362 posts tagged with estate.
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SO wants to Probate his dad's will on his own, how hard is it?

His dad passed away suddenly 2 weeks ago, it's been an extremely difficult time and he and his sisters just want to get through his financial things and move on. They feel uneasy about paying such high fees for a lawyer to probate it and are looking into doing it themselves, is this a smart move? [more inside]
posted by bluehermit on Jul 23, 2015 - 16 answers

Should I go with this real estate broker?

Or should I just see places via the brokers of the sellers? [more inside]
posted by manderin on Jul 16, 2015 - 8 answers

How do I apologize for mixing friends, family, and business?

I made a mistake. I'm helping my in-laws buy a house, and I introduced them to a long-time friend and Realtor, in the hopes of providing my friend with a reference client, and my in-laws with an extremely trustworthy advisor. At first everyone seemed very happy with this arrangement, but it's gone off the rails. [more inside]
posted by whisk(e)y neat on Jul 13, 2015 - 17 answers

Liability for debts of the deceased?

How liable is my wife for the debts her father had when he passed away? How close can collections get to our assets, and/or the assets we received from him? Can they impact her credit score? [more inside]
posted by rollbiz on Jul 6, 2015 - 12 answers

Collector Spoons

Trying to find a home for Collector Spoons from my father's estate. [more inside]
posted by Alt255 on Jun 19, 2015 - 4 answers

Considering putting an offer on a house but need input

Please advise if this house mught be a good investment. I saw it a while back and liked a lot about it but certain factors turned me off from it. Now that it's had a price reduction i'm reconsidering if it's a worthwhile investment. I plan to live in it but resale value is important to me as I don't know how long I plan to stay and want to be able to sell it quickly without losing money. Details below [more inside]
posted by anonymous on May 25, 2015 - 15 answers

Career question: how to transition out of nonprofit track?

I have worked for the federal government for five years (2 on Capitol Hill and 3 in SLC) and also for a well respected local nonprofit here in Salt Lake City, UT for the past two years. I'm Associate Director and things are good. However, unless I become Exec. Director there isn't much upward mobility. Plus, I wrote another question earlier this year about avoiding burnout, which is a problem with nonprofits, long hours, small staffs, etc. What I'm saying is I can't see working in the nonprofit world long term. I don't really see myself transferring to another nonprofit in town either. [more inside]
posted by anonymous on May 23, 2015 - 8 answers

Need help making plans for my possible death

I am making plans for my loved ones in case I die. I know the coroner will take my body away, but I'm afraid there will be an awful mess left behind. How do other people handle this? I don't want my loved ones to have to clean it up. [more inside]
posted by Cinnamon Bear on May 22, 2015 - 16 answers

What do I do with someone else’s memories?

I have in my possession my dead stepmother’s baby photos, photos of her beloved mother, her lovingly constructed scrapbook of awards, school reports, diplomas, etc. She has no one left behind to whom I can give these items, not a single family member, not a single friend. While her items have no intrinsic sentimental value for me, I also feel really weird about just throwing them away. What do I do? [more inside]
posted by Ink-stained wretch on May 4, 2015 - 43 answers

covering buyer's closing costs

I am finally selling this long-suffering house, to a buyer with a VA loan. How mandatory is it that I cover her closing costs? She is moving from a state with way, way higher housing costs than this location; she loooves the house, and upped the asking price by $6K to beat out another offer within 5 days of listing. My agent was adamant that I agree to cover her closing costs, somewhat over $5K, because it's routine. [more inside]
posted by mmiddle on Apr 23, 2015 - 15 answers

Not my debt, not my problem.

So, you all have been very helpful when it came to the Life Insurance question. Good news! I found a policy! Bad news! It's so small that it barely covers the cremation expenses, of which I paid out of pocket. I've now tallied up his assets and his debts, and the debts far outweigh the assets. Like, there'll be enough to recoup my costs for the cremation, but really not a lot else. Now, I know that I'm not liable for his debts, but how do I communicate to the creditors that the Estate is Insolvent, and consequently they're not getting paid? [more inside]
posted by spinifex23 on Apr 6, 2015 - 4 answers

Maybe "It Follows" was a metaphor for timeshares?

