Capital Gains Tax When You Sell Your House After a Divorce
After divorce, your capital gains tax burden on the sale of a property owed with your ex-spouse can be difficult to determine. Q: I separated from my husband five years ago, was divorced four years ago. As part of the divorce decree, he was to live in the house until both of our children went [...]
Will, Living Trust and Power of Attorney: Which Do I Need?
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 [...]
Estate Planning & Protecting Assets from an Estranged Spouse
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 [...]
How to Save More Money in the Country’s 5 Most Expensive Cities
It’s hard to find ways to save more money, and living in one the country’s most expensive cities makes that goal even more difficult. The good news? I’ve got three tips that can help you save more money without having to pack up and flee the neighborhood. Last month, a GoBankingRates study looked at the [...]
What is a Successor Trustee? And Can She Live Abroad?
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 [...]
7 Quick and Easy Ways to Save More Money in 1 Hour
Everyone could use some money help, but it seems like there’s never enough time to get started. But what if you could save more money each month and learn how to budget in just one hour? In honor of Money Smart Week, I’ve compiled 7 quick and easy ways to save more money in just [...]