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How to Choose an Estate Planning Attorney
One of the most responsible things you can do is have an estate plan in place. While many people incorrectly assume that estate planning is only for the super wealthy, that’s simply not the case. Since estate plans include everything from the disbursement of a person’s assets to the way that they want to handle their end-of-life care, it’s important that everyone has a legal estate plan in place before they actually need one.
What Is SFR In Real Estate?
The world of real estate investing is one of the most varied asset classes available to investors. With such a varied asset class, it’s no wonder that investors often opt for real estate as a way to diversify their portfolio, that can help manage the volatility of other investment classes. While many people think of real estate investing and immediately think about the fix-and-flip model that is so prevalent on television shows, or about owning massive apartment complexes that seeks to provide significant rental income each month, there is an asset class that falls between those two groups. Understanding where single-family rentals fit into your portfolio can help you further diversify your portfolio and provide a different opportunity for you.
What is a Conservatorship?
You may have heard a lot about conservatorship lately, as the news of pop singer Britney Spears seeking to have her father’s conservatorship over her legally removed. While many people are not familiar with the process of conservatorship and don’t know exactly what conservatorship entails, it’s important that you have at least a working knowledge of the process. Doing so ensures that you’re in a position to help care for anyone in your life who may have significant financial assets, real estate investments, or other holdings, but are not in a position to properly manage them.
Can a Trustee Also Be a Beneficiary?
If you research the definition of “trust” from the Realized website’s glossary, you’ll see different types of trusts; land trusts, living trusts, irrevocable trusts, and so on. Boiling it down, a trust is a relationship in which a trustor (generally the owner of assets) turns over management and holding rights to another entity (known as a trustee).
How Does Government Investment in Infrastructure Help the Economy?
Infrastructure spending has taken center stage in recent years, and the topic garnered even more national headlines in late 2021 when President Biden signed into law the $1 trillion Infrastructure Investment and Jobs Act.
What is a Beneficiary Designation and Who Can Be a Beneficiary?
If you are seeking to grow your wealth through property investment, you may want to consider designating a beneficiary for your holdings. Designating a beneficiary before your passing helps ensure your wealth transfers appropriately in an attempt to avoid potential legal struggles over your estate.
Can an Executor Override a Beneficiary?
If you are planning your estate as part of a wealth management strategy, you may want to help protect your assets by appointing an executor for your estate. Executors are legally bound to carry out your final wishes, including the distribution of assets to your beneficiaries.
What Is Fractional Ownership and How Does it Work?
There are many ways to invest in real estate. For example, your first purchase might be the home you live in, and after that, a typical initial foray into investing is a residence to rent out to someone else. If you want to own the entirety of a property yourself, a fractional investment may not be the path to achieve that goal. However, for some investors, fractional investments can help them move toward their desired objectives.
What Is a Contingent Beneficiary and Do I Need One?
It is important to consider various wealth management strategies when accumulating your wealth. Financial planning for the future helps ensure your wealth makes its way to the people and organizations you prefer after you pass on.
Do Beneficiaries Pay Taxes on Estate Distributions?
Most people who quote Benjamin Franklin's famous words about the only sure things in the world being death and taxes are unaware that he was making a point about the prospective resilience of our then-newly established Constitution. Nonetheless, the Constitution held up, as have taxes, even those following death.
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