Building a collection takes years of dedication, time, and genuine passion. Whether your collection is filled with the most stunning renaissance artworks or McDonalds’ Kids Meal toys, creating an estate plan that dictates what happens to these items can ease your mind. Death is Inevitable Everyone dies. Bottom Line. You cannot escape death. Often times,…
The previous article gave us an idea of how to resolve estate planning issues and how to value the house before selling it. This part looks at the next steps. Perform a Home Inspection Tidbit Did you know that if a home review uncovers problems with the house, the buyer might lose interest in your…
When planning your estate, reality remains that the worth of your assets changes with time. By the time you are done with the estate plan, the value might have shifted up or down. This is the reason you need business valuation services. When you handle business valuation using an expert, you are sure that the…
In the last part of this series on estate planning, we look at the other ways to sell off the house successfully. Tidbit The number of houses that were sold in 2019 is 12.4 percent more compared to the previous year. Meaning more and more people are opting to sell their homes. Selling to an…
Statistics show that more than 80 percent of people have homeowners insurance. This means that the house you inherit most likely has an existing insurance policy. After you determine the mortgage and other debts on the property, you can now go ahead to see if your parents had an insurance policy on the house, and…
Scenario When Jane’s mother passed away, she knew she would get a good share of the estate that her mother had grown over the years. She knew that the mother had real estate and money in the bank. When the will was finally read out, she was surprised to discover that the mother hadn’t left…
As stated in the four previously published articles, estate planning is a critical part of one’s life, especially as you get older and/or bring children into the world. The other three articles covered things such as fraudulent signatures and undue influence and how these can affect the validity of an estate plan. When planning for…
This article gives readers a brief overview of several core concepts in estate planning. This guide is an excellent starting point for people new to estate planning and can be used in conjunction with an estate planning attorney. Knowing these basic concepts will benefit you and ensure the estate you’ve committed your life to earn…
LIQUIDITY & LIFE INSURANCE IN MY ESTATE PLAN It is essential to address issues of liquidity as part of your estate plan. Life insurance may be used as a main liquidity resource in your estate. Some of the most commons purposes for life insurance policies are as follows: • Quick access to cash for your…