Value Of Old Stock Certificates
An old stock or bond certificate may still have some value to collectors. There are several resources for researching your old stock certificates to learn more or find out if they have any value. A quick Google search can also provide information about a company you still have a stock certificate for.
Being Smart About Inheritance Funds
Making good financial decisions with an inheritance can have a major payoff. Using the inheritance to pay off debts and create an emergency fund is a good start. A 529 college savings plan can be used for the inheritance to be stocked away for college.
Financial Planning: Save Money But Spend A Little
Financial planning and saving money is the responsible way to prepare for the future. But sometimes too much financial planning and saving money can be a bad thing. Don't let your financial planning get in the way living a happy life.
Property Cost Basis Stays Same In Divorce
When divorce happens, one spouse will often buy out the other spouse's interest in a property and will then own the property at the same cost basis at which the couple originally bought it. Some property buyers may think that the cost basis would increase and if they went to sell the property they'd pay lower taxes, but that's not the case. When parties decide to divorce and there's a property transfer it's useful to consult an accountant to understand the tax implications of transferring a property with a certain value.
Divorce Settlement Determines Property Ownership
A husband, who will soon be divorced, lives in a home paid for by his wife and his father-in-law. The wife wants to know what rights her soon-to-be ex-husband has to the property since he's not on the mortgage note. It's possible the divorce court may decide that he's entitled to one quarter of the property. His soon-to-be ex-wife will get one quarter and her father owns half. The exact property ownership breakdown will depend on the divorce settlement.
Commercial Real Estate Liabilities After A Divorce
When you own commercial real estate with a former spouse and decide to remarry it may require clarifying the assets you hold. To resolve who's liable for paying the mortgages, it may mean signing a quit claim deed or other documents. But before signing anything about your commercial real estate holdings, you should consult with an attorney to understand what you're signing. And before getting married, inquire about a future spouse's financial obligations.