Saturday Reporter-Herald June 12, 2010 E1
Real Estate Matters
www.realtyguide.com • Saturday, June 12, 2010 • Reporter-Herald
Use will to leave home to family ILYCE GLINK TRIBUNE MEDIA SERVICES
Q
uestion: I want to sign my house over to my grandson. Will I have to pay capital gains on my profits when I do this? Answer: Why do you want to give your house to your grandson? What financial planning goal are you trying to achieve? Are you trying to avoid probate taxes down the line? Or are you hoping to get rid of all of your assets so if you need to go into a nursing home Medicaid will pick up the tab? Or do you have another place to live and are simply trying to provide a home for your grandson and his family? I've written often about the enormous mistake seniors make by trying to use a quitclaim deed to give their house to a family member before their death. Generally speaking, it's a far better move to simply leave the house to an individual in your will, or set up a trust naming a specific person as the beneficiary. You'll pay less in taxes, and the move won't come back to haunt you. For example, let's say that you and your grandson have a deal that you'll give him the house now but he'll allow you to live there until you die. That sounds great, so you deed over the I See GLINK/Page E5
Inside this week’s Home & Real Estate
Oakwood unveils new models Grand Opening of two new models, prices starting at $154,900 at Thompson River Ranch RH PAID ADVERTORIAL
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akwood Homes is starting the summer off with a bang. With new models, unbelievable savings and more, Thompson River Ranch is a highlight of Northern Colorado communities. It is no surprise this is the fastest growing community in Northern Colorado with over 50 sales this year. It offers so much to the residents along with a great location; positioned at Interstate 25 and U.S. Highway 34, Thompson River Ranch is easily accessible yet still maintains a wide open feel. Stop by today as they open new models and experience the community first-hand. NEW MODELS While being a couple of the best selling plans in Thompson River Ranch already, the grand opening for the Gilpin and Turner models is today along with free pizza for lunch. These very affordable twostory homes feature three bedrooms, a powder bath on the main level and twocar garages over approximately 1,500 square feet — all while starting at $165,700. Fantastic choices for these include basements and extra
Photo special to the RH
Oakwood Homes’ sales associates, Tina Shearon and Mike Welty, stand in front of a home at Thompson River Ranch in Loveland. Two new models, along with a new buyer bundle, will be introduced today at a grand opening event from noon-2 p.m. bedrooms to fit any size family. These quality homes are energy-efficient and ENERGY STAR qualified to meet Oakwood’s high performance guarantee. HOMES STARTING AT $154,900 Surprisingly, these are not the most affordable plans offered by Oakwood Homes in Thompson River Ranch. Around 1,230 square feet is the very popular Emery plan with two bedrooms, two-and-ahalf baths and a two-car garage with a basement. This affordable plan starts at just $154,900 and still maintains the high-quality standard Oakwood Homes
sets for all their homes. For every home that Oakwood offers, there are so many choices ranging from basements to spa baths and so much more that you’ll love the personalization you can put into your new home. NEW INCENTIVES Oakwood Homes announced a ‘Spring Into Summer’ incentive for homes sold until June 15. This lets you add three features into your house for free. These are amazing choices including a spa bath, front-yard landscaping, window coverings, closing costs and more. Buyers may choose which three options to
Realtor of the Week Rick Archibald of Prudential Rocky Mountain Realtors
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Director y Page E5
Thompson River Ranch offers several community amenities including hiking trails, an outdoor amphitheater and a new swimming pool.
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Grand Opening What: Oakwood Homes’ grand opening of two new models, new buyer bundle programs and free pizza When: Today from noon-2 p.m. Where: Thompson River Ranch, located just off I-25, at 5325 Cherrywood Lane, Loveland More info: 970-669-9801 or visit www.homespeoplelove.com
put in their home for free. View the choices and personalize your own home on their website at www.HomesPeopleLove .com. Create your dream home, and take advantage of the buyer bundle while you can. Oakwood knows homes alone don’t make great communities. They have made Thompson River Ranch the best place to live by adding many different amenities to the community. Most recently, a community pool, complete with a bike rack and BBQ, was added for the residents and just opened for the summer weeks ago. Right outside your door you may also find multiuse fields, playgrounds, miles of trails, picnic shelter, disc golf course and even an outdoor amphitheater. For the shoppers out there, The Prom-
Head East Thompson River Ranch
enade Shops at Centerra is only minutes away. There are activities for every lifestyle available at Thompson River Ranch. Stop by today for free pizza from noon-2 p.m. and find out more about Oakwood’s buyer bundle and the affordable homes in Loveland. Contact Mike Welty or Tina Shearon at 970-669-9801 for any questions. To get there: from I-25 take U.S. Highway 34 eastbound, take your first right at Thompson Pkwy. then right at Ronald Reagan Blvd. which takes you to the frontage road. Take a left on the frontage road and you won’t miss the entrance to the community. You can tour Thompson River Ranch this weekend from 10 a.m.-6 p.m. Visit www.Homes PeopleLove.com for additional information.