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June 2016
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October 2016

July 2016

Easy Estate Planning

The need for a will is becoming less and less. And going thru the probate process may become a thing of the past. Here is what you need to check on:

Brokerage Account:  Transfer on Death (TOD)
A way of designating beneficiaries to receive your assets at the time of your death without having to go through probate. This designation also allows you to specify the percentage of assets each person or entity (your "TOD beneficiary") will receive. Your assets will then be automatically transferred to the designated beneficiaries upon your death.

Bank Account: Payable on Death (POD)
An arrangement between a bank or credit union and a client that designates beneficiaries to receive all the client's assets. The immediate transfer of assets is triggered by the death of the client.

Real Estate: Transfer on Death Deed
When the homeowner dies, title to the real estate passes to the beneficiary or beneficiaries, named in the Transfer-on-Death Deed, similar to how title passes in a Joint Tenancy Deed. This Deed avoids Capital Gains Taxes to be paid by the Beneficiaries at time of sale. Not all states allow them.
If you want to pass property to family members, look into a Quitclaim deed


5 Ways To Reuse Your Old Shower Curtain

  1. Drop cloth for painting
  2. Tarp to cover firewood pile
  3. Protect your car's interior or trunk from bags of compost, top soil, muddy boots, etc.
  4. Family size poncho at an outdoor event
  5. Mini-greenhouse or cold frame for the garden. Build a frame with plastic pipe or scrap wood, and drape the curtain over it. Use stakes to secure it to the ground.

 


Space: The Frugal Frontier

  • Think vertical – just keep a step stool handy
  • Hang stuff – use pegboard or hammer nails between floor joists (in the basement) and hand stuff that has a handle/hole
  • Think square – square containers can be stacked and don’t waste volume like circular containers do
  • Be creative – use the space under a couch, under a bed, or under the stairs for your non-perishables – use a storage trunk as a coffee table
  • Keep track to avoid duplication through labels, writing on boxes, and arranging items logically
  • Buy foldable furniture like futons, card tables, folding chairs
  • I have found that I double my freezer space simply by taking the frozen contents out of the boxes that they are purchased in
  • When saving things for future use, save only the small, useful parts like screws, nuts, bolts, springs, and washers
  • Buy things that have multiple uses – a bike can be both transportation and exercise
  • Clean house every spring and have a yard sale – if something doesn’t sell, call the Salvation Army