Estate Planning issues in Multigenerational Homes
When multiple generations live on the same property, issues over ownership, who inherits what and who provides what can get complicated fast.
August 9, 2023
Important to Evaluate your Planning before a Second Marriage
If you are getting remarried, you obviously want to celebrate. However, it is also important to focus on less exciting matters, like redoing your estate plan.
August 7, 2023
Family Vacation Home need Planning for Future
The family vacation home is often a point of pride, a place for reconnecting and making memories. A vacation home, whether it’s in the mountains, near the sea, on a lake, or on a farm, can have sentimental as much as economic value.
July 24, 2023
Life Estate may be a good option for Older Homeowners
By understanding the features of a life estate and creating one at the right time, you can reap the following benefits….
July 20, 2023
Deeding your House to your Child can Backfire
If a child you’ve added to your deed goes through a divorce, has tax issues, is sued by someone, or must declare bankruptcy, your house could be on the chopping block!
July 3, 2023
There are Benefits to Creating A Life Estate
A life estate is a form of property ownership that splits control and ownership of a property. The person who creates the life estate for their home and assets is known as the life tenant. Though the tenant retains control of the property, they share ownership during their lifetime with the remainderman, a legal term referring to the estate’s heir.
June 20, 2023
Pitfalls of Gifting and Joint Ownership
There is a popular misperception among many seniors that in order to protect their assets from creditors, including the cost of nursing home care, they should consider gifting their assets to their children.
June 19, 2023
The Estate of The Union Season 2|Episode 8 is out now!
The Estate of The Union Season 2|Episode 8 is out now! Homelessness is not going away. How we manage it can be frustrating and sometimes
May 25, 2023
Life Estate can be a Cost Effective Option
A life estate is a type of property ownership or tenancy that grants an individual the right to use and enjoy a property for the remainder or their life. It gives an ownership interest to someone else.
April 27, 2023
TODs can Derail an Estate Plan if not Coordinated
A primary benefit of using TOD/POD designations is that assets held in the account will pass automatically to the beneficiary without having to go through probate.
April 11, 2023