Personal Finance Blog - Spreading Financial Independence. Guest Bloggers Are Welcome

Guest Bloggers Are Welcome

How to Organize your cleaning storage Closet?

By: Evangelin A Estate Planning Views: 1523 | Comments: 0 | Votes: 0

In the event that your wardrobe is combative, it is difficult to be persuaded to clean the rest. Step by step instructions to Organize your cleaning stockpiling unit You’ll realize you have the cleaning services you like and it’ll be not difficult to track down as you fix your cleaning closet. It’s an advantageous beginning stage for the remainder of your home to tidy up. More

Important Steps for Housing Swap

By: The Vacation Exchange Network Estate Planning Views: 953 | Comments: 0 | Votes: 0

Housing swap is often not the first thing that comes to mind when someone thinks about going on vacation. Yes, it’s true with housing swap. You can peruse listings of hundreds of home swappers worldwide.You can swap in one of the two ways: a direct, two-way exchange where you can swap your house for someone else’s. First-edition of novels? Or expensive crockery? More

Planning Tips for Today's Economy

By: The Lawyer In Blue Jeans Estate Planning Views: 3175 | Comments: 1 | Votes: 0

During a time of economic change, it is wise to review your financial plan to consider potential adjustments and improvements. Even if you reviewed your plan within the past year, the following tips can help determine whether additional revisions may be needed. 1. Review your estate plan. This will ensure that that your intentions in distributing your assets are understood. More

Who Needs a Living Trust?

By: Sonja Panajotovic Estate Planning Views: 3737 | Comments: 1 | Votes: 0

Any California resident with an estate of $100,000 or more can benefit from having a living trust. The Trustee simply distributes assets to the named beneficiaries as long as those assets have actually been placed inside the trust. However, the fact that the assets are now in a trust has no practical affect on ones rights to, or interest in, his or her assets. More

Selecting a Good Trustee. Factors to Consider When Choosing a Trustee.

By: Rocco Beatrice Estate Planning Views: 3918 | Comments: 0 | Votes: 0

When selecting a Trustee the most important qualities are honesty, stability, dependability, organization, financial experience, and ability to devote time and energy on an impartial basis for the benefit of all Beneficiaries. A trust that is created at death by virtue of a will, is referred to as a Testamentary Trust by the “Testator" (the dead guy). Location of the assets. More

What to Know Before You Close

By: Art Of Saving Estate Planning Views: 3236 | Comments: 0 | Votes: 0

You've done your shopping, found a beautiful, functional home close to everything you need, and your offer has just been accepted. Before you close the deal, here are a few things to consider.Unlike renting in which you pay in advance for the upcoming month, a mortgage is paid "in arrears". Say, for example, you close a sale on June 29th. More

How a Charitable Remainder Trust Avoids Capital Gains

By: Art Of Saving Estate Planning Views: 3322 | Comments: 0 | Votes: 0

Do you own a highly appreciated asset that produces little or no income? Are you selling your business? Are you highly compensated and looking to shelter more of your income? Here is an example that applies to anyone contemplating selling a highly appreciated asset.In the Path of ProgressClarence and Mildred had a farm that has been in the family since 1930. Mary is frugal. More

Life Insurance For Estate Planning

By: WiseSaver Estate Planning Views: 6143 | Comments: 0 | Votes: 0

There are many reasons to put together an estate. One of the main reasons for those who already have grown children is to ensure that their assets are divided and distributed equally among all the heirs. This is not wise. If you list your estate as the beneficiary, then the proceeds of your life insurance policy will first have to go through probate. This could make your estate taxable. More

Is It Too Late To Create Your Living Trust?

By: Ruth Campbell Estate Planning Views: 3391 | Comments: 0 | Votes: 0

All that is basically required is to draw up a trust directing how the assets (usually property) will be managed.Many people who have large property packages that are being rented out for income assign these properties to a living trust, and enjoy the rental income as long as they are alive. In other words they can be changed and revalued. More