Inheriting a House? What You Need to Know
March 25, 2020
Depending on whether you are the only beneficiary, or you are buying out other beneficiaries, you could move in, rent or sell.
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Depending on whether you are the only beneficiary, or you are buying out other beneficiaries, you could move in, rent or sell.
If you pass away without naming beneficiaries in your will, it can create legal entanglements for your heirs.
Even if your asset base doesn’t measure up to the Bill Gates standard, you may consider using trusts in estate planning. This is because they can help your heirs in many different ways.
They want to leave their house to all three of the children, but they do not want us to sell the home after they both die. Is there a way they can make it, so the house can’t be sold after their deaths?
Nobody really likes getting a smaller piece of the pie.
A trust is an account that gives a person control over who will receive their assets during their lifetime and/or at their death.
The death of a beneficiary scenario can arise in settling either a probate estate or a trust administration. The beneficiary’s death affects both the administration of the first decedent’s probate estate or trust and the administration of the beneficiary’s own estate.
Many older clients faced with choices regarding late blooming relationships—whether from death or divorce—are confronted with a decision. Should they remarry or should they continue the new relationship without marriage.
Luke Perry’s passing on March 4, 2019 was a sad moment for many, since his iconic role on Beverly Hills 90210 is forever etched in pop culture. However, in the eight months since his passing, it has become clear that unlike most celebrity estates, Luke Perry was financially savvy.
Taxpayers can benefit from higher thresholds for U.S. estate and gift taxes, even if they don’t die until after the tax overhaul expires in 2026, the Internal Revenue Service said.
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