According to Ellie Mae’s latest Origination Report, the average FICO® Score on all closed loans dropped to 722 which is its lowest mark since April. The average includes all approved refinance
Just Bought Or Sold A Home Now What
From Our Friends At Dominion Law Group | After You Buy or Sell a Home
Your real estate closing is finally done, you’ve moved on to the next phase in life, and are getting settled. Where should you put all those closing documents? Your realtor told you to keep them in a safe place, as you will need to keep them for many years. He told you to put them in the same location as your Wills, perhaps in your safety deposit box. You do have Wills, don’t you?
Buying or selling a home is a major life event that should prompt you to review your estate plan or create one if you haven’t done so already. Your estate includes all of your personal and financial assets, including your home and your retirement plans. Your new home may be the largest asset in your estate. You need to consider how you want your estate divided among your beneficiaries. You should consider carefully who you want as guardian for your children if you are unable to raise them, and give instructions on child rearing goals and principles that are important to you. You should designate someone to make health care decisions for you if you are unable to do so.
Basic estate planning starts with the following “must have” documents:
a Will or a Living Trust
a Durable Power of Attorney for financial decision making
a Health Care Power of Attorney to name an agent who makes decisions on your behalf
Living Will to express your health care preferences if you are unable to
a HIPAA Privacy Authorization to identify those who should have access to your health records and health care providers
Estate planning is an ongoing process that calls for reviews and adjustments for life changes such as: marriage, purchase or sale of a home, birth of a child, marriage of a child, divorce, re-marriage, death of a family member, job change, retirement, opening a business, moving to another state, etc. Consult an attorney experienced in Wills and Trusts for assistance in putting together your estate plan.
Eileen Swicker and Anna Freska are estate planning attorneys in the Leesburg office of The Dominion Law Group. We focus on estate planning, probate and advising small businesses in Northern Virginia and the District of Columbia. We are available to consult on the planning needs of young families with small children, established mid-career couples, those beginning to plan for retirement as well as those already enjoying the “golden years”. We analyze each situation for its unique needs and then devise custom solutions to estate planning needs. Our objective is to design the estate plan that meets each client’s needs so that the State does not serve as the estate planner by default. http://www.thedominionlawgroup.com/
Melody Hall Visser is a passionate Realtor who lists, sells, and dwells in Northern Virginia. Currently, she serves as a REALTOR at eXp Realty, LLC. As a life-long resident of Virginia, Melody has....