If watching home values fall and gas prices go up leaves you feeling like you’re caught in the middle and being squeezed real hard, it may be time to make some changes in the financial areas that you can control. For most people, the place to start is with housing expenses.
If your housing expense is your largest expense, you may want to downsize or refinance. Can’t refinance because your home is underwater? Now you may be able to — thanks to HARP 2.0. READ MORE
Some of you may have already received a notice from your mutual fund companies or your brokerage firms asking what method you would like used to determine the cost basis of your holdings. Perhaps you’re not sure
what cost basis is,
what are the different methods to calculate cost basis,
which method is best for you, or how you will make a choice,
When I consider the effect of the 2011 changes in federal estate taxes I see some brand new reasons for my married clients to replace their Marital A-B trusts with Disclaimer trusts.
The reasons to choose, or to switch to, a Disclaimer trust include increased flexibility in estate tax planning and the possibility for more liberal access to joint assets for the surviving spouse. On the negative side, this type of trust does require the surviving spouse to take action within nine months of the death of the first spouse to die. It’s not an ideal time for many people make major decisions. READ MORE