Estate planning includes all the planning that’s involved for setting up a will, a trust and making sure that your assets go to the people or organizations that you want to have them. Estate planning is complex — you should consider taxes when making plans for your assets to go to your heirs. If you don’t do estate planning you risk having your belongings managed by the state where you live, and your state’s laws may not match exactly what you want. Estate planning is especially important in blended families.
Retirement Investments And Estate Planning: Finding A Financial Advisor
There are several places to go to find a qualified financial advisor to help you decide on retirement investments and estate planning. Flat fee financial advisors who can assist you on decisions dealing with retirement investments and estate planning is through the Garret Planning Network. The National Association of Personal Financial Advisors can give you a list of fee-only financial advisors who can help you make decisions on retirement investments and estate planning.
Transferring Deeds On Inherited Property
To divide multiple properties acquired through inheritance, the owners will have to have new deeds drafter. Each partywill have to sign each new deed, but the "grantee" on the deed will become the official new owner. Don't forget to hire an attorney to help you in drafting the deeds and in making sure that they get recorded with any additional documentation that is required of you.
Neighbor’s Home Sold By Resale Company
It is easy to be concerned about the value of your home. However, it is impossible to predict what the market will be like in three years, so you should not worry about the selling price of neighboring homes affecting your property value too much. The best thing you can do to raise your home value is to keep your house and landscaping in good order.
House Owned By LLC
If a house is owned by an LLC (limited liability company), the owner is that company. In owning a house, an LLC would be no different than a corporation owning the home. Just like a person, an LLC or a corporation can hold title to a house and other sorts of real estate.
Is Now The Time To Sell Real Estate?
With the real estate market softening, when is the best time to sell an investment property? Understanding the "real estate bubble" can help you make good decisions about your real estate investment. Holding out for a profit you expected to get on the investment could backfire.
Helping Mother With Estate Planning
A mother has a piece of land that is supposed to be left between her two children in her estate. One of her children and his wife use the property and keep their horses on it, so do they have a greater claim to the property? There are many unlikely requirements the brother and wife would have to meet to claim the land as theirs once it is in the estate.
Seller Disclosure Laws
Most states have seller disclosure laws that require the seller to disclose to you material defects that affect the home. If a seller lies to a buyer about a material defect in the home, you can sue the seller to recover your damages. In some cases you can even recover your attorneys' fees in suing the seller.
Estate Planning Can Prevent Future Confusion
When you lose your spouse and your spouse did not have a will it may make transferring assets such as a home confusing. Estates without a will have to go through probate, which can take some time. Learn how to clear up the ownership of a home and provide your children with clear legal ownership if something should happen to you.
Landlords Manage Rental Property With Quicken Rental Property Manager Software
Quicken Rental Property Manager has an easy-to-use interface for landlords to use that is reminiscent of Quicken, the money management software created by Intuit. The software allows the landlord to enter information about each tenant and his or her lease, how much the rent is, and if you have charged late fees or interest, to help them manage rental property. When landlord receives rent checks from tenants of the rental property, the software tracks who paid what and when.
Bringing The Future To The Present When Buying Your First Home
Bringing the "future to the present" is a phrase my friend Michael Alter, president of SurePayroll, likes to use when working on closing a sale in business. Bringing the future to the present allows home buyers to eliminate potential obstacles to a deal and get it done. It allows pre-buyers, those who are still in the dreaming stage, to organize their thinking and figure out what kinds of steps they need to take to achieve their goal of homeownership.