How can I change my name of a deed since I got married?
My deed needs to be updated to reflect my last name due to marriage in my revocable trust. ANSWER BY MARGARET CROSS-BELIVEAU: Your name change does not affect the ownership rights. At the time of the sale or transfer out of your revocable trust, the new deed with state your new name and your former […]
Making The Most of Restricted Stock and RSUs
Restricted stock and restricted stock units (RSUs) are two alternative forms of employee compensation. They’re a way for a company to incentivize employees with equity in the company. Restricted stock is typically granted as a type of bonus or added compensation, using a vesting schedule. You receive partial ownership of the shares and may be […]
Do disable citizens have to pay real estate tax?
ADDITIONAL INFORMATION: My mom passed away. She left me a condominium. I’m receiving SSDI. Do I have to pay real estate tax on the property I inherited? ANSWER BY MARGARET CROSS-BELIVEAU: You can check with the town assessor’s office to see if you qualify for an exemption. Generally, those are granted to people who are […]
Why wouldn’t I be included, for any inheritance or possessions my Step-Dad had when he passed away on Feb 18,2020?
My Step-Dad passed away, and he was still living with my Mom . They lived together for 40+ years. About their 35th year, the did a fast marriage thru a Magistrate judge, and afterwards, they divorced, mom and Dad both told me it was because of how much the Ins. Premium went up in cost, […]
I own two rental properties and wondered if there would be any advantage to putting my adult daughter on the deed with me?
Asked in Massachusetts Does the fact that my daughter is on the deed make it easier for her to sell the property when I die? ANSWER BY MARGARET CROSS-BELIVEAU: Yes, adding a child onto a deed will avoid having the asset go through probate. However, it does comes with risks. What if your daughter predeceases […]
Including Life Settlements in Your Estate Plan
If you have a life insurance policy you no longer need, you may be able to sell it for significantly more than its cash surrender value (CSV). A life settlement is the sale of a life insurance policy to a third party. The sale can provide the policy holder with more than the CSV and […]
Hired a lawyer to add to the deed of the house, lawyer got us a letters of authority for personal representative
Asked from Boston, Massachusetts: Dad died in 2020, mom was not on the mortgage or deed. Dad did not have a will, or look over this information before passing. We went to a lawyer asking to be added to the deed, so my mom could sell the house. (She’s been paying the mortgage for almost […]
Will my deceased sister’s ex-husband be able to claim her inheritance ( sale of my mom‘s house) from mother ?
ADDITIONAL INFORMATION: My mom passed away with no will and the deed to her house in Massachusetts should be split three ways between my brother my sister and I but my sister passed away in 2016 her husband remarried in 2017 they have one child who is 40. Who will get her portion her ex-husband […]
RMDs Now Required For Death Beneficiaries
If you inherited an IRA after January 1, 2020, you might be in for a surprise. Under proposed rules issued in February 2022, you might have to start withdrawing that money now. The shift comes as a shock for many. When the Secure Act passed in 2019, it required most death beneficiaries to fully withdraw […]
House Passes Secure Act 2.0
The House of Representatives overwhelmingly approved a bill designed to improve retirement savings. The Securing Strong Retirement Act of 2022, also called Secure Act 2.0, was approved with a bipartisan vote of 414-5. Next, the legislation heads to the Senate. However, lawmakers there have a retirement reform package of their own. Analysts say there’s about […]
