How to Navigate the INHERITANCE of a HOUSE! скачать в хорошем качестве

How to Navigate the INHERITANCE of a HOUSE!

Does your estate plan include the inheritance of real estate? Planning for the time when you’ll no longer be around is a difficult topic for many of us to discuss. After all, who wants to be reminded of their own mortality? But, regardless of the discomfort, it’s a topic that needs to be addressed. Avoiding it can only bring confusion and hostility among your heirs and the possibility that your hard-earned assets won’t be passed on as you would have intended. https://absolutetrustcounsel.com/096-... Time-stamped Show Notes: 0:00 Introduction 2:13 Property taxes are a major issue when a home is inherited. Here’s how legislative changes can alter the taxation landscape. 4:03 There are plenty of considerations to be made for an estate plan when a family home — or any real estate — is involved. Start listening now for what you need to know. 4:45 Press play now to learn about two scenarios that are the easiest to carry out when an estate plan calls for the dispensation of real estate. 5:27 When more than one child is involved, things can get a bit more complicated. Here’s why. 6:42 Real-life situations don’t always go as planned, leading to the depletion of financial resources. Kirsten and Madison share a prime example. 7:18 When a parent wants one particular child to inherit the home and divide the estate equally, there may not be enough assets to carry out this plan. Here’s one strategy to help resolve that type of scenario. 8:57 Heirs embark on decidedly different life paths and can have varying levels of financial success. Start listening now to learn how it can affect their ability to inherit a home. 9:17 This one question is a pivotal part of building the contingencies that make for a successful estate plan. 10:49 Even if the family home is to be sold, the process isn’t always that simple. Here’s what you need to know. 11:28 This action can alleviate many confusion and resentment among beneficiaries. 13:11 If one child wants the family home, but the others don’t, we’ve got insights to help handle the situation appropriately. 15:10 What if multiple children inherit the home, but only one wants to live there? We have a few ideas for you to consider. 16:15 Press play now to hear about a common scenario that should be avoided whenever possible. 17:20 When multiple children inherit a home and plan to rent it out, properly organizing their business relationship is vital. Here’s the best way to accomplish that. 19:23 What happens if you want the house to remain in trust? Are there pitfalls to this situation? 21:35 Placing a home in a trust brings its own set of challenges. Here are some of the questions that need to be asked. [Ad] Ready to take control of your estate planning? We're here to guide you every step of the way. Schedule a free discovery call today, and let us help create a plan that secures your future and protects your loved ones. https://absolutetrustcounsel.com/sche... We're pleased to provide a library of e-books to address common estate planning questions and concerns in practical, easy-to-understand language. https://absolutetrustcounsel.com/reso... Kirsten would love to offer you access to her Incapacity Planning resource page: https://absolutetrustcounsel.com/inca.... We’ve collected our top planning information all in one place so listeners can find videos, guidebooks, blog posts, and a host of information with tips and strategies on implementing, planning, and protecting themselves and their loved ones. Your Trust Administration Guide: The job of a trustee isn’t as easy as one may think. You must give legal notices, retitle assets, file tax returns, understand a legal document, and perform a variety of tasks most people find unfamiliar. As a trustee, if you forget a step or make a mistake, you could be held liable. Protect yourself, have a plan, and find out the next steps about your specific trust. Schedule a one-hour roadmapping session with Absolute Trust Counsel. We will review your trust, answer your questions and develop an action plan to get the job done right. https://absolutetrustcounsel.com/trus... Kirsten Howe and the Absolute Trust Counsel Team Can Be Reached at 925-943-2740 or Info@AbsoluteTrustCounsel.com. Facebook: absolutetrustcounsel X: kirstenhowe LinkedIn: absolute-trust-counsel Instagram: absolutetrustcounsel Episode Credits The Absolute Trust Talk podcast is brought to you with the help of Q2Mark, led by Chief Marketing Officer Susie Hays. Since 2016, Q2Mark has partnered with Absolute Trust Counsel on all marketing communications—from brand development and website design to this podcast series with over 192 episodes, social media management, video production, and more. If you're business owner looking for comprehensive marketing support, visit https://q2mark.com/.