Sometimes life just doesn’t go the way we thought—or hoped—it would. If you’ve ever been in this situation, you know how stressful it can be, especially if you’re not sure where to turn for support. With this in mind, we made a decision last year to broaden PWB’s expertise and services to better support our clients in the midst of life’s storms. We are pleased to announce we’ve recently achieved this goal by welcoming Jeff Johnston and Susan … [Read more...]
Expertise for the Everyday and the Exceptional:
The Pros and Cons of Revocable Living Trusts
An increased interest in estate planning has contributed to a rise in popularity of revocable living trusts. Perhaps you’ve heard of them but you’re fuzzy on the details. Here are the basics. You create a revocable living trust while you’re alive and you can cancel it at any time. Generally, you are both the trustee and the beneficiary, so you keep control of the trust’s assets. … [Read more...]
Is Paying Down Your Mortgage Early a Good Idea?
Paying down your home mortgage balance faster than the loan contract requires can be a more powerful concept than you might think. Not only can it provide peace of mind, it can help you build a significant retirement nest egg so you can enjoy your golden years — and live in a debt-free home. … [Read more...]
Real Estate Investors: Let’s Talk about Like-Kind Exchanges
Are you thinking about divesting a real estate investment and then replacing it with another property? If you sell appreciated property outright, you'll incur a taxable gain, which lowers the amount available to spend on the replacement property. But you may be able to defer your tax bill (or even make it disappear) with a Section 1031 like-kind exchange. … [Read more...]
Consider Taxes before Converting Your Home to a Rental Property
Have you ever thought about becoming a landlord? This option may be tempting if your local real estate market is surging and rental rates are strong, especially if you're already planning to relocate or downsize to a smaller home. … [Read more...]
