Leadership Development...
is the key to 21st. Century Success in business. Harness the power of your peers to help you develop your employees, managers & successors!
| D-I-Y Strategic Planning...
allows you to make strategic decisions about your company's direction every time - all with the help of your peers!
| You'll Make Better Decisions...
when your ideas are challenged and your assumptions tested, continually and strategically - by a caring group of your peers!
|
|
Estate Planning By By Neda Dabestani-Ryba Estate planning can enable you to control your property while you are alive, take care of you and your loved ones if you become disabled, and give what you have to whom you want, the way you want, and when you want, and if you wish, you can save every last tax dollar, professional fee, and court cost possible. Estate planners frequently begin the process by analyzing clients' personal and financial dreams, aspirations, fears and objectives. The financial side of this analysis usually begins with the following question: "What do you own and how do you own it?" More often than not clients say "I know what I own, but I do not know how I own it." The way that you own your property will greatly effect your estate plan. There are three frequently used forms of ownership of property: "fee simple," "tenancy in common," and "joint tenancy with right of survivorship." Fee simple ownership means that you own property by yourself as the sole and absolute owner. You can give it away, sell it, or keep it and control who will inherit it upon your death. Tenancy in common means that you own property with at least one other person. You do not own the entire asset. Let us assume that you and a friend own a 100-page book and that you own it as tenants in common. Each of you owns 50 percent of the book; that is, each of you owns fifty pages. Each of you could give your fifty pages to anyone you like while you are each alive. Each of you can leave your fifty pages to anyone at your death. In short, each of you is the absolute owner of each of your respective shares of the book. There is no limit to the number of tenants who can own something with others in tenants
Our articles continue...
|
Dry winter hurts wheatBloom season will soon beginReport shows state's role in vegetable production'Ag plate' supporters seek pledges
in common. Commonly two, three, or four people purchase property together, with each owning one-half, one-third, or one-quarter of the property. Joint tenants with right of survivorship is a very commonly used method of owning property. This form of ownership is commonly used but greatly misunderstood by the public. Let us assume again that you and a friend own a 100-page book. This time you own the book as joint tenants with right of survivorship. Unlike tenants in common where you each own 50 percent of the book, in joint tenants with right of survivorship you each own 100 percent of the book. Each of you owns the entire book. There is no limit to the number of tenants who can own something with others as joint tenants with right of survivorship. While you are alive, you can sell or give your part away. Such actions would change the nature of ownership of the property between the purchaser/recipient of the gift and the remaining tenants.The survivorship feature means that as each individual joint tenant dies, the deceased person's interest is automatically distributed by operation of law to the remaining joint tenants. This is what might be called the "winner takes all" game. Let us assume that four people own a beach house as joint tenants with right of survivorship. As long as more than one of them is alive, none of their wills or trusts will control the disposition of the beach house. If one of them outlives all of the others, she could distribute the house to whomever she wants at her death and totally exclude the others' families and loved ones. Tenants by the entirety is a special form of joint ownership that works the same as joint tenancy with right of survivorship. It is used in some states by a husband and wife to own real estate. For our purposes, think of this form of ownership as a special form of joint tenancy for a married couple. The married couple is viewed as one person. In summary, if you own property in fee simple you own it all, you can give it away, sell it or leave it to your chosen beneficiaries upon your death. If you own property in tenants in common you own part of it, you can give your part away, you can sell your part, and leave your part on death. If you own property in joint tenancy you own all of it with someone else, you can give your interest away, you can sell your interest but you cannot leave your interest on death. How do you own your property? Why do you own it the way that you own it? It is very likely that decisions regarding the form of ownership of your property were made by well intentioned others. Did the settlement attorney ask how you want to own your home? Did your real estate agent ask you this question? If he or she did, is your home titled the way you requested? When you went to the bank to open a checking account, did your banker discuss the various forms of ownership with you? When you opened your brokerage account, did your advisor discuss the importance and ramifications of account title? Chances are your settlement attorney, banker, and financial advisor titled your assets in joint tenancy with right of survivorship if your are married and in your sole name if you are single, widowed, or divorced. Make sure you know what you own and how you own it. Do your documents control your property? Make certain that what you own, how you own it, and your estate plan are consistent with your specific planning dreams and aspirations. Neda Dabestani-Ryba is a licensed Realtor in Maryland. She is a member of the President's Circle of Top Real Estate Professionals. She can be reached at (800) 536-3806 or visit her website for more information: http://neda.dabestani.pcragent.com/Prudential Carruthers REALTORS is an independently owned and operated member of Prudential Real Estate Affiliates, Inc., a Prudential Financial company. Equal Housing Opportunity.
