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.
Neighbor’s Home Sold By Resale Company
It is easy to be concerned about the value of your home. However, it is impossible to predict what the market will be like in three years, so you should not worry about the selling price of neighboring homes affecting your property value too much. The best thing you can do to raise your home value is to keep your house and landscaping in good order.
House Owned By LLC
If a house is owned by an LLC (limited liability company), the owner is that company. In owning a house, an LLC would be no different than a corporation owning the home. Just like a person, an LLC or a corporation can hold title to a house and other sorts of real estate.
Is Now The Time To Sell Real Estate?
With the real estate market softening, when is the best time to sell an investment property? Understanding the "real estate bubble" can help you make good decisions about your real estate investment. Holding out for a profit you expected to get on the investment could backfire.
Helping Mother With Estate Planning
A mother has a piece of land that is supposed to be left between her two children in her estate. One of her children and his wife use the property and keep their horses on it, so do they have a greater claim to the property? There are many unlikely requirements the brother and wife would have to meet to claim the land as theirs once it is in the estate.
Seller Disclosure Laws
Most states have seller disclosure laws that require the seller to disclose to you material defects that affect the home. If a seller lies to a buyer about a material defect in the home, you can sue the seller to recover your damages. In some cases you can even recover your attorneys' fees in suing the seller.
Estate Planning Can Prevent Future Confusion
When you lose your spouse and your spouse did not have a will it may make transferring assets such as a home confusing. Estates without a will have to go through probate, which can take some time. Learn how to clear up the ownership of a home and provide your children with clear legal ownership if something should happen to you.
Landlords Manage Rental Property With Quicken Rental Property Manager Software
Quicken Rental Property Manager has an easy-to-use interface for landlords to use that is reminiscent of Quicken, the money management software created by Intuit. The software allows the landlord to enter information about each tenant and his or her lease, how much the rent is, and if you have charged late fees or interest, to help them manage rental property. When landlord receives rent checks from tenants of the rental property, the software tracks who paid what and when.
Bringing The Future To The Present When Buying Your First Home
Bringing the "future to the present" is a phrase my friend Michael Alter, president of SurePayroll, likes to use when working on closing a sale in business. Bringing the future to the present allows home buyers to eliminate potential obstacles to a deal and get it done. It allows pre-buyers, those who are still in the dreaming stage, to organize their thinking and figure out what kinds of steps they need to take to achieve their goal of homeownership.
Time For Home Team To Help Home Buyers
Ex-Apprentice, Troy McClain, gets back to the business of helping people finance their homes. McClain spent the 12 years leading up to his shot on the show approving mortgage loans and refinances in Boise, Idaho. After the show, he went back home and tried to figure out how to translate the lessons he learned on the show into building his business.
Advantages Of Buying With Cash
Paying off your home early will have you sitting pretty to save for retirement. If you are in the position to live house-payment free (except for your property tax bill each year), that will give you a lot of extra cash to put away for your retirement. Continuing to invest in real estate can also give you big returns and add to your retirement pot.