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A “love letter” is a letter written by a prospective buyer to the seller of a property. These letters typically express the buyer's attachment to the home that’s being sold and often include personal details such as their family situation, hobbies or even photos. In a...
It’s an honor to respect your loved one’s will by distributing their wealth according to their last wishes. But what happens when there are multiple wills? This problem occurs when someone creates a new will but fails to revoke or destroy an older version. This...
Someone who is trying to purchase a home may end up competing with other buyers, as the best properties tend to command high prices and can even result in bidding wars. Buyers who have located what they think would be the perfect property for their family will often...
What happens to someone's property when they die depends, at least partially, on the terms of their estate plan. Testators can take control over the legacy they leave when they die by creating a trust or a will that names specific beneficiaries for certain assets. For...
The most basic matters to address in your estate plan include providing for your dependents and designating recipients for your property. A basic will is all that you require to name specific beneficiaries for your assets and designate to care for your children should...
You’ve known that your financial situation has been a little shaky for a while. Like a lot of people do, however, you put the whole thing out of your head as much as possible so that you could enjoy the holiday season. Now that the credit card bills have started to...
Inheriting certain kinds of property could seem like a major personal boon, which is why testators might consider passing a home to one person. For someone without the income to put together a down payment on a home, receiving a house from someone's estate could...
Most estate-planning discussions revolve around passing on wealth from parents to children. But as CNBC reports, U.S. Census data suggests that at least 11 percent of American aged 55 and above are child-free. Without kids to inherit your assets, is estate planning...
To say that the real estate market has gone through some rapid shifts over the last couple of years would be a massive understatement. Right now, mortgage interest rates have more than doubled in the last year alone, which is giving would-be buyers pause and sending...
In theory, the inheritance that family members receive can be a source of comfort as they adjust to the reality of having lost someone that they love. People may expect to move into a loved one's home shortly after their funeral, for example. In practice, there is...