Here are some more estate planning articles...
Irs And Private Debt Collectors
By Richard A. Chapo
The terror of most Americans is to be hunted by the IRS for overdue taxes. Well, the terror has evolved a bit as the IRS is now using private debt collectors to do much of the work. IRS and Read more...
|
Real Estate Records In The Computer Age
By Mark Walters, Mon Jan 2nd
It wasn't long ago that the records of real property title couldbe found in a collection of huge, thousand page books residingin the office of the county recorder. Now those same records areall Read more...
|
Mesa--tempe---scottsdale--az-real-estate-market
By Ben-Hirsh
The Mesa, Tempe, and Scottsdale real estate market has been slowing over the past few months. Historically, resale housing activity has been pretty good during this time of year. However, sales this Read more...
|
Real Estate Investing 5 Tricks To Make It Big With Real Estate Investing
By Howard Keith Whiting
Real estate investing is one of the most attractive ways of making good money (that is if you do it correct). Moreover, real estate investing is also a lot of fun. A lot of people practice real Read more...
|
| estate planning attorney california news: |
Santorum hopes to build momentum from 3-state sweep - CBS News
<table border="0" cellpadding="2" cellspacing="7" style="vertical-align:top;"><tr><td width="80" align="center" valign="top"><font style="font-size:85%;font-family:arial,sans-serif"><a href="http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHY0fT9s0x0WjCWhDVn5aBUYLe2KQ&url=http://www.theglobeandmail.com/news/world/a-clean-sweep-for-rick-santorum-in-gop-votes/article2330520/"><img src="//nt2.ggpht.com/news/tbn/XtbiBcNntBnLLM/6.jpg" alt="" border="1" width="80" height="80" /><br /><font size="-2">Globe and Mail</font></a></font></td><td valign="top" class="j"><font style="font-size:85%;font-family:arial,sans-serif"><br /><div style="padding-top:0.8em;"><img alt="" height="1" width="1" /></div><div class="lh"><a href="http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHjTeHhdzjc7ZkUeApr1nGM1_UNDg&url=http://www.cbsnews.com/8301-503544_162-57373308-503544/santorum-hopes-to-build-momentum-from-3-state-sweep/"><b>Santorum hopes to build momentum from 3-state sweep</b></a><br /><font size="-1"><b><font color="#6f6f6f">CBS News</font></b></font><br /><font size="-1">Republican presidential candidate former Pennsylvania Sen. Rick Santorum gives a thumbs up before speaking during a primary night watch party Tuesday, Feb. 7, 2012, in St. Charles, Mo. Following a triumphant three-state sweep in Tuesday night's <b>...</b></font><br /><font size="-1"><a href="http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGjB8RNbHH_2UWaoGZHDhmMW1p3eA&url=http://www.usatoday.com/news/politics/story/2012-02-08/santorum-romney-GOP-race/53009424/1">After 3-state sweep, Santorum ready for Romney</a><font size="-1" color="#6f6f6f"><nobr>USA TODAY</nobr></font></font><br /><font size="-1"><a href="http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNH8RvyCLoeRHuX1uO4wUXtE5t8WRw&url=http://www.washingtonpost.com/politics/rick-santorums-strategy-of-focusing-on-low-key-races-paid-off/2012/02/08/gIQApvj2yQ_story.html">Rick Santorum's strategy of focusing on low-key races paid off</a><font size="-1" color="#6f6f6f"><nobr>Washington Post</nobr></font></font><br /><font size="-1"><a href="http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGeSWEIfxVjcHYkMxDd9I4wG8d4mQ&url=http://swampland.time.com/2012/02/08/rick-santorums-unlucky-timing/">Rick Santorum's Unlucky Timing</a><font size="-1" color="#6f6f6f"><nobr>TIME</nobr></font></font><br /><font size="-1" class="p"><a