#assets

How to protect my assets and shield my partner from debtors?

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How to protect my assets and shield my partner from debtors? This is a burner account for obvious reasons… Apologies in advance for the length of this post. If there’s a more appropriate subreddit for this post, please let me know. TLDR: I’ve been a small business workaholic for 25 years with poor financial acumen. Business has been awful post-COVID. Debt is piling up and I’m considering various bankruptc…

Reddit Personal Finance 665 2024-04-16

Grandparent has to sell off assets to get into assisted living. Will talk to lawyer tomorrow but curious if anyone knows if house has to be sold at market value?

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Grandparent has to sell off assets to get into assisted living. Will talk to lawyer tomorrow but curious if anyone knows if house has to be sold at market value? Know someone who’s wanted to buy the property for a while but not sure if have to list it first and sell at market or can skip all that and just sell to the buyer we have ready. House itself and former liens have been paid off for years. Also, if we do have to sell at market and it’s out of our buyer’s range can we buy it ourselves at market as …

Reddit Personal Finance 660 2024-02-28

FTX Wants to Sell $744M Worth of Grayscale, Bitwise Assets

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FTX Wants to Sell $744M Worth of Grayscale, Bitwise Assets Bankrupt crypto exchange FTX and its debtors have asked the U.S. Bankruptcy Court in Delaware to approve the sale of trust assets, funds of Grayscale and Bitwise amounting to an estimated $744m, through an investment adviser.

Coindesk 772 2024-02-17

Is it better to 1) reinvest capital gains in more assets or 2) liquidate shares when the market is strong then buy back the assets — and then some — when the market drops?

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Is it better to 1) reinvest capital gains in more assets or 2) liquidate shares when the market is strong then buy back the assets — and then some — when the market drops? I’m not suggesting “day trading” — just taking advantage of long-term cycles. This might be a dumb question but I can’t seem to figure it out on my own, so any help is greatly appreciated… 🙏 submitted by /u/whayd

Reddit Personal Finance 1.3k 2024-01-05

Why are inventory assets valued at the cost to the company?

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Why are inventory assets valued at the cost to the company? I was wondering why, on a balance sheets, inventory is calculated at the cost it took for the company to obtain it rather than what’s they’re worth on the market. For instance, I pay $300 for inventory, but I can sell the product at $600 – why would my inventory value still only be $300 for the parts it took to make the product? submitted by…

Reddit Personal Finance 989 2023-12-07

If children don’t inherit debt from a deceased parent, what’s to stop a parent from simply transferring/selling their major assets to a child before their death?

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If children don’t inherit debt from a deceased parent, what’s to stop a parent from simply transferring/selling their major assets to a child before their death? One living parent. One living child. Parent sells/transfers house and other assets to child, paying any applicable taxes. Child manages living expenses and other things for parent. Perhaps the parent is in assisted living. If this is all done at the onset of a cancer diagnosis perhaps…parent racks up massive medical debt and/or credit card deb…

Reddit Personal Finance 548 2023-11-24