The m-word is one of the worst four-letter words in the real estate sales realm. About 70 percent of homes have some dangerous mold, so most homeowners will probably deal with this issue. [...]
According to the National Association of Realtors, single women accounted for nearly 20 percent of all home sales in 2017. That’s more than twice as many single men. Married couples were the only [...]
Although there is a limit as to how much of a loss you can claim each year, in general, selling inherited property at a loss counts as a capital loss on Line 13 of your annual 1040. Heirs in [...]
New Hampshire and Massachusetts are both equitable division states. So, upon divorce, the court pools all marital property together and divides it equitably. Note that an “equitable” division is [...]
For many area families, springtime graduation is not the rite of passage that it once was, as almost a third of adults ages 18 to 34 still live with their parents. That proportion outstrips those [...]
Many times, when a loved one dies and leaves real property behind, the family has made property disposition arrangements in advance, especially if another family member is still living in the [...]
Many times, selling inherited real property is in everyone’s best interests, but there are always exceptions. Here are two of the more common ones that we see: Dad lived alone in failing health, [...]
When a loved one dies, everyone goes through the same five stages of grief. However, not everyone goes through these stages at the same speed, since recovery may take a couple of weeks or it may [...]
Many people are confused about their obligations and options in these cases. First and foremost, the mortgage is still due. Repayment obligation does not terminate with the death of the original [...]
While there are some ways to expedite the process and reduce the amount of inherited property involved, some legal proceedings are almost inevitable when a loved one dies. Properly understood and [...]