Melissa's Blog Content

July 2023 REAL ESTATE NEWS
Brought to you by Melissa Gootee .

This months video is about a HECM loan - I'm sharing this information to all of you because you or someone you may know may want more information on this. My #1 job as a realtor is to protect my clients and their families. This does not just mean at the time of purchase or when you sell. I'm here to always serve you and protect your assets. Love to get together and share this information with...

June 2023 REAL ESTATE NEWSBrought to you by Melissa Gootee . PROTECTING YOUR FUTURE - This months video is about protecting your home, your assets. Learn more through my quick video and my 5 blog series I have made about why you need some sort of trust to protect your home.CLICK HERE TO GET TO ALL OF MY BLOGSWhat Not to Do When Selling Your Home There are many moving parts that you'll need to manage when selling your home. While it's essential that...

Why Is Melissa "My Realtor" Talking About Wills & Probate     "Beyond Wills: Melissa Gootee Explains Why Asset Protection Requires More"  

 

The legal procedure for managing a decedent's estate is called probate. The goal of probate is to distribute the deceased's remaining assets in accordance with the terms of their will or the state's intestacy statutes after paying off their debts and taxes and transferring their assets to their legitimate heirs and beneficiaries.

Here are some common...

Why you should have a living will and health directive        

A living will and health directive are important legal documents that allow you to make decisions "YOUR CHOICES" about your medical care and end-of-life treatment if you become unable to communicate or make decisions for yourself. Here are some reasons why you should have these documents in place:

To make sure your requests are carried out: You can designate what medical treatments you desire or don't want if you become in...

WHY Does Melissa Want Me To Have A TODD For My Real Esate Asset?   What is a TODD used for in real estate?      

To transfer ownership of real estate to a named beneficiary following the death of the property owner, a "TODD" (Transfer on Death Deed) is a legal instrument that is used in real estate.

A TODD allows the property owner to specify who will inherit their property after their death without the need for probate court proceedings. The beneficiary named in the TODD will automatic...

What Is The Differece Between A Living Trust VS a TODD?

     

Estate planning options like a living trust and a TODD (Transfer on Death Deed) can make it easier for your assets to be distributed when you pass away. However, they are different in how they operate.

A living trust is a legal document that allows you to transfer ownership of your assets to a trust while you are still alive. The trust then manages those assets for your benefit during your lifetime and allows for their efficien...

6 Different Ways You Can Stop PROBATE!   The legal procedure known as probate upholds a decedent's will and distributes their property in accordance with the terms of the will. There are a few actions you can take to avoid probate:   Create a living trust: Establishing a living trust is one approach to avoid probate. This entails giving the trust, which will be administered by a trustee you choose, ownership of your assets. The assets will be divided in accordance with the conditions of...