Death and Taxes

...two things that are certain in life, and one of them is coming right up. Whether you procrastinate the inevitable or even extend, you have to plan for taxes. As we move through each year, the constant knowledge that we will be paying taxes is ever present so we plan for it. How different the concept of death as many do not plan for that inevitable event. Many consider a long term estate, but a short term plan is as valuable. In developing a short term plan a basic decision to make is whether you are in the right home, need to sell a home or perhaps change to a different community or area. If you have longed for a beach house as "soon as we sell the big family house with the never ending yard", maybe now is the time to list that house so you can plan for the beach house. If you have not tried but have yearned for an urban loft style existence, what are you waiting for? Make a short term plan to get that house listed. There has never been a better time to make a short term plan that will eventually fit the long term goal. We are seeing a low number of listings in a variety of neighborhoods throughout the Denver area and a large number of buyers. With interest rates remaining at record lows, buyers are looking but many are not satisfied with the lack of inventory, so it is a great time to buy and a great time to sell. A new product on the market is a 10 Year ARM at a 4.375% fixed rate. You can make a lot of plans during a 10 year period, even a few "change of plans". If you are interested in developing a new plan, listing and selling a home or purchasing a new home and taking advantage of the low interest rates and how they fit into your tax planning, contact me. The IRS has extended the tax deadline to April 18th, so you have some extra time to start planning. As always, if you are currently contracted with a broker as a seller or purchaser, this is not meant as a solicitation. Referrals are the "cornerstone" of my business and appreciated. posted: April 12, 2011 - Judy's Denver - Blog
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