Most people are not familiar with the differences between a will and a trust. A will is only an invitation into a Probate proceeding and involves (1) 18-24+ months where all assets are frozen during the pendency of the probate proceeding; (2) exorbitant costs; (3) a sacrifice in personal time and energy; (4) stress. In reference to costs, there is a statutory Probate fee schedule that always seems to shock people when they learn how this system works. For example, if you and your wife own a home with a fair market value of $500,000-irrespective of the balance between how much you own and how much you owe, the Probate court assesses the gross valuation-the full $500,000, which equates to a minimum statutory assessed fee of $26, 000. This does not factor in court filing fees, appraiser fees, creditor claims and attorney extraordinary fees, which invariably tack on multiple tens of thousands of dollars in most instances. An Estate Plan also ensures you avoid the expense and uncertainty of court proceedings otherwise required should either of you become incapacitated through illness, accident or a disability.
Mark Swatik Esq. offers my clients a free consultation that is very helpful in educating them on the purpose of estate planning, as well as the privileges and protections associated with these concepts.
Contact me at firstname.lastname@example.org to request a “free consultation”
Mortgage bonds are down again for the third day in a row. Successfully giving back nearly all the rate gains we had seen last week. Why you ask are did we lose steam on that amazing rate rally, well watch the video to find out. I’m moving to a cautiously floating stance as we near the bottom end of the new trading channel. Today’s news held for us national home price levels and consumer confidence numbers, plus we kick off the first of 99 billion in auctions today.
We have a slow economic week ahead of us, so expect a major battle between stocks and bonds over that investment dollar. NFL opening game this Thursday…YES!!!… President Obama to speak on creating new Jobs for 90min prior to kickoff. Welcome back to work…now get to it!
Locking… now at top of trading channel…
This is going to be one of those strap in and hold on kind of weeks. More economic news than should be allowed in one week, started today. It all comes together on Friday with the Jobs Report and Unemployment Number. Mortgage bonds are off this morning, on rising inflationary numbers. I suggest carefully floating today, but being prepared to lock at a break below the S1 level outlined in the charts. Watch the video.
Hang on this is going to be a wild week. With Mortgage Bonds at the best levels of the year, and a complete line up of market moving data, finishing off with the Jobs Report, this is going to be a crazy one. Watch the video and give me some feed back on your take of whats happening with the economy right now….
Carefully Floating is my position for the week!
Still no resolution to the debt ceiling issues and this helped rates move a leg higher last week and is putting pressure on rates today…this week we have on tap, 99 Billion in Treasuries that are set to be auctioned off. Ever wondered what a Trillion looks like: What does one TRILLION dollars look like
Cautiously Locking until debt ceiling issues are resolved
This week we have the FOMC meeting kicking off and our normal plate of Coupon Auctions. This week we are also riding a fight to quality bid, and rates approaching again the best levels of the year. Watch the video to hear more and see the charts as we lifted off the lows of the year on Friday!!!
This week we have employment numbers coming out and a technical battle at the 200 day moving average taking place, watch the video to find out if I’m locking or floating. Also what happened to rates last week!!?!
End of QE 2 this week quite possibly spells the end of low mortgage rates as we know it. Expect major volatility this week with major reports and 4th of July light trading volume. MBS are taking a beating already, watch the video to get all the details you do not want to be caught off guard this week…..Find out if i’m floating or locking….
This week we are looking at Bond auctions and some inflation reports at the end of the week, click to play the rate report and find out if I’m locking or floating… Don’t forget to subscribe!