So I've read a lot of horror stories about timeshares, and it just doesn't make sense that our legal system lets anything that insane exist, seemingly without any restrictions. Can someone with some legal knowledge (or personal experience) explain them to me? I'm not looking for legal advice (thankfully don't need it), I'm just curious. [more inside]
posted by vogon_poet on Apr 2, 2015 - 7 answers

How to evaluate prospective tenants?

I own an apartment in New York City, which I need to rent out. I found tenants who seem to be lovely people, but I'm struggling to decide whether or not to be concerned about their finances. [more inside]
posted by amandabee on Mar 30, 2015 - 25 answers

winning over estate agents as a customer?

The treatment I get from estate agents in the UK is almost as though they are not looking for business. I have been trying to buy a house for over a year and find estate agents to be surly, often not returning calls. How do I make clear my interest and what should I do to make sure I am treated well and fairly by estate agents in the UK?
posted by parmanparman on Mar 27, 2015 - 5 answers

College loans for buying property?

Does anyone have experience using college loans for buying property to live in while attending school? I'm looking at buying a 2-5 acres for about $25,000 to $40,000, putting up a DIY cabin shed in lieu of throwing all my money at rent over the next 3 years. [more inside]
posted by caveatz on Mar 26, 2015 - 12 answers

Do I own my late parents' house?

My father passed away in 2014 (in TX, if it matters). I am the only heir and my mother pre-deceased him. My father's estate includes the house he lived in. It was fully paid off. There was a court ruling (Dec '14) affirming that I am to inherit his property and that I am the executor of the estate. Do I now own the house? Or is it technically owned by the estate until the (non-mortgage) debts are all finalized? [more inside]
posted by emilisha on Mar 25, 2015 - 11 answers

Is it illegal to tease real-estate buyers?

My neighborhood is in a crazed real-estate frenzy. Every other house is for sale. Every other house is being torn down and rebuilt. It is like a nonstop construction zone around here. Would it be illegal for me to put up a phony "For Sale" sign to tease the manic speculators? [more inside]
posted by shipbreaker on Mar 22, 2015 - 17 answers

What do I owe this real estate agent?

Do you have to involve a real estate agent in a deal if you didn't sign a contract with them, but they showed you the house? [more inside]
posted by Clotilde on Mar 20, 2015 - 15 answers

First Time Homebuyer -- Doing it Without a Real Estate Agent

My wife and I will (hopefully) be buying our first home in the near future. We've identified a great place, however the sellers want to do away with real estate agents to save on the 6% commission, since they've already identified a willing and able buyer (us). Complication: I've never bought a house before and am nervous about not having someone to hold my hand. Advice? More details below. [more inside]
posted by Creamroller on Feb 26, 2015 - 29 answers

Are we overthinking this? - Apartment Purchasing - Brooklyn Style

My husband and I are saving for a down payment for an apartment. We (as many people in our income bracket) are feeling the heat of just not having enough to compete in the market. Hoping to cut through the rabble and get some feedback on recent buying experiences from people who have been successful in going through the process. We have some specific issues that we are hoping to get feedback on, contained within... [more inside]
posted by carmenghia on Jan 30, 2015 - 4 answers

recommend a Memphis realtor?

I'm finally ready to put my Memphis house on the market again, so have to find an ethical, skilled professional realtor there (I live 3 hours away). Ideally this would be someone who learned the business, and performance standards, in at least one other major American city. [more inside]
posted by mmiddle on Jan 29, 2015 - 3 answers

Tell me about your experiences running Estate Sales or having one

I have been going to a number of estate sales lately, and they always vary so much. I have a number of questions about structure and what-not, and I am hoping that people who either have run them, have worked for companies that have run them, or have used companies to run them, might be able to help me. [more inside]
posted by Slinga on Dec 17, 2014 - 8 answers

Do I need a lawyer or a CPA or a ???

