Property Investment

By Simon Volkov

Heir advance can refer to two different methods of receiving cash through inheritance. The first method involves transferring property rights to a funding source in exchange for lump sum cash. This type of cash advance is not a loan and heirs are not responsible for repayment of advanced funds.

The second heir advance method involves receiving annuity payments through an irrevocable life insurance trust. Decedents establish estate planning protocol that gifts payments to heirs over several years or as a one-time lump sum payment. Heirs can sell future annuities in whole or part to a funding source. This type of transaction often requires court authorization.

Funding sources are usually private investors, but some cash advancing companies and lending institutions engage in this type of funding as well. Locating a source usually involves considerable research as this is a specialized niche.

Those who engage in this practice often require heirs to be entitled to assets valued at $5,000 or more. Heirs assign property rights to the funding source, but this does not guarantee the cash advance provider will receive the property.

Since funding sources are at risk for not receiving inheritance property used as collateral they assess fees for providing advanced funds. Fees usually range between 25- and 40-percent of the assets’ appraised value. When possible, heirs should comparison shop to obtain the best probate loan rate.

Distribution of inheritance property does not occur until estates undergo the entire probate process. It is not uncommon for assets to be suspended in probate for several months. In cases where heirs contest decedents’ last will or when third party claims are filed against the estate, probate can extend for years.

If decedents die without leaving a Will the probate process requires additional time. Courts must confirm an estate administrator to manage estate settlement proceedings. Rightful heirs must be identified to ensure appropriate distribution of assets according to state probate laws.

Estates without a valid Will are referred to intestate estates. Although probate law varies by state, inheritance property is most often distributed to the surviving spouse and direct lineage relatives such as siblings, parents, and children. Heirs entitled in intestate inheritance gifts often find it challenging to locate a funding source.

If the estate is comprised of real estate secured by a mortgage note the estate is required to remit installment payments to prevent foreclosure. The estate is also financially responsible for keeping homeowner’s insurance premiums and property taxes current. When estates do not have sufficient funds the court can order the property sold.

When decedents owe outstanding debts, but do not have sufficient funds to pay, the court can order property sold. This can be problematic if assets were used to secure an heir advance. Due to associated risks, funding sources require heirs to undergo an application process.

Cash advance applicants should be prepared to provide a copy of the decedent’s Will and death certificate; estate administrator or probate attorney contact information; and a current copy of their personal credit report.

Funding sources review credit reports to determine if applicants have pending bankruptcy petitions; child support or spousal alimony obligations; or outstanding liens or judgments. These obligations can interfere with property transfers when probate settles and often prevent heirs from obtaining cash advances.

Once inheritance advances are approved, funds are provided within 1 to 3 weeks. Cash advance recipients are not responsible for repayment of advanced funds should the estate be unable to transfer probate property upon estate settlement.

Funding sources are prohibited from pursuing the estate or heirs for restitution unless it can be proven that heirs provided untruthful information to obtain the heir advance.

About the Author: Simon Volkov is a private investor and probate liquidator who provides heir advance funding to qualified recipients. He specializes in buying probate real estate in SoCal, Nevada, Arizona, and Washington. Learn more about the process involved for obtaining inheritance funding at SimonVolkov.com.

Source: isnare.com

Permanent Link: isnare.com/?aid=748581&ca=Finances

November, 2011 byadmin

Divorce is the last thing on your mind when you buy that house you cannot afford or celebrate the birth of your children. But a sad reality of many marriages is that they will end in divorce and send you and all parties involved hurtling through an emotional roller coaster ride post breakup. Divorce breaks your family apart and leaves you facing acrimonious charges and the gloomy prospect of going through the legal proceedings that will seal the dissolution of your marriage. This is the time to seek out expert legal counsel of a family law firm that will help you tide over this crisis. Even though your marriage is over, you still need to protect your rights, agree on property division and spousal support (if any) and child custody or visitation rights.

The law firm you engage should specialize in family law and divorce cases. In some States, lawyers seek board-certification in family law that requires the lawyer to undergo extra training, trial experience, rigorous testing, and continuous instruction. The lawyers that undergo this sort of constant preparation are better equipped to handle the most complicated or high profile divorce cases. Usually that family law firm that engages lawyers with board-certification charge higher fees and require higher retainers but they are more successful in handling cases in the favor of their clients. When selecting a law firm, look for referrals and track record so you are assured of the success rate of your lawyer.

Family law involves the prospect of property division. States like California recognize that all property and assets acquired by a couple and income earned during their marriage belong equally to both spouses and would be treated as community property. Community property in California would be divided between the spouses and debts would also be borne equally by them. Community property would include: savings from wages, earned income, family residences, family businesses, 401 and 457 accounts (retirement plans), pension plan benefits, stocks and bonds. The spouses would be allowed to retain their separate properties, earned prior to marriage or received as an inheritance or gift during the marriage.

