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Casual Articles - It's Your House: Don't Give It Away
I have seen hundreds of thousands of dollars in damage to people’s homes. This damage was not caused by storms or fires or high water. The damage I see is caused by wild animals. Sometimes homeowner insurance covers the loss. Often times it doesn’t.I own and operate a nuisance
Most couples own their home as 'Joint Tenants'. This means that if one joint owner dies the survivor would own the total value outright irrespective of what might be written in a Will. This means that the whole value would be means tested.
The altern
Annuity sales are a great way to get immediate cash out of your debt instruments. Monthly payments might work for some of us, but others need real money to meet their financial needs. While you can always take out a bank loan, selling your notes is faster, more convenient, and involv
Nursing Home Fees
When someone goes into residential care they are 'means tested'. All assets are taken into account, even the family home! You need to pay for your own care costs until you are down to your last few thousand, which includes the value of your home.
However, you can protect a significant part of the family home if you act now! To wait and not take action until just before requiring care may be seen to be depriving yourself of assets. In this instance, the authorities have the power to ignore your action and declare the asset yours. It is important that you act as soon as possible, while you are fit and well.
Severance of Tenancy
Most couples own their home as 'Joint Tenants'. This means that if one joint owner dies the survivor would own the total value outright irrespective of what might be written in a Will. This means that the whole value would be means tested.
The alterna
We have all been told many times, by people far wiser than ourselves, that patience is a virtue. However, when website development is concerned, patience quickly develops into a requirement for success. You can be the best web designer around, have great content and features on your
Nursing Home Fees
When someone goes into residential care they are 'means tested'. All assets are taken into account, even the family home! You need to pay for your own care costs until you are down to your last few thousand, which includes the value of your home.
However, you can protect a significant part of the family home if you act now! To wait and not take action until just before requiring care may be seen to be depriving yourself of assets. In this instance, the authorities have the power to ignore your action and declare the asset yours. It is important that you act as soon as possible, while you are fit and well.
Severance of Tenancy
Most couples own their home as 'Joint Tenants'. This means that if one joint owner dies the survivor would own the total value outright irrespective of what might be written in a Will. This means that the whole value would be means tested.
The altern
Personal loans are the best way to meet most of your financial needs. You can satisfy most of your needs like buying a car, consolidating your multiple debts, going for a holiday trip etc. Apart from meeting the conventional needs, personal loans are also used for the purpose
However, you can protect a significant part of the family home if you act now! To wait and not take action until just before requiring care may be seen to be depriving yourself of assets. In this instance, the authorities have the power to ignore your action and declare the asset yours. It is important that you act as soon as possible, while you are fit and well.
Severance of Tenancy
Most couples own their home as 'Joint Tenants'. This means that if one joint owner dies the survivor would own the total value outright irrespective of what might be written in a Will. This means that the whole value would be means tested.
The altern
You hear quite a bit these days about credit repair. While most of us are in need of it, repairing damaged credit can be a daunting task. Not many people have perfect credit scores. Unfortunately, the majority of the populace falls into the category of past due bills and overdrawn ba
Severance of Tenancy
Most couples own their home as 'Joint Tenants'. This means that if one joint owner dies the survivor would own the total value outright irrespective of what might be written in a Will. This means that the whole value would be means tested.
The altern
It’s amazing when you consider the above statement and try and get a grasp on the two concepts of Young People and Debt?Back in my day being at College or University was all about racing around and being passionate about either Politics, Music, Alcohol and whatever else (or in
Most couples own their home as 'Joint Tenants'. This means that if one joint owner dies the survivor would own the total value outright irrespective of what might be written in a Will. This means that the whole value would be means tested.
The alternative is a 'Tenancy in Common'. This means that each party owns a share of the property and can deal with it as they wish. If one partner needed residential care, only their share of the property would be taken into account, therefore, preserving the share of the other partner. The difference with this arrangement is that your children would be guaranteed to inherit at least some of the value of your home.
Remarriage
This arrangement will also protect your share of the family home if your partner were to later remarry. This ensures your share goes to your family line rather than your spouse’s partner’s new family. A Property Trust in your Will would guarantee a right of residency but would not allow your share of the home to be passed to anyone other than your children.
Prehandle this delicate issue and ask your financial planner about a Severance of Tenancy today.
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