By Joe Szabo, Scottsdale Real Estate Team A common strategy to avoid probate costs is to hold property in joint ownership – however, creditors can often seize such property if either owner owes them money. Another drawback is that joint [Read More…]
Archives for March 2011
Protect Your Property through Living Trusts Part 2/2 by Joe Szabo, Scottsdale Real Estate Team
By Joe Szabo, Scottsdale Real Estate Team This is Part 2 of 2 of our Protecting Your Property through Living Trusts. Living trusts can also protect a spouse’s assets from seizure – unless fraud is proved. Both spouses must convey [Read More…]
Protect Your Property through Living Trusts Part 1/2 by Joe Szabo, Scottsdale Real Estate Team
By Joe Szabo, Scottsdale Real Estate Team This is Part 1 of 2 of our Protecting Your Property through Living Trusts. There are many different kinds of trusts, but Living Trusts all have these characteristics in common: It contains property. [Read More…]
Dangers of Joint Ownership by Joe Szabo, Scottsdale Real Estate Team
By Joe Szabo, Scottsdale Real Estate Team Joint tenancy is the most frequent form of ownership of stocks, bonds, real estate, and bank accounts in the U.S. Many financial advisors recommend joint tenancy because it avoids probate. There [Read More…]
Tax Benefits of Home Ownership by Joe Szabo, Scottsdale Real Estate Team
By Joe Szabo, Scottsdale Real Estate Team If you’ve lived in your home for two years, you can take a tax-free gain of $250K for a single filer and $500K for married (filing jointly). You just have to have used [Read More…]
How Much Can I Spend on a House by Joe Szabo, Scottsdale Real Estate Team
By Joe Szabo, Scottsdale Real Estate Team You dream about owning a home and you think you know how much you want to spend, but this isn’t just buying new clothes and wondering if you can afford it. This [Read More…]
Easy Care Desert Landscapes by Joe Szabo, Scottsdale Real Estate Team
By Joe Szabo, Scottsdale Real Estate Team When landscapes are unkempt, straggly or overgrown, the homeowner and the guests are often uncomfortable. Most certainly the neighbors are. Patio furniture, pools and artificial lawns appear less than romantic when covered with [Read More…]
Creating Family Friendly Back Yards by Joe Szabo, Scottsdale Real Estate Team
By Joe Szabo, Scottsdale Real Estate Team Family centered back yards and gardens have big shoes to fill! They need to be friendly, safe, and able to withstand the family dog, the trample of shows and the occasional football or [Read More…]
