Should I Put My House in Trust?

Should I Put My House in Trust?

The benefit of transferring your house into the Living Trust during your lifetime is to avoid probate after your death.  Especially if your home is one of your largest assets, you would want to transfer your home into your Living Trust when you execute your other...
Do I Still Need a Will if I Create a Living Trust?

Do I Still Need a Will if I Create a Living Trust?

In short, yes.  You will want to have a Will in addition to your Living Trust.  The two main reasons are: If you have minor children, you should name a guardian. A Will is necessary for this. While the goal is always to transfer all of your assets into your Living...
Can I Create a Combined Will with My Spouse?

Can I Create a Combined Will with My Spouse?

In short, no. You can create a joint Living Trust with a spouse, but you will both need your own separate Wills (even if you have a Trust).  Your Will designates someone to handle your estate, distributes your property – both real property and tangible personal...
What Your Property Tax Bill Means

What Your Property Tax Bill Means

It’s tax season, and not only are you responsible for income and other taxes, but it is time to examine your real estate taxes for any properties you own.  If you live in the District of Columbia, you should have recently received a Notice of Proposed Real Property...
Why a Starbucks Next Door is a Good Thing

Why a Starbucks Next Door is a Good Thing

When shopping for a home, you want to look for a neighborhood where homes will be increasing in value. It turns out that picking a home located near a Starbucks may be a clue as to how much your home value will increase, especially in D.C., Boston, and Philadelphia. ...
The Market During Wedding Season

The Market During Wedding Season

When one commitment leads to another. It’s wedding season, and, along with being a great excuse to eat cake, a time when many couples consider purchasing a home. Depending on the market, some couples choose to purchase a house in the spring before their wedding...