Provided by Bob Howe

Provided by
Bob Howe

Residential First Mortgage
4685 MacArthur Court, Suite 300
Newport Beach, CA 92660

Phone: 949-852-0400 x219
Toll Free: 800-633-3411
bhowe@orangecountylender.com

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U.S. Treasury Bonds

Maturity

Yield

Last
Week

Last
Month

5 Year	4.21	4.18	3.93
10 Year	4.35	4.32	4.13
30 Year	4.56	4.56	4.42

Treasury Market Summary:
Trade Bounces Back From Jobs Slap: The market took a big hit on the much-better-than-expected jobs report, while tough taking members of the policy-posse continue to get inflation related headlines. The treasuries were slammed early, but recovered as technical issues came into play as well as the looming long weekend and ongoing geopolitical issues. Dallas' Fisher was tossing tape-bombs again this morning, although he did not say much new except harping on other countries not being as good little consumers as the US, but his colorful rhetoric is somewhat blurred by his newbie status. The 2- and 5-years got whacked around pretty good, carving out 8.3 basis point ranges against a 6.7 bp run on the 10-years. Nonfarm payrolls fell and revisions were to the upside. Wholesale inventories were up but at a smaller rate than the boost to sales as the inventory to sales ratio reported a low not seen Apr 2004. The dollar benefited from the payroll number spiking against the majors and holding out just below key technical levels. Dallas' Fed pres was in Waco talking strongly about trade and the global imbalances that are prevalent in today's economies. Crude oil is higher on fears of attacks to NY subways as is spot gold which entered territory that is just shy of multi-decade records.

Economic Indicators for this week that could impact the mortgage or real estate markets include...

Export Prices ex-ag.	Oct 13
Import Prices ex-oil	Oct 13
Initial Claims	Oct 13
Trade Balance	Oct 13
Treasury Budget	Oct 13

Wills, Estates and Trusts

This week, we'll take a look at the good reasons to consider the Living Trust.

Perhaps the most significant advantage of a Living Trust is that it can be designed to manage your assets for you in the event you become disabled or incapacitated. While other estate planning tools, such as the durable power of attorney, can be used to provide wealth management in the event of a disability, none is more flexible than the Living Trust. When used to provide money management in the event of a disability, the trust is created today, but your assets are not transferred to the trust unless and until you become disabled.

In this same vein, the Living Trust can be used by those who need current management of their wealth even though they are in perfect health. This would include persons who have no experience handling money and those who simply lack the time to manage it. For example, a widow who has just received a significant inheritance could create a Living Trust and name a bank or a trusted advisor as the trustee. The trustee would then invest the assets for the widow's benefit and generally handle all of her financial affairs. One important aspect of such an arrangement is that the trustee is governed by certain well-settled legal principles which require the trustee to exercise a high degree of care in managing the widow's funds.

Another reason to consider the Living Trust is if you own real estate in different states. For example, if a Pennsylvania resident also owns real estate in Florida, then upon his death it will be necessary to conduct estate settlement proceedings in both states. If, however, the Florida real estate is transferred to a Living Trust, the estate administration in Florida can be avoided.

Living Trusts are also suggested if a Will contest appears likely. While this is not often a major issue, if there are reasons to expect a challenge by disgruntled heirs, then you should consider the Living Trust as a substitute for your Will. It is difficult to successfully challenge either document, however, the trust does provide a stiffer barrier.

Like all other estate planning strategies, the Living Trust merits consideration. However, the Living Trust is not the magic remedy that its promoters would have you believe. Determining whether its the right choice in a given case requires you to balance its advantages and disadvantages in light of the other choices which may also help you achieve your goals.

One should consult with a qualified estate professional prior to implementing any estate strategies.

If you are a tax, insurance, financial or insurance planning professional receiving this newsletter, please call our office and introduce yourself to us. We are always seeking to grow our referral network and expose more service professionals to our client base.

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Bob is a full service mortgage professional at Residential First Mortgage. The company is approved with numerous lending sources throughout the state. He provides conventional, non conforming, jumbo, FHA and VA loans. He assists customers with great credit, bad credit and no credit. Bob can also assist individuals who are self-employed and require both full documentation and no documentation loans. He can assist individuals and professionals with their financing needs whether buying, selling or refinancing real estate. If he can be of assistance or to be added or removed from his distribution list, contact him at the telephone numbers provided or email him directly. Your request will be immediately honored.

Contact Information: Direct: (949) 852-0400 ext. 219 | Fax: (949) 440-6849

Click here to e-mail Bob Howe: bhowe@OrangeCountyLender.com