Your attorneys would be expected to aggressively represent you in protecting your rights, spousal support, child custody, visitation rights and other matters. An experienced attorney would be a sensitive representative that would shield your children from undue disturbance and trauma and not ask you to do illegal things to sway the case. Look for an honest, trustworthy, experienced representative specializing in family law. Ventura residents can seek out the counsel of trained lawyers with good track records for their representation.

Family Law Ventura – If you are looking for representation in matters relating to Family Law, Ventura based Morgan Law Firm offers experienced counsel to ensure clients receive the best possible outcomes.

By Simon Volkov

Heir advance can refer to two different methods of receiving cash through inheritance. The first method involves transferring property rights to a funding source in exchange for lump sum cash. This type of cash advance is not a loan and heirs are not responsible for repayment of advanced funds.

The second heir advance method involves receiving annuity payments through an irrevocable life insurance trust. Decedents establish estate planning protocol that gifts payments to heirs over several years or as a one-time lump sum payment. Heirs can sell future annuities in whole or part to a funding source. This type of transaction often requires court authorization.

Funding sources are usually private investors, but some cash advancing companies and lending institutions engage in this type of funding as well. Locating a source usually involves considerable research as this is a specialized niche.

Those who engage in this practice often require heirs to be entitled to assets valued at $5,000 or more. Heirs assign property rights to the funding source, but this does not guarantee the cash advance provider will receive the property.

Since funding sources are at risk for not receiving inheritance property used as collateral they assess fees for providing advanced funds. Fees usually range between 25- and 40-percent of the assets’ appraised value. When possible, heirs should comparison shop to obtain the best probate loan rate.

Distribution of inheritance property does not occur until estates undergo the entire probate process. It is not uncommon for assets to be suspended in probate for several months. In cases where heirs contest decedents’ last will or when third party claims are filed against the estate, probate can extend for years.

If decedents die without leaving a Will the probate process requires additional time. Courts must confirm an estate administrator to manage estate settlement proceedings. Rightful heirs must be identified to ensure appropriate distribution of assets according to state probate laws.

Estates without a valid Will are referred to intestate estates. Although probate law varies by state, inheritance property is most often distributed to the surviving spouse and direct lineage relatives such as siblings, parents, and children. Heirs entitled in intestate inheritance gifts often find it challenging to locate a funding source.

If the estate is comprised of real estate secured by a mortgage note the estate is required to remit installment payments to prevent foreclosure. The estate is also financially responsible for keeping homeowner’s insurance premiums and property taxes current. When estates do not have sufficient funds the court can order the property sold.

When decedents owe outstanding debts, but do not have sufficient funds to pay, the court can order property sold. This can be problematic if assets were used to secure an heir advance. Due to associated risks, funding sources require heirs to undergo an application process.

Cash advance applicants should be prepared to provide a copy of the decedent’s Will and death certificate; estate administrator or probate attorney contact information; and a current copy of their personal credit report.

Funding sources review credit reports to determine if applicants have pending bankruptcy petitions; child support or spousal alimony obligations; or outstanding liens or judgments. These obligations can interfere with property transfers when probate settles and often prevent heirs from obtaining cash advances.

Once inheritance advances are approved, funds are provided within 1 to 3 weeks. Cash advance recipients are not responsible for repayment of advanced funds should the estate be unable to transfer probate property upon estate settlement.

Funding sources are prohibited from pursuing the estate or heirs for restitution unless it can be proven that heirs provided untruthful information to obtain the heir advance.

About the Author: Simon Volkov is a private investor and probate liquidator who provides heir advance funding to qualified recipients. He specializes in buying probate real estate in SoCal, Nevada, Arizona, and Washington. Learn more about the process involved for obtaining inheritance funding at SimonVolkov.com.

Source: isnare.com

Permanent Link: isnare.com/?aid=748581&ca=Finances

By Dennis Jarvis

Outside of how much term life insurance to purchase, the other key concern is how long or what term the insurance should be purchased for. These two factors really determine cost so let’s take a look at the question of “how long?”

Term life terms usually come in fixed periods of time running 5, 10, 15, 20, 25, or 30 years depending on carrier. One of the reasons that term life insurance is so much less expensive than whole life insurance is that the carrier is only at risk for a period of time. Whole life insurance can continue…well..for a person’s whole life. The analogy of renting life insurance (term) versus owning (whole) is usually thrown out (most likely by someone selling whole life insurance!). Life insurance is quite different from home ownership (the basis for the analogy). One is an asset while the other is protection from risk. Whole life insurance can be 10 times the cost of term.

