Real Property

Posted on June 24, 2011

Tax Implications of Sale of Residence Upon Divorce

For many people, the federal home sale gain exclusion is the single most valuable tax break available. But if you’re getting divorced…

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Category: Real Property
Posted on December 28, 2010

Operation of Law: Coordinate your Will and Property Ownership, etc.

You know the importance of having a will. If you die “intestate” (without a will in legal language), your state’s laws will…

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Category: Real Property
Posted on December 3, 2009

Deeds – more information required in 2010

Effective January 1, 2010, all new North Carolina deeds must contain the address of both the grantor and grantee as well as…

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Category: Real Property
Posted on October 24, 2009

Reverse Mortgages can be Hazardous to your Equity

The National Consumer Law Center has come out with a report detailing the risks of reverse mortgages for senior homeowners.  Because of high fees,…

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Category: Real Property
Posted on October 6, 2009

I Inherited Real Estate – Where’s My Deed?

I often have clients ask about “getting a deed” when they inherit real property.  My response is usually “you don’t need one.”…

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Category: Real Property
Posted on May 21, 2009

A Short Story on Asset Protection

I had a new client come in yesterday, and we were discussing including asset protection in his estate plan.  He mentioned he…

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Category: Real Property
Posted on March 18, 2009

Tax Credit Options for First-Time Homebuyers

First-Time Homebuyers Have Several Options to Maximize New Tax Credit WASHINGTON — As part of the Treasury Department’s consumer outreach effort and…

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Category: Real Property
Posted on February 25, 2009

Expanded Tax Break Available for 2009 First Time Home Buyers

From today’s IRS Newswire: WASHINGTON — The Internal Revenue Service announced today that taxpayers who qualify for the first-time homebuyer credit and…

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Category: Real Property
Posted on January 27, 2009

NC in Middle of Pack When it Comes to Foreclosures

In 2008, 0.84% of housing units in North Carolina went into foreclosure, placing us at number 27 among the 50 states and…

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Category: Real Property
Posted on January 23, 2009

More on Insuring Homes in Living Trusts

A colleague of mine, Dennis Toman of Greensboro, contacted the North Carolina Deparment of Insurance about the issue of insuring homes owned by…

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Category: Real Property
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