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.
Simplify Personal Finances With Online Banking
A bank account holder asks about online banking and overdraft protection saying he recently paid a high amount of fees. Banks and credit unions offer different kinds of overdraft protection and electronic banking. But no matter what kind of overdraft protection you have, you need to know the fees the banks charge. Take charge of your personal finances by using online banking to monitor when the money is in your account.
Real Estate Advice In Relation To Divorce
When you go through a divorce you may need to hire a real estate agent to help you sell the home you shared with your soon-to-be-ex-spouse and also to help you buy a new home. Each real estate agent uses different techniques to do his or her job and sometimes the person going through the divorce may have a hard time with some of them. Who can help you in such a situation? It helps to contact attorneys specializing in divorce and real estate prior to selling a home.
Dividing Divorce Assets Could Affect Credit
When you get divorced, the person whose name is on the mortgage loan is responsible for that debt, even if both people's names appear on the title to the home. To change the names on a mortgage loan, the loan must be refinanced. Depending on how this asset, the home, is divided between the two spouses during a divorce, it could affect their credit histories and credit scores.