Form the Foundation of your Estate Plan
Assets and asset distribution are the foundation of any estate plan. You want to make sure that your financial goals after death are met. You also want to ensure that ...
New Rules Allows Spouses of Reverse Mortgage Holders Keep Their Homes
Senior homeowners who need cash can use their home equity to take out a reverse mortgage. Reverse mortgages can create problems for borrowers' spouses, especially those younger than 62. When ...
How Divorce and Remarriage Affects Social Security Benefits
If you are divorced, you may collect Social Security benefits on your ex-spouse's record provided you meet certain qualifications. You are at least 62 You are unmarried You were married ...
Contesting a Will
If you are unhappy with what was bequeathed to you in your loved one's will, you can contest it. Contesting a will, however, is not a simple matter of vehemently ...
About No-Contest Clauses
To avoid conflicts or bitter feelings that may arise when your will is read after your death, you could include a “no-contest” clause in your will. When a will contains ...
What Heirs Should Know About Reverse Mortgages
Reverse mortgages are a good way for cash-strapped homeowners over 62 to use the equity in their homes to get a loan. The loan does not need to be repaid ...
Ways to Keep Your Life Insurance Policy From Being Taxed After Your Death
Your life insurance policy may be taxed after you die, unless you take steps now to keep that from happening. Policies that name a spouse as the beneficiary are safe ...
Are Your Pets Covered Under Your Estate Plan?
People love their pets. For most people, pets are considered family members. We care for them like they are our children, and we mourn for them when they are no ...
Living Benefit Annuities
There are variable annuities on the market that offer “living benefits”, which are being marketed to seniors. They may sound appealing, but are these types of annuities really worth looking ...
Annuities – An Overview
Annuities are contracts between yourself and an insurance company, to whom you agree to make periodic payments or a lump sum payment. In return, you receive period payments from the ...