The Revocable Living Trust: Your Estate Planning Secret WeaponEstate PlanningHaving a sound financial plan makes sense for your future and your family’s future. You may be young. You may be new to real estate investing. But estate plans aren’t just for the wealthy; nor are they for those who are close to retirement. Estate planning is...
How Does A Reverse Mortgage Work?Estate Planning, Real Estate, Retirement PlanningActor Tom Selleck (Magnum, P.I.) is the latest celebrity shilling for them on television. Maybe you have an older family member or neighbor who has gotten a phone call from a financial institution offering them. But what are reverse mortgages and how do they work? If...
How The Qualified Personal Residence Trust (QPRT) Shields Your Home From Estate TaxesEstate Planning, Retirement Planning, TaxA Qualified Personal Residence Trust (QPRT) is a specific type of irrevocable trust that allows you to remove your primary residence or another personal home from your taxable estate. While creating can be a QPRT complicated process, doing so lets you avoid estate...
2021 Is A Critical Year for Estate Planning—A Trust Is A Great StartAsset Protection, Estate Planning, Land Trust, TaxReal estate investors were thrown a few curveballs last year, to say the least. The stress and uncertainty of 2020 motivated a lot of you to stop procrastinating and get your financial affairs in order. Trust me … Financial planners and asset protection...
Do I Need a Medical Power of Attorney?Asset Protection, Estate PlanningIt is said that change is the only constant thing in life. And while this saying has fallen into the realm of overuse, it remains true today. So how does this affect your estate planning? When planning, it will do you well to account for all eventualities that may...
Do I Need a Durable Power of Attorney?Asset Protection, Estate PlanningLife is unpredictable. But it’s not for nothing that the cliché says: if you fail to plan, you plan to fail. One of the best things you can do to safeguard your assets is to prepare for the worst, including death and debilitating illness. You should also plan for a...
Estate Planning for Unmarried CouplesAsset Protection, Estate PlanningThere are many reasons couples decide not to get married. Some choose to live together before getting married, while others see no need to walk down the aisle to make the relationship official. According to a Pew Research study, there is a growing acceptance of...
How To Protect Your Estate From A Predatory Remarriage Estate PlanningPeople tend to put off estate planning because no one likes to think about their own mortality. That makes sense, but more than 60 percent of Americans don’t even have a will in place, and you should not be among them. Sure, the estate planning process means you...
Estate Planning For An Irresponsible Child Estate Planning, Land TrustHaving an estate plan in place is one of the most important gifts you can give your children. You’ve worked hard to build up assets that will help them in the future. But a difficult question that is on the mind of many investors we work with is, “How can...