Last year, little baby iminurmefi was born, and while I know that there's a grace period where you can say "I just had a baby!" to excuse temporarily dropping the ball on all sorts of life stuff, it's about year past when my husband and I should have gotten our crap together and done that legal... stuff (that's the technical term)... that you're supposed to do when you have a kid and a house and assets and newly-complicated taxes. Estate planning, I guess? I know AskMe can't do this for me, but I am a bit lost as to what sort of professional(s) I need to hire here. [more inside]
posted by iminurmefi on Nov 18, 2014 - 13 answers

Considering Real Estate investment options, help me decide?

I'm considering buying residential property to rent out, either in Portland, ME or Orlando, FL. Quite different scenarios, so the decision isn't really apples-to-apples. [more inside]
posted by pinkbungalow on Nov 1, 2014 - 6 answers

Real Estate Ethics - client saw apt w/ another broker first

I got a call from a client today who saw an apt with another broker. This broker has the same listing as me but is in another office (the owner of the property is using both of our offices - neither of us have exclusivity agreements). [more inside]
posted by soooo on Oct 30, 2014 - 7 answers

Down payment assistance

I am saving up for the down payment on a co-op apartment here in NYC. I'll estimate the sum of said payment to be in the $30-$50K range, based on current co-op prices and a down payment requirement of 20%. [more inside]
posted by the hot hot side of randy on Sep 15, 2014 - 17 answers

Way to find out which real estate agents make sales in a region/county?

I'd like to know which real estate agents have actually completed/closed on houses/property in a particular county, say in the past 12 months or calendar year. [more inside]
posted by sandra_s on Aug 24, 2014 - 2 answers

How hot is Seattle real estate right now?

We are considering a move to Seattle from the Bay Area. Last year we took ourselves out of the house-hunting game down here due to the crazy market here. What can we expect from Seattle? [more inside]
posted by chevyvan on Jul 24, 2014 - 8 answers

Need to sell a house in Sarasota

The house values quoted to us are all over the place! [more inside]
posted by fifilaru on Jul 9, 2014 - 6 answers

What to do with thousands of camels?

My mother passed away earlier this year and left behind a large camel collection. Very large. (We're talking 10000+ objects.) After keeping a few to remember her by, what do I do with it? [more inside]
posted by dmd on Jul 3, 2014 - 15 answers

Helping my dad start an eBay store

My father has asked me to help him set up an eBay store for some estate sale type items and I'm looking for current advice on all things eBay. [more inside]
posted by youngergirl44 on Jul 1, 2014 - 11 answers

What progressive social justice organizations should I will my money to?

I'm writing my will, and I'm planning to donate pretty much my entire estate. Places on my radar are: ACLU, Planned Parenthood, and Lambda Legal. I know there are tons of other great organizations out there, but I don't know who they are, so please tell me about them. I am interested in anything progressive/social justice-y.
posted by (Over) Thinking on Jun 14, 2014 - 29 answers

How can I take over a car loan after the death of a relative?

It's okay with the estate, but now I need to deal with the car company. How do I make sure that I can take over the car loan of a dead relative in order to keep the (sentimental) car, keeping in mind bad credit and not enough money to pay it off entirely? [more inside]
posted by anonymous on May 20, 2014 - 10 answers

Grad student, thinking of becoming Rental Agent for LL, or Buyer

Greetings! My LLs are about 85 and seem to be over being LLs. There are 11 units in my building, 3 of which were rented for the year, we had a 4th tenant but she moved out the 4th month. I secured all of these tenants. My LLs obviously could have made a lot more money if they rented all the units. I can easily get tenants and have no problem doing so, the only obstacle is the LLs, they do not get back to emails and lose many of the renters I get (I show them the unit and it takes the LL 2 weeks to email back). [more inside]
posted by TRUELOTUS on May 17, 2014 - 12 answers

