Estate Planning Helps With Real Estate Decisions
When your family owns several real estate investments, it's important to do thorough estate planning so that the wishes of those who own the properties are met. How can you balance a property that needs repairs with ensuring an elderly relative's medical costs are still met? An estate planner can help decipher the tax laws and help make good decisions for the property owner and the children who stand to inherit the home.
Installment Purchase Of A Home
An installment purchase of a home is a process by which you sign a contract to buy a home over time. The seller keeps the title to the home and when you fulfill the requirements under the contract, the seller is supposed to transfer the title to you. To protect yourself with an installment contract for a home, you need to make sure the contract has protections for you as the buyer.
Slow Lenders May Not Be Enough To Cancel Contract
These home buyers wonder if they can cancel a contract with a builder because the builder's affiliated lender is moving too slow. The buyers will have to look at the details in their contract to determine if they can cancel it. Most contracts would require you to give the sellers written notice that you didn't get financing and tell them that you are terminating the deal.
Setting Up Real Estate Business As LLC
One way to set up a real estate business is using a limited partnership, corporation or limited liability company (LLC). For real estate purposes, most people agree that a limited liability companies gives its organizers the most flexibility in terms of structure and for income tax purposes. An LLC shields its members from claims from creditors and litigation matters and permits the tax benefits of the LLC to flow directly to its members.
Save Money On Burial Costs: Skip Embalming
When you're doing estate planning and calculating how much to set aside for the funeral or burial service, you may decide to skip embalming to save money. Learn about the rules that funeral homes must follow concerning embalming and how embalming is not required so you can save some money on funeral costs.
Reporting Problems With Online Auctions
If you have problems with an online auction transaction, you have several options for resolving them. First contact the auction site directly. If that is not successful, then you should contact the BBB or FTC commission to file a complaint about the auction site.