When it comes to joint ownership and estate planning, it's important to understand whether you own the property as tenants in common or tenants with rights of survivorship. Q: I have a question. My brother and I got an apartment together nine years ago. We are joint owners. He was never married but has four [...]
A will, living trust and power of attorney are all useful documents to have in your estate plan. Which documents are right for you can depend on your situation and the size of your estate. Q: I would like to express my appreciation to you for your reply and guidance to a previous question some [...]
Joint homeownership affects who pays capital gains tax when you sell, but the cost depends on several factors. Q: I own my house, free and clear in Arizona, together with my two sons. If I sell, the capital gains tax is 15 percent. Do we each have to pay 15 percent on the profit or [...]
In most states, estranged spouses are entitled to a portion of their spouse's estate. Protecting your assets, as in this reader's case, can be complicated but an estate attorney can help. Q: I was married in 2010. My husband left me in 2014. In 2015, I purchased a house. I have four daughters, none with [...]
What is a successor trustee? And, can she live abroad? We get questions like these fairly frequently, as immigrants to the United States often try to buy a home as quickly as possible. But, they may not have anyone living in the United States who they trust to take care of their wishes. Q: My [...]
What are some actions you can take to improve your personal finances? To improve your personal finances you should save money for an emergency fund, not buy anything you don't need and put together an estate plan. Following these tips will put you on more firm financial footing.