5 Gorgeous Westchester Trails For Seeing Fall Foliage

Whether you want to walk, hike, jog, or bike, there is a trail to fit your needs.

Source: 5 Gorgeous Westchester Trails For Seeing Fall Foliage

REALTOR – The New Closing Rules – YouTube

Published on Jul 20, 2015 REALTOR® Magazine presented a live webcast on July 16, 2015, to help real estate professionals understand the changes to the closing process that are scheduled to go into effect later this year. The program featured attorney Phil Schulman, a partner with K&L Gates and former official with the U.S. Department of Housing and Urban Development who specializes in federal closing rules, and NAR Senior Counsel Finley Maxson.

Your Home: 4 Tax-Smart Moves

For many people, a home is one of their most valuable assets. As such, it needs to be factored into your estate plan. Traditionally, homeowners have focused on limiting estate tax. Now, they need to shift their focus to saving on income tax. The reason: The estate tax exemption has climbed to $5.43 million per person (or $10.86 million for married couples), thereby making estate taxes less of an issue. Meanwhile, capital gains tax rates are at their highest in many years, and many people nearing or in retirement are living in homes that have increased enormously in value.

Source: Your Home: 4 Tax-Smart Moves

Review your estate plan against this 14-point checklist – MarketWatch

Many Americans have estate plans in place — but unfortunately, many are incomplete and the most important subjects aren’t even addressed.

Source: Review your estate plan against this 14-point checklist – MarketWatch

What Happens to Liens and Second Mortgages in Foreclosure? | Nolo.com

Frequently, homeowners have more than one mortgage on their property, as well as judgment liens in some cases. For example, you took out a second mortgage along with the first mortgage to cover the purchase price of your home, you got a home equity loan to cover home repairs or remodeling, or a credit card company sued you and obtained a judgment lien. Read on to learn what happens to second mortgages and judgment liens in a foreclosure.

Source: What Happens to Liens and Second Mortgages in Foreclosure? | Nolo.com

Rollercoaster built through Netherlands house for sale – BBC News

In a novel marketing ploy, a Dutch bank has built a rollercoaster through a property that has been up for sale for the last six months.

The wooden framework was installed to give potential buyers a tour around the building.

The rollercoaster tour is part of a wider real estate initiative, designed to help home sellers advertise their houses.

via Rollercoaster built through Netherlands house for sale – BBC News.

Serenity Now: Coping with the Delayed Closing | Ron Gitter

In the old days, invariably I would get a call from a broker claiming to have a “simple” deal that would be easy to get done. Whether it was an all cash transaction between neighbors, a purchaser with superior banking connections or a sponsor deal in a completed building, at least in theory, getting to the finish line would be somewhat seamless. There are still a few transactions that fall into that category, but for the most part, each transaction is now a roller coaster ride, with enough twists and turns to require Dramamine.

read the rest of the article with various other scenarios at Serenity Now: Coping with the Delayed Closing | Ron Gitter.

Do You Need a New EIN?

Generally, businesses need a new EIN when their ownership or structure has changed. Although changing the name of your business does not require you to obtain a new EIN, you may wish to visit the Business Name Change page to find out what actions are required if you change the name of your business. The information below provides answers to frequently asked questions about changing your EIN. If, after reading the information below, you find that you need an EIN, please see How to Apply for an EIN.

via Do You Need a New EIN?.

How to Make a Claim Against the Estate of a New York Decedent

In New York, the Executor or Administrator of an estate is obligated to address all claims presented within the prescribed time frame and in the form set forth by law. Failure to comply with the requirements of Surrogate’s Court Procedure Act (SCPA) §1802 and §1803 may be disastrous to the creditor. You are a creditor of an estate, if a decedent owed you money (debts) while he or she was alive. Examples of debts include: personal loans, credit card debt, bank loans, unpaid fees for services, medical bills, auto loans, rents, etc.

If you have a valid claim against a decedent, you must follow the procedures prescribed by law.

via How to Make a Claim Against the Estate of a New York Decedent.

Understanding the Law: What Happens to Debts When You Die?

Everyone who creates an estate plan is considering what assets that they want to pass on to their heirs when they die. However, many do not consider what happens to your debts when you pass away. Whether or not your loved ones will be responsible for your debts depends on your estate and the types of debts that you leave behind.

via Understanding the Law: What Happens to Debts When You Die?.