Ilyce Glink, ThinkGlink.com and Best Money Moves
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Ilyce

About Ilyce Glink

Ilyce Glink is an award-winning, nationally-syndicated columnist, best-selling author, and radio and television personality. She is the best-known consumer advocate for home buyers, sellers, and owners, and her content touches millions of readers, viewers, and listeners each week. She is the Founder/CEO of Best Money Moves, an employee benefit that companies provide that helps employees measure financial stress, then dials it down with a unique content mapping system. She is also the Founder/CEO of Think Glink Media, a digital content agency, and the Publisher of ThinkGlink.com. Listen to Ilyce on WGN Radio each week, follow her on Twitter, and sign up for the ThinkGlink free weekly newsletter, in the blue box at the bottom of this page.
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Tax Treatment of Inherited IRA Depends on Distribution

By | January 19th, 2009|

When you inherit an IRA, what taxes do you have to pay on it? The income tax you pay on an inherited IRA depends on how you receive the money. If you receive the money immediately upon the IRA owner's death then you'll be taxed at your regular income tax rate. If you roll the IRA money into an inherited IRA you have up to five years to withdraw the money and pay taxes at a marginal tax rate. For more information contact an estate attorney or a tax preparer.

Timeshare Company Files For Bankruptcy

By | January 19th, 2009|

A timeshare company has filed for bankruptcy. Even though the timeshare company has filed for bankruptcy, payments on timeshares still need to be made as normal. If the timeshare developer is in financial trouble, you may experience problems with the overall experience of owning your timeshare.

Tips To Prepare For Moving Day

By | January 19th, 2009|

Planning a move? New figures released by the National Association of Realtors indicate more homes are on the market. Here's some advice to those planning on moving in the future, because it's never too early to prepare for the big day.

Title Company Can Resolve Quit Claim Deed

By | January 19th, 2009|

Regardless of whether you've been paying property taxes, to really be a property owner your name has to be listed on the property's title. In one family's case some land was signed over using a quit claim deed and one of the heirs is now unsure whether she's listed on the title or is the owner. It may be useful to contact a title company and/or a real estate attorney and do a check on the chain of title, which will provide who owned the property when.

Title Problems After Father’s Death With No WIll

By | January 19th, 2009|

A house was left to her father in 1930. She has lived in the house her whole life, but her parent's have now died. She wants to know if she has legal ownership to the house because her father did not leave a will, but her mother's name was not on the title. States have different stipulations for inheritance and title issues, but she may be able to claim the title with "adverse possession."

Trying To Sell Your Home Fast

By | January 19th, 2009|

A seller needs to sell their home fast and has no offers even though it is priced below market value. A comparative marketing analysis may be helpful in figuring out how long the average home in the neighborhood is sitting on the market. Looking at the real estate agent's performance might give some clues as to why the home isn't selling, also.

Understand Prepayment Penalty When Signing Mortgage Documents

By | January 19th, 2009|

Even if you're signing a big stack of mortgage loan documents, you're still responsible for what they say. If there's a prepayment penalty on your mortgage loan and you're not aware of it, you still have to pay it if you pay off your loan early. While you may expect your mortgage lender or real estate agent to talk to you about a prepayment penalty, it's ultimately your responsibility.

Use Living Trust Instead of Title Change For Inheritance

By | January 19th, 2009|

When you want to bequest property to someone it may be better to use a living trust instead of changing your home's title outright. If the person who you want to inherit your property is having marital strife, changing the title may cause the property to be considered part of the marital estate. In addition, if your heir lives outside of the U.S. that's another factor to consider in the decision about whether to use a living trust or change the title to the house.

Wait As Long As Possible To Lock In Interest Rate

By | January 19th, 2009|

To get the best interest rate when closing on a home purchase, wait until the last possible minute to lock into a rate. It might also be wise (and cheaper!) to consider an adjustable rate mortgage instead of a fixed rate mortgage.

What Happens To Tenant After Foreclosure

By | January 19th, 2009|

With the rise in foreclosures since the credit crisis, many renters or tenants find themselves directly affected. What options do tenants have if they're served with a lis pendens for foreclosure? Lenders used to evict tenants but in this housing market many landlords prefer to keep the tenants in the foreclosed homes. Foreclosure does not always have negative effects on tenants.

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