Dear Liz: Just a quick comment on the woman who contemplated transferring her house to her partner and daughter as joint tenants. One must always consider the property tax impact on such transfers. In Los Angeles, real property that is transferred to a transferor’s significant other who is not the spouse or domestic partner will […]
Recent Blog Posts
Q&A: Does moving to a new state necessitate a new living trust?
Dear Liz: My husband and I have a revocable trust that was drawn up in Florida. We live in California now. We are renting and don’t own a house. Do we still need a trust if we don’t own property and have just one adult child to leave our financial funds to? One tax planner […]
Q&A: The downside of federal student loans
Dear Liz: Are federal student loans turned over to a collection agency still collectible after 20 years? Answer: Yes. Very much so. There is no statute of limitations on federal student loans, which means collectors can come after you until you pay or die, whichever comes first. Statutes of limitations on most other types of […]
Friday’s need-to-know money news
Today’s top story: 5 browser extensions to save you money and time. Also in the news: The pros and cons of store cards, what effect Donald Trump will have on student loans, and the best and worst gift cards to buy this year. 5 Browser Extensions to Save You Money and Time Making your browser […]
Thursday’s need-to-know money news
Today’s top story: For international travel, MasterCard has a slight edge on Visa. Also in the news: How to build a multi-million dollar retirement fund, 10 ways to end 2016 on a financial high note, and 8 ways to keep a leash on your holiday spending. For International Travel, MasterCard Has Slight Edge on Visa […]
Wednesday’s need-to-know money news
Today’s top story: How to make the 10 years before retirement count. Also in the news: Tips on reining in holiday spending, which generation has the best credit score, and which insurance most car renters can say no to. 5 Ways to Make the 10 Years Before Retirement Count Fattening your nest egg. 5 Frugality […]