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311 items found for "transfer home"
- WORKING WITH A TEXAS LAWYER TO FUND A SPECIAL NEEDS TRUST
That is where a good Texas special needs lawyer comes into play. Funding a Special Needs Trust In some cases, the funding of the trust is fairly straightforward. A home may be left to the trust for the child’s needs, or there may be directions to sell the home and those who do not have significant funds to contribute to a special needs trust do have options when it comes
- Dividing Assets When Divorcing
The More Organized You Are, the Better A list is your best tool when it comes to getting yourself organized Expect Everything to Be Equal Most divorces turn out the be fair, but not necessarily equal when it comes Typically, most couples struggle with homes, vehicles, retirement benefits, household items, and valuables have children, judges will typically grant that the parent with primary physical custody stays in the home However, some couples will choose to sell the home and split the proceeds.
- Poor Man’s Trusts Approved in California
In the past, the only way single people could avoid having their home avoid probate—without adding someone Starting in 2016, homeowners who want to use the new option will simply sign an instrument called a Simple Revocable Transfer on Death Deed. Transfer on death deeds that are executed between now and then would not be impacted, but would still Reference: The San Francisco Chronicle (November 9, 2015) “Californians have a new way to keep homes
- Planning for All Generations Starts Now
But their lives may also include a spouse, children, and a home, which means juggling expenses like mortgage Navigating the complexities of Medicare coverage can be challenging, requiring homework. long-term care insurance to hedge against the cost of future health issues that might require a nursing home or special home care. Finally, your investment portfolio will need some tinkering.
- Harris County Probate vs. Non-Probate Property – Know the Difference
Many people think that as long as your will clearly defines how you would like to transfer your property Especially when it comes to probate in Harris County. There are many different rules that can impact how assets are transferred in a way that maybe you had
- Teen Heartthrob Bieber Doesn’t Want to be “Sorry” When It Comes to Estate Planning
Bieber also has made some decisions about his final resting place: the singer wants to have a solar-powered by Justin’s interest in his own funeral plans, including his mother Pattie Mallette, who expressed some
- ADVICE FROM A HOUSTON PRENUPTIAL LAWYER REGARDING SECOND MARRIAGES
Prenup in a Second Marriage Not only is a divorced person more aware of the financial headache that comes For example, a mother may intend for the home she bought before the marriage to be passed on to her children Wills and trusts come into play when looking at inheritance, so the prenup is more of a starting point than an ending point when it comes to laying out your longest-term plans. You can even have some influence in what happens after your death through the prenup.
- Turning the Big 5-0? Start Planning Now!
If you think your income will decline in coming years, consider taking advantage of your current ability Downsizing Your Home. In many instances, you can avoid owing capital gains taxes on the sale of your home. If you’ve lived in your home for at least two of the five years prior to its sale, you can exclude from
- Yours, Mine, and Ours: Estate Planning In a Community Property State
Where Does Community Property Come From? First, we need to make sure both types of property are transferred to the person or people the owner
- How to Divide Your Assets among Your Children
recent post on cincinnati.com, “Tough task: Dividing assets after a death,” asks this question: when it comes Divorce and remarriage can create families where some of the kids have one but not both parents in common In some cases, it’s not in equal shares. Or do they come on as silent owners, owning but not having control of running the business? When a parent needs home-health-care attention.
- Don’t Delay: Talk about Alzheimer’s During the Holidays
prevent families from having to spend all of the assets in order to keep a family member in a nursing home Medicaid “look-back rules” on the transfer of financial assets can be complex, and understanding them
- Make Retirement More Fun with Estate Planning
Your legacy is important, and thanks to estate plans, your impact can be felt for many years to come. Establishing your estate planning documents will allow you to travel knowing that everything back home The reality is that many people make unwise decisions after coming into large sums of money. From education to real estate to investments, your hopes and dreams for your family can live on for many This is especially true when it comes to estate planning.