Awareness & Estate Planning in May
With summer just around the corner, this month I’m trying to better my health to be in the physical and mental shape desired to best enjoy our warm and active months in San Diego. In May there are many awareness campaigns to help us all better our health, and the health of our loved ones. [...]
There is a renewed excitement about the acceptance of gay marriage in this country. The Supreme Court is hearing an important case and the topic recently made the cover of Time magazine. As the this Time magazine article noted, the tide is changing and many Americans are not only in support of gay marriage but [...]
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A will is a written document with instructions for disposing of assets after your death. Your will is enforced through probate court. A revocable living trust is an entity you create that can hold your assets for disposition after your death. In both documents you will write your instructions for the disposition of your estate, [...]
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Q: Will I be able to receive alimony? A: The test for alimony (or maintenance or spousal support) include some of the following, however, keep in mind that no two cases are the same. You need to seek individual advice in order to determine how the specifics of your case may impact your ability to [...]
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Creating your revocable living trust is the first step of your estate planning. Once you sign your trust, however, there is additional work to be done. A trust needs to be funded with the property you want the instructions in your trust to apply to. Simply attaching a list of your assets as a schedule [...]
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Whether fresh out of college or after a marriage, it is highly likely women will some day go it alone in taking care of their financial needs. With the combination of later marriage, divorce, widowhood and longevity, almost 90 percent of women will end up managing their finances alone at some point in their lives, [...]
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What is Probate? A common goal of estate planning is to avoid probate. But what exactly is probate? Probate is a court-supervised process for gathering a decedent’s assets, paying the decedent’s debts, and distributing the remaining balance to the decedent’s beneficiaries. The process ultimately requires proving a will to be valid, obtaining a court [...]
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Transaction Timelines: Tips for hitting your Home Financing Deadlines Closing a mortgage loan is one of the last phases of the home buying process, but one of the most important, as you cannot purchase a home without the money to back it up. Having a strong understanding of what makes up the home closing process [...]
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In a divorce settlement, you don’t get do-overs. Doing your homework and enlisting the help of trusted professionals, including a Certified Divorce Financial Analyst ™ can prevent costly mistakes. Few times of crisis require immediate, clear-headed financial thinking like a divorce, so arm yourself by gathering every scrap of information on your finances. Request your [...]
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Credit Scores: What a Lender looks at when considering your Loan Application When purchasing a home, it is important to know your credit score and how that three digit number can influence your opportunities for obtaining a home loan. Your lender looks at your credit score very carefully to decide whether or not they will [...]
Continue reading …Estate planning allows 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. It also allows you to save every last tax dollar, professional fee and court cost legally possible. An [...]
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Mortgage points, the upfront free a buyer can pay to lower their monthly interest rate, are very common, but often misunderstood. In this video, David Talbott, a Mortgage Advisor with Samuel Scott Financial Group, shares the basics of how Mortgage Points impact a home loan. Find out how to calculate the cost of points and [...]
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