Track Expenses To Create A Household Budget
As the economy tightens, more Americans may be thinking about their household budgets. Household budgets include major expenses such as rent or mortgage payments, but also smaller costs such as cable television. How can you set up a household budget? Track daily expenses to see what you're spending. Use a money tracking software program such as Quicken or Microsoft Money to make tracking expenses throughout the seasons easier.
Law May Override Inadequate Estate Planning
A woman writes saying she was the personal representative for her son's father's estate. She does not live in the area of the estate and the judge removed her as personal representative. She feels the judge was not impartial in changing the personal representative for this estate settlement. She wants to know her legal rights concerning who is the personal representative for this estate settlement.
Estate Planning and Trusts Book Review
Learn about estate planning, including trusts from John Ventura's new book: "Kiplinger's Estate Planning: The Complete Guide to Wills, Trusts, and Maximizing Your Legacy." This estate planning and trusts book review shares that less than 50 percent of Americans have a will. Planning your estate and possibly a trust will ensure that your estate goes to the heirs you select. Estate planning and trust requirements will vary depending on where you live and what kind of property you own.
Divorce Advice For Women About House Title
Women going through divorce may need advice about what to do about their house, especially if their names aren't on the deed or title to the house. When your name is not on a house deed, do you still have a right to part of the home value? To figure out how to handle such a divorce situation you should see a divorce attorney.
Estate Planning Ensures Inheritance Wishes Met
When you have real estate assets and you want to leave them as an inheritance to certain family members, it's crucial to do estate planning. Not having your wishes in writing can put the real estate (or sale proceeds) at risk of getting into the wrong hands. Thorough estate planning ensures that the people you want inherit your estate. Without estate planning, the laws of your state govern your estate when you die.
Estate Planning Includes Transferring Title To Real Estate
As parents, you may decide you want to pass on your real estate holdings to your children. To figure out the right way to pass along property, without incurring excessive taxes or mortgage liabilities, you should do some estate planning with the help of an estate attorney and accountant. When you change the title of a property to the name of your children without proper planning the cost basis becomes the property's original value as opposed to that on the day of your death.