'right of first refusal' as a real estate tool

This question is following up on one I posted almost a year ago, trying to arrange sale of house to tenants who could not qualify for a bank loan (a resounding NO to self-financing and promissory note). If at all viable, I will follow up with an attorney; otherwise I will let it go. Here's the idea: They can now qualify for a $130K loan. The house is zestimated at $170K. What about selling them a right of first refusal for $40K to buy the house at $130K? They would pay me up front for the right and for my promise to make the house available within x time for them to exercise that right. They would of course still have to come up with a down payment for the bank/mortgagor, but I think it's more their credit than their cash flow that has been a problem in the past. Even as I type this I'm imagining Murphy's Law kicking in, but seems riskier for them (buyers) than for me.
posted by mmiddle on May 9, 2014 - 14 answers

Experience with Redfin (or similar site) agents from the sell side?

Hi, hubby and I are looking to sell our house. We have a traditional agent that we've used in the past, but we don't want to use her again. We aren't ruling out using another local agent, but since we're both tech savvy and used sites such as Redfin extensively during the browsing stage, we are thinking about using a Redfin agent. Other than lower commission, the other perks like free professional photos is certainly nice to have. But other than agent's reviews on Redfin's own site, I can't seem to find stories of other people's experience using Redfin agents to sell properties. Stories of people using Redfin agents from the buy side seem to be more common. So I'm posting here to see if any MeFites who have used/know someone who have listed properties with Redfin, both pros and cons of going this way. Thanks!
posted by wcmf on May 8, 2014 - 2 answers

Real Estate Law: Any Benefits To Us Getting Married Early?

YANL, YANML. I presently am on the deed to a house with a family member. We are joint tenants with full rights of survivorship. My family member holds the mortgage note entirely in his name. Other members of my family are becoming increasingly more aggressive in regards to me moving the mortgage into my name (which may not financially/credit wise be feasible). My question is that I'm planning to get married later next month. Is there any benefit to me - to protect my interests in the property - to get married sooner? [more inside]
posted by splitinfinitive on Mar 30, 2014 - 9 answers

Production Home Help Needed

My husband and I are thinking about having a home built -- a production home -- in one of the many subdivisions in our growing area. We have purchased a home before (and sold it later; not in our current area) but it was older and had been flipped. What do we need to know about the production home process? [more inside]
posted by danielle the bee on Mar 9, 2014 - 9 answers

Getting cold feet on refinance with unknown 3d party credit union

Does anyone know the skinny on CU Community, a credit union lender based in Springfield, MO? [more inside]
posted by mmiddle on Mar 6, 2014 - 6 answers

Best way to sell a privately owned office building in Northern VA?

There is an 4-story commercial office building that we'd like to sell. The building's tenants are professional businesses. We'd like to sell the building as soon as possible. Teach us how? [more inside]
posted by anonymous on Mar 6, 2014 - 9 answers

Getting our shit at LEAST in a diaper or something

OH HAY it's another prenatal question. Pursuant to getyourshittogether.org, I am trying to put those pesky ducks in a row before August. What kinds of documents, topics, etc. should we include in an estate plan et. al.? And what should we add (e.g. life insurance) to solidify things a bit more in case of Bad Things Happening? [more inside]
posted by Madamina on Feb 18, 2014 - 14 answers

Need an excellent estate attorney in NYC. Integrity a must.

Looking for an estate attorney so good it’ll make us forget how our last estate attorney shamelessly ripped us off. [more inside]
posted by ROTFL on Feb 10, 2014 - 2 answers

What to do with a large number of enormous oil paintings

My partner's father, a professional artist, passed away last year. We are now responsible for his work, including many large paintings (over 7 ft high), along with smaller paintings and works on paper. His father wasn't selling many paintings in recent years, so we don't think there's much of a market for them. He was an art professor for many years and had some nice residencies and reviews throughout his career, but as far as we know, he wasn't working with a gallery or dealer in the last few years. [more inside]
posted by pourtant on Feb 3, 2014 - 14 answers

Baltimore/Real Estate peeps! Do you think we should sell this townhouse?

