A ThinkGlink reader had property in escrow when he got married and closed on the property after the wedding. Now he is divorcing his wife and is wondering if this property is part of their joint property. Ilyce and Sam explain how property is divided during a divorce.

A ThinkGlink reader has bought her mother’s home for $1. Now she is wondering what her tax burden will be if she sells the home. Ilyce and Sam explain how taxes are calculated on homes that are purchased versus gifted.

ThinkGlink reader has bought her mother’s home for $1. Now she is wondering what her tax burden will be if she sells the home. Ilyce and Sam explain how taxes are calculated on homes that are purchased versus gifted.

A ThinkGlink reader sold a rental property and bought a new home. She now is looking at an enormous tax bill and thinks her real estate agent should have warned her. Ilyce explains that agents help buy and sell homes, they are not tax advisors.

A ThinkGlink reader is thinking of buying a home with her boyfriend but he is still married to another women. Ilyce explains why this women needs to keep all her finances separate until the boyfriend is divorced.

Ilyce provides readers with a quick list of key issues to understand before signing with a real estate agent.

A ThinkGlink reader inherited a home along with her brother. After her brother passed away, she is wondering if she now owns the home with her nephews. Ilyce explains how to determine the status of the home.

A ThinkGlink reader has decided to buy a home that is for sale by owner (FSOB). Ilyce explains why not to burn any bridges with the real estate agent.

By Liz Morris

Washington Mutual announced yesterday a trial of “contactless” credit cards that will allow its cardholders to pay for purchases without swiping their cards. The cards will work with both MasterCard’s PayPass and Visa’s payWave technology, both of which allow for quick credit card transaction by tapping or waving the cards at specially-equipped readers.

In addition to speed, the contactless cards are meant to encourage credit card use for smaller purchases. To that end, merchants who accept contactless payments do not request signatures for most purchases under $25. Contactless credit cards still contain the magnetic stripe that allows for traditional card swiping.

Washington Mutual did not offer information on what form the testing would take or how/if/when a decision on a full rollout of contactless cards would occur.

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