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Archive for the ‘NV Clark County’ Category

Probate Realtor, Penny O’Brien in Las Vegas, NV Clark County Experienced Agent

Thursday, September 6th, 2018

Hello again everyone,

Are you looking for a Las Vegas, NV Realtor to help you with the sale of a home that is in probate?  You’ve come to the right place.  I can help you.  Feel free to give me a call anytime.  I can assist you through what can be a very challenging event.  Maybe you’ve never had to do a probate sale before.  No worries, I’ll help you through the whole process.

How do you avoid probate on a home?
Here’s  some suggestions for you.
  1. Make a Living Trust.  I can’t stress it enough.  The way to avoid probate is simply to create a living trust.
  2. Name your beneficiaries on all retirement, bank accounts and other accounts that pertain.
  3. File Joint Tenancy with a Right of Survivorship. If you have questions about this let me know.

Wills do not have to go through probate unless you want to transfer ownership of assets owned by the testator, or the person who wrote the will, to her/his living beneficiaries. Some states provide legal options for doing it through simplified procedures for limited estates. 

What needs to go through probate?

Assets that generally do not go through probate are, Firstly, jointly owned assets that transfer to the surviving owner; Secondly,  assets that have a valid beneficiary designation; and then Thirdly assets that are in a trust. However, these assets do not always avoid probate.
Probate is the court-supervised process of the gathering of the deceased person’s assets and distributing them to creditors and inheritors. If you are the executor, your probate process will depend on if your state has adopted the Uniform Probate Code (UPC), which is a set of probate laws written by a group of national experts.
Take care, Penny O’Brien (702) 321.9383.

Penny O’Brien

RE/MAX Excellence

4435 S. Buffalo Dr

Las Vegas, NV 89147

Penny O’Brien is not an attorney, please hire one for professional advise.  Thank you, Penny

Own or Rent? Las Vegas Housing market is Hot Hot Hot, buy now and invest in Vegas

Monday, August 20th, 2018

Hi Everyone,

Once every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was just released not too long ago.

This survey revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. During the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).

So the bottom line is that the numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter.

Quietly saving money and owning your American Dream:

The “American Dream” is to own your own home, it’s also a way of “Saving” due to the growth in equity of the home. That is considering your home is going up in value.

Many people don’t invest in anything more than their home.  They don’t save money, they don’t have CD’s or entertain the idea of investing in the stock market.

 

want to know more, call Penny O’Brien with RE/MAX Excellece 702.321.9383

Penny O'Brien
Las Vegas | Henderson | Summerlin Realtor/Real Estate Agent


Cell:  702.321.9383
Email: lasvegasniceliving@yahoo.com

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