Anthony S. Park

Daily: Ditch an indulgence or two Weekly: Make deposits into a 'home savings' account Weekly: Start attending open houses Monthly: Do a trial run at homeownership Monthly: Pay all bills on time Yearly: Check your credit report   Read the post at  https://www.realtor.com/advice/buy/habits-all-successful-home-buyers-have-in-common/   My book “How to Buy Your Perfect First Home” available on Amazon

Should my trustee be my spouse or child? Should my trustee be my attorney, accountant or other trusted adviser? Should my trustee be a bank or trust company? Would having more than one trustee be my best option instead?   https://www.kiplinger.com/article/retirement/T021-C032-S014-how-to-choose-the-right-trustee-for-your-estate.html   Original post by Timothy Barrett ( LinkedIn )

Summary Any problem with the home’s foundation Bad wiring and other electrical issues Slow sewer lines Black mold Termites DIY projects without proof of permit Links Read it at  https://anthonyspark.com/ 6-home-inspection-deal-breakers / My book “How to Buy Your Perfect First Home” available on Amazon

Summary Where Does the Potential Guardian Live? What Are the Potential Guardian’s Religious, Political and Moral Beliefs? What Do You Know About the Potential Guardian’s Parenting Skills? How Old Is the Potential Guardian? What Is the Potential Guardian’s Family Situation? What Is the Potential Guardian’s Financial Situation? Have You Asked the Potential Guardian If They’re Willing to Serve? Links...

Summary If You Haven’t Paid off Your House If You Co-Signed Loans or Credit Cards If You Racked up Unexpected Medical Bills If You Help Foot the Utility and Grocery Bills Each Month If You Pay Your Kid’s Daycare Bills or College Tuition Links https://www.thepennyhoarder.com/smart-money/life-insurance-death-benefits/ Original post by Carson Kohler ( @CarsonKohler or LinkedIn )

Summary The Reading of the Will Oral Wills You Can Steal Inheritances You Have to Pay Taxes if You Inherit Anything Inheritances Can Come With a Catch Links https://anthonyspark.com/5-legal-myths-about-wills-you-got-from-the-movies/

Summary 3 times snowbirds should rent It's your first year flying south You're nervous about market volatility You're concerned about upkeep costs 3 times snowbirds should buy You're ready to call someplace home You're thinking about your legacy You're able to qualify Snowbird home-buying advice Get pre-approved before you go Find the right real estate agent Check if you can rent it out when you'r...

Summary I was first in line I took my sweet time I house-hunt in the fall and winter I delivered my offer in person I followed up with a stubborn seller until he caved Links https://www.realtor.com/advice/buy/secrets-real-estate-agents-use-when-they-buy-their-own-homes/ Original post by Cathie Ericson ( @CathieEricson or LinkedIn ) My book “How to Buy Your Perfect First Home” available on Amazon

Summary You moved to another state The objects of your affection change Your assets or liabilities change Your qualified retirement plan is outdated. Executors or trustees become inappropriate Links https://www.forbes.com/sites/bobcarlson/2018/12/02/7-reasons-its-time-to-update-your-estate-plan Original post by Bob Carlson My book “How to Buy Your Perfect First Home” available on Amazon

Summary For each option, think about these taxes Parents’ capital gains tax How capital gains works $250k exemption Free step-up in basis Child’s capital gains tax Child’s income tax (deductibility of housing costs) Parents’ gift tax and  estate tax Stay put Outright gift Sale for a bargain price Full-price sale with seller financing What if you want to live in your home? Options Links https://www...

Summary Why are the sellers moving? How long has the home been on the market? What school district are we in? Are there any offers on the table? May I have a Seller’s Property Disclosure? Links https://freshome.com/open-house-questions/ Original post by Tara Mastroeni ( @TaraMastroeni or LinkedIn ) My book “How to Buy Your Perfect First Home” available on Amazon

Summary Name the right executor Include personal property Don't tie up the money for too long Explain any unequal bequests Links https://www.dallasnews.com/business/personal-finance/2018/09/25/4-tips-writing-will-heirs-wont-fight Original post by Liz Weston ( @lizweston or LinkedIn ) from @NerdWallet

Summary Escalate your offer Write a letter to the seller Get a quick inspection Links http://www.housingbuzzblog.com/index.php/2018/09/20/3-ways-make-compelling-offer-new-home/ My book “How to Buy Your Perfect First Home” available on Amazon