href="http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNG6BNhuBRAf2fMZO9s2uRqpj9Eozw&url=http://www.boston.com/news/politics/articles/2012/02/08/in_ohio_gingrich_hits_romney_on_contraception/"><nobr>Boston.com</nobr></a> -<a href="http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFFiIQb4p3FU41bvNNtL4NBQp9Csw&url=http://www.nytimes.com/2012/02/09/us/politics/santorum-sweep-sets-stage-for-new-battle-in-republican-race.html"><nobr>New York Times</nobr></a> -<a href="http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNH6pzCurGm6-pQMPRbW4E7CEXRNfw&url=http://www.nydailynews.com/news/election-2012/rick-santorum-wins-gop-contests-missouri-minnesota-colorado-eyes-mitt-romney-article-1.1019157?localLinksEnabled%3Dfalse"><nobr>New York Daily News</nobr></a></font><br /><font class="p" size="-1"><a class="p" href="http://news.google.com/news/more?ncl=dsPOevx4Hcg1CxMvoIE6grtlQAlBM&ned=us&topic=h"><nobr><b>all 8,297 news articles »</b></nobr></a></font></div></font></td></tr></table>Turkey urges aid for Homs, Syria conference - Reuters
<table border="0" cellpadding="2" cellspacing="7" style="vertical-align:top;"><tr><td width="80" align="center" valign="top"><font style="font-size:85%;font-family:arial,sans-serif"><a href="http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHIGxQGhDqlJyOLbxx6POL2fsvh3w&url=http://www.smh.com.au/world/clinton-points-finger-as-syria-faces-civil-war-20120206-1r1x8.html"><img src="//nt0.ggpht.com/news/tbn/1OdV8hyVeXrkeM/6.jpg" alt="" border="1" width="80" height="80" /><br /><font size="-2">Sydney Morning Herald</font></a></font></td><td valign="top" class="j"><font style="font-size:85%;font-family:arial,sans-serif"><br /><div style="padding-top:0.8em;"><img alt="" height="1" width="1" /></div><div class="lh"><a href="http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFbKGZtlRZciTAdfZQSQ_5PfJlIbg&url=http://www.reuters.com/article/2012/02/08/us-turkey-syria-davutoglu-idUSTRE8171BM20120208"><b>Turkey urges aid for Homs, Syria conference</b></a><br /><font size="-1"><b><font color="#6f6f6f">Reuters</font></b></font><br /><font size="-1">By Simon Cameron-Moore and Tulay Karadeniz | ANKARA (Reuters) - The international community must send a strong message of support to Syrians under artillery attack from government forces, particularly the opposition bastion of Homs, Turkey's Foreign <b>...</b></font><br /><font size="-1"><a href="http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGkxINTstTdmYGfESHwtEhpM4IW8g&url=http://www.time.com/time/world/article/0,8599,2106369,00.html">EU Set for New Syria Sanctions</a><font size="-1" color="#6f6f6f"><nobr>TIME</nobr></font></font><br /><font size="-1"><a href="http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNESpqMIrRu2q7-liFCmtJrPFutGdQ&url=http://www.csmonitor.com/World/Europe/2012/0208/Russia-says-it-offers-alternative-path-to-peace-in-Syria">Russia says it offers alternative path to peace in Syria</a><font size="-1" color="#6f6f6f"><nobr>Christian Science Monitor</nobr></font></font><br /><font size="-1"><a href="http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNE1ZqTfojYOb3CFPAKfIqNIpQwQxA&url=http://online.wsj.com/article/SB10001424052970204136404577210551598821654.html?mod%3Dgooglenews_wsj">Turkey Seeks Pressure Group as Syria Pounds Homs</a><font size="-1" color="#6f6f6f"><nobr>Wall Street Journal</nobr></font></font><br /><font size="-1" class="p"><a href="http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHGFPDVAZkKmH70KMMaD5S6Yw_ZGg&url=http://www.businessweek.com/news/2012-02-08/syria-violence-intolerable-as-turkey-calls-for-coalition.html"><nobr>BusinessWeek</nobr></a> -<a