Intestacy
What is intestacy?
You have died “intestate” if you die without a valid will. Each state has adopted intestate succession laws that provide for distribution of your property to the people the state considers your heirs.
Why people die …
by jofseyer
Intestacy
What is intestacy?
You have died “intestate” if you die without a valid will. Each state has adopted intestate succession laws that provide for distribution of your property to the people the state considers your heirs.
Why people die …
by jofseyer
Ask the Experts: Should I consider an interest-only mortgage?
An interest-only mortgage lets you make monthly payments consisting of interest only for a specified number of years before you begin to pay off the principal balance. As a result, your …
by jofseyer
Ask the Experts: What is an option ARM?
An adjustable rate mortgage (ARM) that offers different payment choices each month is called an option ARM. Each month, you select the payment option appropriate for your budget.
Option ARM payment choices …
by jofseyer
Choosing a Retirement Community
Perhaps you’ve seen ads for a new “over 55” luxury condominium development in your town. Or another winter of shoveling has finally convinced you that it’s time to move to a warmer climate. You’re looking forward …
by jofseyer
Federal Tax Credits for Energy Efficiency
A federal law passed in 2005 created several significant income tax credits in an effort to promote energy efficiency. Here’s a closer look at four tax credits available to consumers.
Hybrid vehicle tax credit…
by jofseyer
Retirement Plans for Your Small Business
A retirement plan can be a critical part of a competitive benefits package. Although small business owners can sponsor a qualified retirement plan like a 401(k) or profit-sharing plan, these plans can be expensive …
by jofseyer
Ask the Experts: Should I adjust my federal income tax withholding?
Did you owe taxes on your 2005 federal income tax return? If so, you may need to increase the amount of federal income tax that’s withheld from your paycheck …
by jofseyer
Ask the Experts: I’m expecting a large income tax refund—what should I do with it?
If you’re anticipating a sizable federal income tax refund, you’re not alone. According to the Internal Revenue Service, over 100 million individuals received federal income …
by jofseyer
Trading Places — A New Look at 1031 Exchanges
The tax code first authorized 1031 exchanges in 1921. But now, skyrocketing property values coupled with the rising popularity of real estate investments have many people taking a new look at …
by jofseyer
Why a GRAT Can Be GREAT
If you have property that’s rapidly appreciating or generating high earnings, and you’re ready to hand it down to your children or other heirs but want to continue receiving income from the property for …