My mother bought a townhouse before the housing bubble. She lost her job two years ago and is having trouble paying the mortgage. What's the process for selling the house and what do we have to lose? [more inside]
posted by bluelight on Jan 26, 2014 - 19 answers

How safe is Clinton Hill, Brooklyn?

I've been living in Brooklyn Heights for two years. It's expensive and kind of boring, but definitely very safe. I'm moving soon and found a place I love in Clinton Hill close to Pratt. I love the beautiful architecture and artsy vibe. I was ready to sign a year's lease but then I did a bit of googling and found out that Clinton Hill and Fort Greene were found to be the 6th most dangerous neighborhood in NYC. Is Clinton Hill really that dangerous? I am a 95 pound woman in my 20s, not super street smart, but familiar with the Subway and Brooklyn in general. Is moving to Clinton Hill a bad idea? Am I doomed to moving to Park Slope instead just to be safe? Will I be okay in Clinton Hill as long as I don't walk home alone at midnight - which I do in Brooklyn Heights now? Or conversely, is it on the dangerous level of not walking alone any time after dark?
posted by anonymous on Nov 17, 2013 - 14 answers

Who is the executor?

A relative passed away this Summer who was the executor of an estate that was "finalized" 20 years ago. Now there are new assets found from the estate. Is the relative's surviving spouse the new executor? [more inside]
posted by Slothrop on Nov 14, 2013 - 8 answers

Help me hone my new york apartment hunting skills

I'm looking to rent a room in Brooklyn/Queens ASAP but I know very little about the city. I have a place to stay for a few weeks when I move down there on the 17th of this month but after that I'm pretty much on my own. How can I educate myself in the meantime so I know what to look for when I'm reading craisglist ads? Also, suggestions for good apartments based on what I'm looking for? [more inside]
posted by timsneezed on Nov 8, 2013 - 10 answers

What should my elderly parents do with their only asset, a liquid $250K?

I'm seeking as many opinions as I can get from people with knowledge of financial advising and/or trusts & estates and/or estate planning, about what my parents (in their 80s) ought to do with their $250,000 in liquid assets. I'm NOT looking for the kind of detailed plan we'd get from an advisor whom we hire; I'm looking for short, quite general, common sense answers (such as "These ONE OR TWO types of instruments are good/bad; all others are to be avoided/considered.") I'm also looking for as many answers as I can get. In order to get that assortment of answers, I want to disclose only a very few specific things about the folks: 1. they currently rent an apartment; they do not own a home. 2. they are in their 80s--relatively healthy and can drive, shop, take care of themselves, but I'm not sure how long that'll last. I'd like to see them in a retirement community within a couple years. 3. Their only income (which doesn't amount to much) is social security. 4. They lose about $2,100 in total expenses every month. That's just about equal to what they take in each month. 5. Their one and only significant asset is a liquid $250,000. Okay, at their age, and considering all the above, WHAT IS/ARE THE MOST PRACTICAL THING(s) THEY SHOULD DO WITH THAT LUMP OF LIQUID MONEY? THANK YOU from their worried adult child with a family of my own!
posted by losdavos on Oct 24, 2013 - 14 answers

Trustee won't distribute funds from the trust, won't even return calls.

A relative of mine died a over two years ago, leaving a very small estate and a small trust. There were various delays, so the trust was in stasis for nearly a year. The delays have been resolved, but I cannot get the trustee to pay out the funds. What do I do? [more inside]
posted by ROTFL on Oct 18, 2013 - 19 answers

Selling a cello, hoping to not lose a sister, too.

How do I tell my sister I'm selling our mother's cello? [more inside]
posted by missmary6 on Sep 24, 2013 - 59 answers

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