One of the considerations you and your partner need to make after buying a home is determining what happens to it after both of you have died. The home can be left to a relative in a will, but it could end up stuck in probate for weeks or months. You can potentially avoid this by transferring the ownership of the home to a living trust. Whether or not this is the right option for your home depends on several factors.
22 May 2017
If you own real estate, part of your estate planning will include deciding what happens with it after your death. You can choose the probate court decide, or you can take action now so that the property is not tied up in court for months. One possible method of taking care of your property is to use joint tenancy. If you are considering this, here is what you need to know.
13 March 2017
Those who have spent their working years in a high cost of living area and are seeking a more laid-back pace of life (perhaps in combination with a warmer climate) during retirement shouldn't need to limit their search to the continental U.S. Many retirees have found new homes outside the U.S., particularly in countries with universal healthcare or a favorable exchange rate. If you're wondering whether an out-of-country relocation is a good idea for your own retirement, ask the following questions about real estate.
6 March 2017
Wills aren't set in stone. There's several situations in which someone can contest a will. It's not easy to contest a will, but if it does happen, it can turn into a protracted legal battle. Who Can Contest a Will? There's a narrow category of people that can contest a will. People directly named in the will People directly named in older versions of the will Named beneficiaries Heirs to the estate Also, anyone who would have received a share of the estate if there were no will, can contest it.
24 February 2017