href="http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHrO3GUi8e9OLNlLcF4MYWKZW6t9Q&url=http://www.telegraph.co.uk/news/worldnews/middleeast/syria/9069551/Syria-Homs-residents-requested-armys-intervention.html"><nobr>Telegraph.co.uk</nobr></a> -<a href="http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHyVs-EljH0D2bsHz8hM2U7awwExg&url=http://www.bbc.co.uk/news/world-middle-east-16951519"><nobr>BBC News</nobr></a></font><br /><font class="p" size="-1"><a class="p" href="http://news.google.com/news/more?ncl=dFvEx5eLtBCXBXMAZ0uHAGJ_szQRM&ned=us&topic=h"><nobr><b>all 16,293 news articles »</b></nobr></a></font></div></font></td></tr></table>Ellen DeGeneres happy Prop 8 is struck down - New York Daily News
<table border="0" cellpadding="2" cellspacing="7" style="vertical-align:top;"><tr><td width="80" align="center" valign="top"><font style="font-size:85%;font-family:arial,sans-serif"><a href="http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHtVAW6hdks7uYVpz_VWENtCtfaXw&url=http://www.nydailynews.com/news/national/show-ellen-degeneres-exults-gay-marriage-ban-ruled-unconstitutional-california-article-1.1019166?localLinksEnabled%3Dfalse"><img src="//nt3.ggpht.com/news/tbn/-0-0J9zZWuLJ0M/6.jpg" alt="" border="1" width="80" height="80" /><br /><font size="-2">New York Daily News</font></a></font></td><td valign="top" class="j"><font style="font-size:85%;font-family:arial,sans-serif"><br /><div style="padding-top:0.8em;"><img alt="" height="1" width="1" /></div><div class="lh"><a href="http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHtVAW6hdks7uYVpz_VWENtCtfaXw&url=http://www.nydailynews.com/news/national/show-ellen-degeneres-exults-gay-marriage-ban-ruled-unconstitutional-california-article-1.1019166?localLinksEnabled%3Dfalse"><b>Ellen DeGeneres happy Prop 8 is struck down</b></a><br /><font size="-1"><b><font color="#6f6f6f">New York Daily News</font></b></font><br /><font size="-1">By Joyce Chen / NEW YORK DAILY NEWS Ellen DeGeneres said on her show that she was happy Prop 8 had been ruled unconstitutional. Ellen DeGeneres wasn't the only one dancing in celebration after California's same-sex marriage ban was ruled <b>...</b></font><br /><font size="-1"><a href="http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEugMxoA_YYAHkjO1yfwVhBNcVQug&url=http://www.bloomberg.com/news/2012-02-08/gay-marriage-ruling-a-memo-to-justice-kennedy-commentary-by-noah-feldman.html">Gay Marriage Ruling a Memo to Justice Kennedy: Noah Feldman</a><font size="-1" color="#6f6f6f"><nobr>Bloomberg</nobr></font></font><br /><font size="-1"><a href="http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHuKNRwr29_qq_VGhRgCSvkEoXd_g&url=http://www.kansascity.com/2012/02/08/3416885/lewis-diuguid-courts-got-it-right.html">Lewis Diuguid | Courts got it right on gay marriage</a><font size="-1" color="#6f6f6f"><nobr>Kansas City Star</nobr></font></font><br /><font size="-1"><a href="http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHFscG_mSH7fBlYra1IPJnujT1pZg&url=http://latimesblogs.latimes.com/lanow/2012/02/prop-8-supreme-court-might-not-take-gay-marriage-case.html">Prop. 8: US Supreme Court might not take gay-marriage case</a><font size="-1" color="#6f6f6f"><nobr>Los Angeles Times</nobr></font></font><br /><font size="-1" class="p"><a href="http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHDBGw2ti80_dSSqrJU66ni3gtcvQ&url=http://www.pasadenastarnews.com/news/ci_19918691"><nobr>Pasadena Star-News</nobr></a></font><br /><font class="p" size="-1"><a class="p" href="http://news.google.com/news/more?ncl=dr08bpVcmQU-iAM-cbATQ-cNxQBgM&ned=us&topic=h"><nobr><b>all 3,111 news articles »</b></nobr></a></font></div></font></td></tr></table>
|
Arranging to make sure your assets pass to those who you want to have them after your death.
|
|
