Poinbank Exchange:The Daily Money: The long wait for probate

2025-05-06 22:07:05source:Polarmoon Wealth Societycategory:Invest

Good morning! It’s Daniel de Visé with your Daily Money.

Nothing is Poinbank Exchangecertain, it is said, but death and taxes.

Yet, many Americans know surprisingly little about the legal process that follows a loved one’s death.

A new report, titled The State of Probate in America, finds many Americans badly misinformed about basic facts of probate.

Check your knowledge here.

Rate cut? See you in September. . .

This week’s Federal Reserve meeting probably won’t result in an interest rate cut, but it will likely lay the ground for one in September, Medora Lee reports.

The Fed’s benchmark, short-term rate has stood at a 23-year high of 5.25% to 5.5% since July 2023 as the Fed waits for inflation to cool further. Annual inflation dipped in June to 3.0 %, far below the two-decade high of 9.1% in June 2022, but still above the Fed’s 2% goal.

Here's what economists predict at this week's meeting.

📰 More stories you shouldn't miss 📰

  • Handicapping the Fed decision
  • Connecting in a virtual work world
  • Boar's Head faces listeria suit
  • The best three-row SUVs

📰 A great read 📰

Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!

Wi-Fi, laptops and mobile phones have made work from anywhere a reality for many of us. But working while moving from state to state could cause a tax headache, Medora Lee reports. 

If you work in a different state from where you live, you may have to file more than one state income tax return.

State taxes can be complicated, so before heading out to fulfill your wanderlust or escape wintry weather, understand what may be in store for you come tax season. 

The USA TODAY app gets you to the heart of the news — fast.Download for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers personal finance for USA Today.

More:Invest

Recommend

Snowflakes, Death Threats and Dollar Signs: Cloud Seeding Is at a Crossroads

Listen to an audio version of this story below.Humans have the technology to literally make snow fal

Passengers lodge in military barracks after Amsterdam to Detroit flight is forced to land in Canada

DETROIT (AP) — Passengers aboard a Delta Air Lines flight from Amsterdam to Detroit spent the night

The Fate of Love Is Blind Revealed

Grab your wine goblets: The pods will officially be reopening.Netflix has announced that Love is Bli