You may have heard of reverse mortgages as a way for seniors to tap the equity in their homes to …
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inheritance
A debt to the IRS can create enormous problems. If the IRS files a Notice of Federal Tax Lien, your …
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Without a will, a lot of money may be eaten up in the process of deciding who gets what. That’s what happened to Marilyn Monroe’s estate after she died without a will. Her heirs got around $100,000, while $1.5 million was consumed during the 18 years of probate fights.
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Good thing I tried this out early…after three hours of anxiety I decided that doing my own taxes is not going to work for me. Between a stock sale a 401(k) rollover and an inheritance…I was way in over my head. I may be a credit expert but I am not a tax genius and I most definitely do not understand cost basis analysis. Because I got started early, I still have plenty of time to send in my tax documents to my old preparer. Sometimes it can be better for your wallet and your blood pressure to pay a professional.
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