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What is a Letter of Instruction?
Planning for the transfer of your assets following death involves more than writing a will or establishing a trust (or both). A will often called the last testament—is a legal document describing how a person's assets will be distributed following their death. Everyone needs a will, but not everyone has the assets to warrant a trust. Those who do have trusts also need wills, which can provide detail about the distribution of personal effects and can also include the grantor’s wishes about certain things.
How Do I Find Who Owns Mineral Rights to My Property?
To the surprise of many, mineral rights and property rights are two separate things. Mineral rights can be sold or conveyed independently of property rights, so owning a piece of property does not always mean you also own the rights to the minerals under it. We’ll explain how to determine who owns your property's mineral rights.
How to Set Up a Payable On Death Account
Using payable on death (POD) accounts can be an efficient way to ensure the money you have in your personal bank accounts is immediately transferred to a beneficiary of your choosing when you die.
What Is An Administrator Bond?
Creating and maintaining an estate to pass on to others requires thought and the assistance of accountants and attorneys. Also important is creating and maintaining a will to ensure that designated beneficiaries can receive the estate.
Is Landscaping a Capital Improvement?
New landscaping may not boost the value of your rental property, but it can enhance the visual appeal of your rental and attract higher-quality tenants.
1031 Exchange Replacement Property Rules: What You Need to Consider
If you’ve looked online, you know there is a great deal of information about the 1031 exchange process. Relinquishing investment real estate into “like-kind” real property can help defer capital gains taxes.
What to Consider Before Investing in Real Estate and Other Alternatives
This article was written by Realized Head of Wealth Management Rob Johnson and originally appeared on Forbes. You can find the full article here.
What Is the Difference between a Primary and Contingent Beneficiary?
If you’ve had a chance to read our previous blogs on the topic, you already know about beneficiaries. A beneficiary is an individual or an entity eligible to receive distributions from a trust, will, or life insurance policy. We’ve discussed the importance of naming beneficiaries to ensure that your wealth and/or assets go to the designated people or organizations you choose.
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