Law
Can a Power of Attorney Change a Will?
Power of attorney is one of the most important legal forms for estate and elder care planning. Along with wills and trust documents, it is a critical document for arranging oneâs affairs. A power of attorney cannot change a properly written will. ⦠Continue reading â
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Eviction 101: What’s Legal, What’s Not, and Your Rights as a Tenant
All you need to know about coping with every renter’s worst nightmare.
970: Are Teams the Future of Real Estate? â Brett Jennings
Plenty of industry experts believe that teams are the future of real estate. But not just any team can succeed in todayâs increasingly competitive markets. In order to achieve sustained success, real estate teams must find and keep quality agents. On this podcast with Brett Jennings, the founder of Real Estate Experts, we discuss strategies for building and supporting a team of high-quality agents. Listen in and learn why good agents often leave good teams, how to plot a course for a teamâs growth, and what results Realtors can expect after joining a quality team.
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Real Estate Freedom Series – Jerry Green
Show Summary What’s up, everyone! Hey, I’m Mike Hambright from FlipNerd.com and I recently hosted an online event for members of my Professional Real Estate Investor Facebook Group, which you can…
5 Steps to Shop for the Best Car Insurance
5 Student Loan Myths You Canât Afford To Believe – Money Under 30
It’s no secret that student loans are confusing. Most students get to college after signing document after document, not really understanding what kind of loan they took out. Because no one really learns anything about student loans in high school, a whole bunch of myths have popped up about how student loans work. If you’re … [Read more…]
What to do if you inherit an IRA?
What else not to do: Don’t name your estate as your IRA beneficiary (also important to note: if you DON’T name a beneficiary, your estate becomes the default). Typically, nonspouse beneficiaries who inherit a traditional IRA can either liquidate and pay taxes on those assets within five years of the owner’s death, or take the so-called “stretch option” and stretch the required minimum distributions out over their own lifetime. This could amount to thousands of dollars of lost growth. On top of that, if the IRA becomes part of your estate and enters probate, it can be accessed by creditors.
Has anyone seen that form? Do you know where your IRA beneficiary form is? Don’t assume it’s easily accessible from your broker or bank, because with all the mergers and acquisitions over the last decade, paperwork may have become lost in the shuffle. So, find that piece of paper — and all your important financial documents — and secure them. Then, tell your attorney and your family members where you have stored them.
Inheriting an IRA as a Spouse
According to the IRS, if you inherit a traditional IRA from your spouse, you generally have the following three choices. You can:
Department of Education Cares So Much About Forgiving Your Student Loan Debt That They Will Start to Garnish Grandma Again
In response to the COVID pandemic, the Department of Education stopped garnishing the Social Security checks of elderly student-loan defaulters in March 2020. However, DOE will return to that practice soon–probably by midsummer 2023. In an article posted on MSN.com, Vance Cariaga estimated that garnishment of Social Security checks will cost senior student-loan defaulters, on average, about …
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