Estate Planning: Wills And Power Of Attorney
Ready to get your estate in order? Look no further for estate planning advice Here's how to get your estate planning started with living wills, powers of attorney for health care, and powers of attorney for financial matters.
Estate Planning Helps Avoid Excessive Taxes
When you have rental property that you want to bequest to your children you should do some estate planning. You can change the real estate title while you're alive or wait until your passing depending on your estate planning. Depending on how you pass along the property your children may face an increased cost basis when they sell the home, resulting in higher taxes. To reduce taxes on an estate it's helpful to set up a trust as part of estate planning.
Check Cashing Fees At Currency Exchanges
What can a currency exchange do for you that a bank can't? Many people use currency exchanges to cash checks, pay bills or obtain money orders. For people living in neighborhoods that don't have many financial institutions, currency exchanges offer easy access to various financial services. However, currency exchanges earn a profit by charging a fee for most of their services. As such they tend to be a more expensive option than other financial institutions. More importantly, there are no savings accounts at currency exchanges. You won't build up your personal net worth if you only frequent currency exchanges and never visit the bank.
Estate Plan Includes Will And Powers Of Attorney
Do you have an estate plan? You do, whether you intended to or not. If you haven't made out a will or a trust, you have a plan--unfortunately, one that is defined by the laws of the state where you reside at your death. Don't let the state decide important matters like who gets guardianship of your children. Put together an estate plan that includes a will, powers of attorney for health care and financial matters and possibly a trust.
Lower Energy Bills In Winter
How can I lower my energy bills? Great question! Winter energy bills can really put a dent in your pocketbook. Here are some great ways to lower energy bills and save money while staying warm in the process.
Gifting Real Estate With Minimum Gift Taxes
When you're giving property as a gift, do you're homework to minimize the gift taxes. If you want to give real estate as a gift and not pay high taxes to the IRS, you have to take a few important steps, and consulting an attorney will help you take them. Ilyce Glink walks you through the basics of gifting property with minimum gift taxes.