The key to term life insurance is that you use it to protect against a defined risk or to mitigate a defined financial responsibility. The most common goal is to provide for loved ones in case of the loss of an income provider be it the sole or partial provider. This is a common concern for families at all stages from newlyweds to older adults whose children have already left the house. Typically, people underestimate the financial strain a loss puts on the their families. If you were to imagine not only the stress of the loss but the financial impact of everything falling on the other family member(s), it becomes apparent pretty quickly how important sufficient term life insurance protection can be.

Let’s look at some typical term considerations.

Newlyweds/families with young children.

The cost of raising children is estimated at a quarter of a million dollars from birth to college these days and that will only increase with time. Clearly, the concern for newlyweds or families with young children is to provide financial protection out to where the children are adults and ideally through college (another ever escalating expense). This would argue for a longer term period between 20-30 years. Keep in mind that for a given budget, the longer the term, the less coverage can be purchased for the same life insurance premium amount. There’s a trade off and it’s best to use the instant quote engine to run multiple combinations of term and term life amount to find the right “mix” for your budget.

Established family with/without older children.

As mentioned above, college becomes a key concern for this group. College is estimated at $20K-$40K and that amount will grow significantly into the foreseeable future. Paying off existing debt and/or assets also becomes a competing consideration. Mortgages, business debts, credit cards, and loans should be equally considered along with income replacement to get past the college years successfully.

Older adults

For adults who no longer have the intense financial responsibility of children, the shift is towards providing for debt/asset payoff and income replacement over a shorter period of time. Term is ideal here as well due to the significant price savings versus whole life for equivalent amounts of coverage. Age is the primary factor in determining cost so buiying term life insurance at an older age can be expensive. Whole life almost becomes out of the question for any amount of significant coverage as it’s typically 10 times more expensive than term life insurance.

The best approach is to try multiple term limits when you run your instant term life insurance quote on our free engine to find the right “mix” for you.

About the Author: Dennis Jarvis is a licensed insurance agent concentrating on

term life insurance

. Shop, compare, and instantly quote multiple carriers with professional guidance and resources.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=394528&ca=Finances

Submitted by: Carol Oon

In 1907, when H. J. Round discovered electroluminescence – the principle that permitted the first LED PL bulbs to be created – no one was able to find a use for this discovery.

Some years later (in 1962), when Nick Holonyak put together the first light emitting diodes that provided visible light, in other words, the first LED PL Bulbs, their utility became obvious in every scientists’ mind. Even though, at that moment, the cost of using this source of light was too high and no one seemed to be able to use it on a large scale, the inventors did not abandon the idea and, in a short while, the light made by a LED PL bulb could be used by anyone in the world.

The classic methods of obtaining light, like incandescence and fluorescence, are now losing ground. When comparing the advantages and disadvantages of using LED PL bulbs instead of an incandescent bulb, everybody seems to agree that using LEDs is safer, cheaper, and more decorative.

The problem with incandescent bulbs is that a great part of the energy they needed was used to bring the filaments to incandescence. With a LED PL bulb, there is no need to bring a metal to incandescence, because the principle to obtain light is different. In a world of ever less energy resources, of desperate struggle to preserve nature and prevent global warming, any method of saving energy is important for saving the Earth.

More than that, the light emitted by LED PL bulbs can be easily modulated and oriented in different directions without the help of mirrors or reflectors. Moreover, from the very beginning, in the fabrication process, this type of bulb can be made to bring angular light, from a few degrees to almost 120 degrees. LED PL bulb can be easily manufactured in different shapes, from a bulb similar to classic incandescent bulbs, to a rigid or flexible ribbon of continuous light.

Compared to the light given by classical bulbs, which can deliver just a spot of yellow light, the one emitted by LEDs is closer to the natural light, as it is continuous and white. Furthermore, it is safer for the human eye on a long term utilization.

The price of a regular incandescent bulb is a little bit lower than the LEDs, but considering the lower energy cost and the larger life span, the cost on the long term is far more affordable in case of LEDs.

For the moment, the disadvantages of LEDs are the following:

– they need a very stable electric source;

– they can only work at temperatures below 80 Celsius.

The first problem is the main cause that reduces the LED’s viability. Major electric power fluctuation can easily make the LEDs useless.

All in all, everyone can see that the use of LED PL bulbs can lower the costs of energy, can make you spend less money with the bulbs if you have a stable energy source, and can make you feel better with the sort of light they emit.

About the Author: For more information on

Ai LED PL Bulbs

, pls visit

LED PL Bulbs

.

Source:

isnare.com

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