Estate planning includes all the planning that’s involved for setting up a will, a trust and making sure that your assets go to the people or organizations that you want to have them. Estate planning is complex — you should consider taxes when making plans for your assets to go to your heirs. If you don’t do estate planning you risk having your belongings managed by the state where you live, and your state’s laws may not match exactly what you want. Estate planning is especially important in blended families.
Canceling New Construction Real Estate Contract
Can I cancel a real estate contract? A reader that wants to walk away from a real estate deal because there are too many issues with the house, builder, and real estate agent. However, you usually can't just terminate a contract. The buyer must determine if the problems are enough to truly prevent occupancy.
Real Estate Market In Great Britain: Property Prices High
Property prices in Great Britain are skyrocketing as the real estate market gets more expensive. Thousands of manor houses in Great Britain have driven property prices and the real estate market to escalating levels. Most of the manor houses in Great Britain's real estate market have a combination of old and modern features which make property prices higher.
WSB Radio Show Archives
Every week Ilyce Glink offers her WSB listeners useful real estate advice, personal finance advice, and tips on making life just a little bit easier. ...
Revocable Trust Administrator Duties
If you're thinking of setting up a revocable trust for a parent or have been asked to be an administrator of one, you will need to make sure you retitle assets that are placed in the trust. Assets include primary residences, vacation properties or even stocks and bonds. Trusts are often used in estate planning.
Revocable Trust Can Meet Estate Planning Needs
How can you ensure that your investment property gets transferred to the correct heir in the event of your death? Is there a way to meet your estate planning needs and still allow you to enjoy the investment property's income while you're alive? A revocable trust may be able to meet these estate planning needs.
Paying For Long Term Care With Property
A trust can be used to shelter assets and give ownership to the trustees of the property, or other assets. However, if the previous owner goes into nursing home care soon after the trust is set up, it can be undone by the state to pay for the original owner's care. While using cash or other assets to pay for long-term care isn't as appealing as having Medicaid pick up the bill, that's what assets are there for.
Estate Planning: Power Of Attorney And Living Wills
Estate planning such as designating power of attorney is a smart move. A living will, has nothing to do with the financial aspect of estate planning, but allows you to describe the kind of medical treatment you want in certain situations. A durable power of attorney is a good move as far as estate planning, because it lets you select someone to make tough decisions and pay bills for you after you are no longer able to choose.
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.
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.