West Green Real Estate has some of the best agents in Westchester. You can count on Jaime Tine to make your property search easier. This team is knowledgeable about the area and stay up to date in terms of what the availabilities are. They keep track of and maintain a database of commercial properties, single family homes, lots, multi-family homes and more.
How could the IRS end up owning your business? Well, it all comes down to taxes. Tax rates are often described as the rate the government has the nerve to take from its citizens. There is one type of citizen, however, politicians don’t worry about because they can’t vote – the deceased. As a result, money spending politicians have created something originally known as the death tax, but now called the eldercare planning tax.
Your home will fluctuate in value depending on interest rates and the economy in your area. There are some months and years your home will actually lose money, but that doesn’t mean a home is not a good investment because, generally, real estate will appreciate in value over a period of 5 or 10 years.
Their estate taxes have been drastically reduced, possibly even eliminated. Just as important, Nellie Mae’s children will get her portion of the estate and Ned’s children his. The farm that has been in his family for 8 generations will stay that way for a few generations more.
If you come into sudden wealth, do yourself a favor and pause. Find a financial advisor who has consulted people who have come into money. Ask him or her to help you put together a team – because you may need one. Many millionaires and quasi-millionaires have financial planners, CPAs, and estate trusts and wills working for them – working in a unified effort to help them manage their money, reduce their taxes, make charitable gifts and arrange inheritances for their heirs.
Best of all, gift items to your children/heirs while you are still alive. It will help thin out your home, leave little to fight over at the time of your death, and most importantly, you can see the joy on the recipient’s face when you hand it to them. What a great idea!
I have to go to my lottery website to learn how to win the lottery so I can show the world that I don’t just talk the talk. If I don’t take action, I will be denying myself the chance to show the world I am a man of my word.