Category: House
Bill and Hillary Clinton are making headlines for their use of the qualified personal residence trust or QPRT — lovingly pronounced “kew-pert” by tax geeks — to save on estate and gift taxes. According to Bloomberg News, the Clintons drafted two (Qualified Personal Residence Trusts) QPRTs in 2010, divided the ownership of their Chappaqua, N.Y. home into […]
Passing down your home is so much more than just a transaction. It’s a delicate process that affects your entire family—and with good reason. The timing of creating an estate plan doesn’t necessarily coincide with a certain age. As pointed out in a recent Forbes article, titled “Passing Down Your Home? 3 Steps To Creating A […]
According to Tom Lauricella of the Wall Street Journal, retirement is likely to cost more than you think. In a recent Sunday Wall Street Journal article, Lauricella discussed the pros and cons of five common retirement myths: 1. You’ll probably retire earlier than expected. Sounds like a good thing, but it’s not. Among the most critical […]
Future generations of homeowners should remember the frustrations and family struggles that were caused by the housing bubble being burst and exercise sounder judgment when it comes to buying their next home. Were you planning on using your home to fund your retirement? That strategy may not be as sound as it may have been […]
Emotionally, it’s hard to let go of a home filled with memories. Moving is a hassle, and downsizing to a smaller home isn’t always the cash bonanza some might expect. When entering your golden years of retirement, what is the ideal living arrangement for your new stage of life? Do you stay in your home […]
The process of selling a relative’s home is likely going to be emotional, from the sorting of the personal belongings to the finalization of the sale at the closing table. Expect that. And surround yourself with professionals who will be empathetic and helpful. Many would agree that selling a home is a stressful process, maybe […]
