real estate divorce tax niche market: Free Teleclass: 5 Ways to Survive Your Divorce Financially - 08/13/09 07:19 AM
5 Ways to Survive Your Divorce Financially with expert Carol Ann Wilson Thursday, Sept. 10 FREE and open to everyone! To register and for more information, see: http://www.carolannwilson.com/teleclass/ … (1 comments)

real estate divorce tax niche market: Free Divorce Teleclass - 08/03/09 02:34 AM
5 Ways to Survive Your Divorce Financially with expert Carol Ann Wilson Thursday, August 6 FREE and open to everyone! To register and for more information, see: http://www.carolannwilson.com/teleclass/ … (0 comments)

real estate divorce tax niche market: Separate vs. Marital Property: How Do I Know What Is Mine to Keep? - 03/20/09 06:43 AM
By Carol Ann Wilson, CFP, CFDP
In general, separate property, includes what a person brings into the marriage, inherits during the marriage, or receives as a gift during the marriage
Marital property is everything acquired during the marriage no matter whose name it's in. In some (but not all) states, marital property also includes the increase in value of separate property.
Patty and Dan are getting a divorce. When Beth got married, she had $12,000 in a savings account. During the marriage, her $12,000 earned $800 in interest and now the account is worth $12,800.
Her property is $12,000, because she … (1 comments)

real estate divorce tax niche market: Complications in Splitting Real Estate Property - 03/17/09 06:20 AM
Complications in Splitting Real Estate Property
Splitting real estate property in a divorce has many complications. One couple owned a retail business. They both worked in it together so it was difficult to make the decision about who was going to get to keep the business. The value of the business was about equal in value to the value of the building. They finally decided that the husband would keep the business and the wife would own the building.
This decision resulted in the wife becoming the husband's landlord! Then came issues with making repairs in the building, which caused her … (2 comments)

real estate divorce tax niche market: Divorcing Couples: Finding Money for a Downpayment - 02/13/09 02:54 AM
Divorcing Couples Can Avoid the 10% Penalty on Retirement Fund Early Withdrawal Often when couples divorce, there is a retirement fund that needs to be split. This can be an excellent source of money for a down payment on another house. However, normally these funds are subject to a 10% penalty tax by the IRS for "early distributions", if the funds are disbursed before the participant is 59 1/2 years old.
In a divorce situation, there is often the opportunity to withdraw money and avoid the 10% penalty. Let's say that Sarah and John are getting divorced, and Sarah is getting … (2 comments)

real estate divorce tax niche market: New Tax Law Concerning Turning Rentals into the Family Home - 02/12/09 07:45 AM
Real estate professinals need to be aware of the tax law change in July 2008. This new law goes into effect January 1, 2009. Assume that Paul and Karen are getting divorced in December 2008. They own several rental properties. Karen is to keep one of them and she decides to move into rental.
It used to be that if Karen wanted to sell the house after 2 years, she could apply her full $250,000 exclusion against the gain. But now the IRS wants part of those capital gains taxes that were accrued during the time it was rental property, starting … (2 comments)

 

Carol Ann Wilson

Longmont, CO

More about me…

Real Estate Divorce Specialist Association

Address: 906 Cranberry Court, Longmont, CO, 80503

Office: (303) 774-1225

Email Me

For all things associated with real estate, divorce, finances and niche marketing.


Links

Archives

RSS 2.0 Feed for this blog