Generally, there are three options to choose with an inherited house: live in it, rent it, or sell it, and deciding how to proceed can be overwhelming.
Getting your financial and legal house in order is likely the last thing on your mind during tax season. However, starting is much easier than you think. In fact, now is a perfect time. Don’t hold this task off for later. Some careful thought and a little bit of work now can go a long way […]
Creating an estate plan is often pushed back on nearly everyone’s to-do list. The reasons you might be delaying vary from lack of time, not thinking you have enough assets, not knowing how to start, or fear of contemplating death. Whatever the reason, now is the time to meet with an estate planning attorney to […]
In a society dominated by paperwork, the question of how long to hold on to important documents has been baffling for most people. We especially worry about documents of a financial or personally identifying nature. People who worry about losing something important sometimes hoard everything; others who worry about things like identity theft are too […]
A comprehensive estate plan should address all of your assets, including rental property. For most people, an estate plan must include three common categories: Your home Financial accounts (like your checking and savings account) Personal property. Other types of assets – such as life insurance, retirement funds, and annuities – should also be considered as […]
If you’re a frequent airline traveler, one of your estate planning concerns may be what will happen to your frequent flyer miles. They could be worth thousands of dollars, so you probably don’t want them to just disappear. The problem is that some airline policies say that’s exactly what will happen. The law doesn’t consider airline […]
Just like David Bowie’s death taught us earlier this year, the unexpected demise of Prince provides a strong lesson in the importance of proper estate planning. (or the dangers of a lack of proper planning). According to the latest reports, Prince’s sister, Tyka Nelson, has filed court documents stating her brother left no will. Tyka […]