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…]
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…]
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