real estate

A former employee recently asked me about mortgage gift letters. She had just accepted a new job and would thus be buying a new house in a different area. “My father-in-law is giving us some money to help with the down payment. Our realtor mentioned that the bank will probably […]

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Net worth is a common measure of wealth. At the same time, different people tend to define it in different ways. In its purest form, net worth is calculated as assets minus liabilities. Essentially, the amount of money you’d have if you sold everything that you own and paid off […]

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Over the past week, I’ve been giving myself a crash course in Medicaid planning. I guess that’s what happens when your parents advance in age and start having health problems. In case you weren’t aware, most states require the elderly to spend down their assets to a few thousand dollars […]

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