Summary Adjust the criteria Pick up the pace Slow things down Call it quits Stay the course Links https://www.nationalmortgagenews.com/slideshow/5-ways-homebuyers-will-react-to-average-mortgage-rates-hitting-5 Original post by Elina Tarkazikis ( @ElinaTark , on LinkedIn ) My book “How to Buy Your Perfect First Home” available on Amazon

Summary How are we going to organize and simplify my assets? What sorts of accounts and trusts will we use and how will they be managed? How will you work with my trusted contact, while I’m well, and after I’m sick or deceased? (And for those unsure, how can I pick the right trusted contact, such as a family member or professional?) How do you determine cognitive decline in an individual? And what...

Summary Save for a down payment Shore up student loan debt Check your credit score Purchase a starter home Plan for unexpected home expenses Links https://www.realtor.com/advice/buy/how-to-buy-a-house-in-your-20s/ Original post by Daniel Bortz ( @DanielBortz , on LinkedIn ) My book “How to Buy Your Perfect First Home” available on Amazon

Summary William Shakespeare Leona Helmsley Charles Dickens Harry Houdini Napoleon Bonaparte Gene Roddenberry Phillip Seymour Hoffman John B. Kelly Eleanor E. Ritchey Fred Baur William Randolph Hearst Dusty Springfield Tupac Shakur Mickey Rooney Jeremy Bentham George Bernard Shaw Ed Headrick Mark Gruenwald Benjamin Franklin Links http://moneyversed.com/celebrities-strange-wills/

Summary Bedroom placement Sidewalks An open floor plan Easy sightlines to the backyard A flat lot Hot spots Amenities within walking distance The neighbors Links https://www.realtor.com/advice/buy/kid-friendly-features-most-home-buyers-overlook/ Original post by Cathie Ericson ( @CathieEricson , on LinkedIn ) “ How to Buy Your Perfect First Home ” on Amazon (https://amzn.to/2Szksrf)

Summary A will can oversee the distribution of all my assets Once I have my assets in order, I'm set I can get around to drawing up a will better when I'm older If I make an estate plan, I won't be able to change it It's too complicated to set up Estate planning is most important for the superrich Links https://money.usnews.com/money/retirement/baby-boomers/articles/2018-07-05/6-common-myths-about...

Summary On today’s episode I am joined by Tracey Minutolo. We will be talking about how she coaches and helps others in addition to her knowledge and advice around starting a side hustle and succeeding in her business. Tracey is about 4 ½ years in her side hustle journey. Right now she works primarily with individuals who work a 9 -5 and want to start something on the side. The people she tends to...

Summary You broke something in a seller's home, Part 1 You broke something in a seller's home, Part 2 You were late ... for the umpteenth time You ripped up the carpets to see what was underneath You brought your dog, and it went bananas You lowballed, badly You cheaped out on the earnest money deposit You pulled a 180 during negotiations You asked way too many questions You procrastinated on maki...

Summary Review the will Handle the care of any dependents or pets Find important documents Check on funeral and burial arrangements or cremation Pay expenses, debts and notify creditors Links https://blog.bevisfh.com/2018/07/5-things-you-need-to-do-as-an-executor-of-an-estate

Summary In this episode, Anthony welcomes Jason Lee, a financial planner extraordinaire who helps people in retirement and other financial plannings. Jason joins Anthony today to explain what retirement plans are and their benefits to you — including the 401K, the IRA, and the Roth IRA. Listen as they talk about every bit of information you need to know about your retirement plan, how you can maxi...

Summary Finding a Home Before Getting Pre-Approved Do Not Use All Your Money on Down Payment Buying a Home is SO MUCH MORE Than the Monthly Payment Do Not Add New Debt After Getting Pre-Approved Do Not Try to Save Pennies by Doing Everything Yourself Links https://www.realestatemortgageblog.com/home-buyers/mistakes-first-time-home-buyers-make/

Summary Update your health care docs Change your power of attorney Check if some things can’t be changed Update your will Leave something to soon to be ex-spouse? Review pre-nup Amend your trust Revisit everything once divorce is final   Links https://www.forbes.com/sites/christinefletcher/2018/06/19/8-estate-planning-moves-if-you-are-getting-divorced/#624853db6419   Subscribe or Follow   Sign up...