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Don’t wait until your deathbed to plan your estate #biggerpockets #personalfinance #estateplanning
Summary
Creating an estate plan typically takes longer than a week or two, especially for more advanced planning involving trusts, which can take a couple of months. Some situations require an immediate plan due to unforeseen circumstances; however, it is not something that can be completed in a short period.
More from Regulations & Compliance
Carson City, Nevada, is refining its short-term rental regulations. City supervisors are currently reviewing and modifying the local ordinance during a retreat. This review aims to address operational aspects, potentially impacting local hosts through new or revised rules, emphasizing compliance.
A 21-unit vacation rental in Dunedin, Florida, has been approved, signaling potential growth in the local short-term rental market. This approval could lead to increased accommodation options for tourists visiting the area. This news could also influence local regulations.
St. Louis aldermen have approved a short-term rental fee, though a legal battle over existing rules continues. This indicates a focus on regulating the STR market within the city. Hosts in St. Louis should be aware of these new fees, which may impact their profitability. Find out how this affects your STR business.
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