Act (“FOIA”) requests.

“My amendment was in response to overwhelming data demonstrating the FCC’s apparent lack of transparency and openness with the American people. In FY 2011, the FCC denied more than 46 percent of the FOIA requests it processed, compared to about 7 percent across the entire federal government.

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Bypassing the broker

Posted by | Posted on 23-03-2012

In a diss to the city’s brokerage community, two office buildings are being marketed for sale by their owners — although one seller allowed brokers to bring in potential buyers willing to pay their fees.

The 520,000-square-foot downtown property at 180 Water St. is being pitched to buyers for $180 million. It may be entirely vacant by 2015, when the city’s Human Resources Administration consolidates to 4 World Trade Center, although the city could also exercise an option and move in other agencies through 2023.

The other building is the 110,000-square-foot 45 E. 53rd St., which was developed and owned by Banco Santander.

Unusual Tax Deductions

Posted by | Posted on 22-03-2012

People do go to extreme lengths to protect their money from the taxmen, and justifiably so. Weren’t you always under the impression that the taxmen and their ilk would never suffer fools gladly? Well, usually they don’t, but when they do, hilarity ensues … The dreaded tax season is here, and most of us are scurrying to meet the filing deadline. Parting with our hard-earned money doesn’t exactly make us jump with joy, but it does lead to our brain cells working in overdrive. As the battle to lower the taxable income mounts, some individuals come up with some absolute gems that qualify as tax deductions.

While some are daring, some are sheer genius. Some hit the bull’s eye, while some just leave the applicant red-faced. Read full post…