As a responsible parent or guardian in Missouri, you have made a will to ensure that your children have guardians should you die, and that your belongings go to those you want to have them. Those are important directives. However, a will is not a “one and done” task. As you go through changes in your life, your will should reflect that, along with changes in finances.
The passage of the new tax law is an exciting time for estate planning. We have not had this many changes to the law in over 30 years. The details and implications are still emerging, so a comprehensive analysis of the changes and how they might affect you will take some time.
When buying a home in Missouri, the title report may be one of the most valuable documents a seller may receive. Received early in the process after reaching a deal with the seller, a buyer should read this thoroughly. Redfin explains that there is a specific window in which a buyer may question the contents of this report or cancel the purchase agreement based upon the title report information.
New buyers can reap endless benefits from purchasing a home in Missouri, but can also come across quite a few obstacles. Recent news shows these obstacles largely concern the scouting out of homes, where many residents have struggled to find new property altogether. Some reports reflect a housing crunch in not only the state, but in other parts of the nation, as well. When will that crunch see a change, and will the many left on the housing hunt find a new home sweet home at last?
If you are one of the many people in Missouri who has been fortunate enough to find a new love to bring into your life after the death of a spouse or after a prior divorce, you have many reasons to celebrate indeed. However, before you rush to walk down that aisle again and legalize your union, it is wise for you and your new partner to carefully review and formalize your estate plans.
Envisioning your dream home in St. Louis is easy; being able to afford, on the other hand, is another matter altogether. That is why, when you see such a home listed at what appears to be below market value, you may think it too good to be true. In such a case, the listing may be a short sale. Many have come to us here at TDD Attorneys At Law LLC inquiring as to the wisdom of pursuing such properties. Our answer is always the same: to weigh the pros and cons of short sales before making a decision.