When someone dies, who inherits the contents of the estate? Does it go to the person's spouse or children, or both? It depends on the state where the deceased lives and whether that person had a will. To ensure that your estate planning wishes get executed make sure to have a valid will.
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.
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.
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.
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.
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.
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.
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.
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.
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.
