The estate planning market was originally conceived to handle the distribution of assets (mainly real estate) among the descendants of deceased rich people. There were two objectives to this exercise. Firstly, estate planning helped structure the distribution of wealth among the deceased’s spouse, children and other friends and relatives. The second objective was tax planning.
Many people believe that having an estate plan simply means drafting a will or a trust. However, there is much more to include in your estate planning to make certain all of your assets are transferred seamlessly to your heirs upon your death. A successful estate plan also includes provisions allowing your family members to access or
The popular saying in property or real estate investment is “buy low, sell high.” So, why are more people not turning a profit on their property with such a simple rule? Because it can be difficult to know what “low” and “high” is in a market that’s constantly changing. Many people can overvalue real estate.
Buying a vacation home is a huge decision. After all, both your money and your invaluable leisure time are at stake. Before you put an offer in on a property, you need to evaluate whether or not purchasing a second home is the right move for you. Fortunately, we can help with that. Below is
Each type of investment comes with its advantages and disadvantages. Nevertheless, millions agree that real estate is the best type of investment as the pros clearly outnumber and exceed the cons. If you are considering whether you should diversify your investment portfolio with a couple of real estate properties, here are the most important benefits
When I discuss year-end tax planning with my clients, many of them say they plan to accelerate deductions from 2019 into 2018. I caution them not to take their eyes off the calendar when they write checks at year’s end. Their efforts to offset write-offs against 2018’s income rather than 2019’s could be thwarted by