Ailing Family Member: When It’s Time to Move Closer
As the baby boomer generation moves into the retirement phase of life, many Generation Xers are making tough decisions about whether to move closer to parents or other family members who may be in need of their help. As a sandwich generation, these Gen Xers have questions about the right time to make a move and options on how to help aging loved ones. If you’re caught between caring for two generations and wanting the best for your elder family members, Clair Wentz at CaringFromAfar.com has put together some things for you to consider.
I am constantly asked “Should I rent out my house?” If a client is unsure about selling, if the house is vacated during disposition of the estate, or if the house has not sold for an extended period of time, renting can be an option.
Over the last year I’ve become the realtor of record in the Genesee County Family Court in a number of divorce cases. This was an interesting experience. What I learned was that in each home sale, the nuances and details necessary to insure that each party would be successful at the closing is different than in other transactions. This encouraged me to learn as much as I could about my role in the sale of a marital home during a divorce.
Many years ago a client of mine had a quitclaim deed drafted to put his son on the deed to his home. With a quitclaim deed, in the event of my client’s death the son would automatically become the owner without the property going through probate.