When it comes to estate taxes, you should always have one thing on your mind — implementing strategies to help reduce or eliminate the tax.
When you get to the point where you are facing foreclosure, it can be a stressful time for you and your family. The thought of losing your home can be overwhelming. On top of everything else, having a foreclosure on your credit may make it hard to own a home in the future, and can even make it difficult to rent a place to live. However, there are alternatives available to avoid foreclosure that might appeal to you. One option is a short sale. But, the question is, is it a good option?
Who will make financial decisions on your behalf if you become incapacitated? Who will make medical and legal decisions? If you don't know the answer to these questions, you are taking a big risk with your future.