If you have been named the executor of the estate of a loved one you may be wondering what responsibilities may fall to you should your loved one pass. Here are some of the things to expect if you are appointed the executor of a will. First: Take Your Time There is no hurry in [...]
Having someone that can act for you when you are unable to is the whole reason for drawing up a power of attorney. Are you in danger of having your representative not be allowed to speak on your behalf with some agencies? Banks, investment houses and other agencies may not accept your representative due to [...]
There seems to be a controversy over reverse mortgages and if they are actually a benefit to the elderly. Just like with any product offered, there are upsides and downsides to having a reverse mortgage. If you are having cash flow issues and would like to investigate the advantages that a reverse mortgage can provide, [...]
Having a carefully planned estate can help to ease the pain of your family during a trying time, as well as make sure that your final wishes are carried out in the manner that you wish them to. However, when planning your estate, it is easy to make some common mistakes. Look out for these [...]
Setting up a will to have your or your loved one’s estate distributed to your heirs is the best way to ensure that possessions are left to the people that you or your loved one wants to have them. Just what constitutes an estate, and when will an estate need to be probated in order [...]
Having the proper legal documents drawn up for your parents or other elderly loved ones is more important the older they get. Having these conversations while they are in full possession of their mental faculties makes planning easier, but not the conversation. Nobody likes talking about the inevitable, however there are ways to encourage your [...]
It is more and more common for couples to choose not to be married. Even if couples choose to live together, there are some fundamental differences between the benefits that are afforded to married couples and those who choose not to get married. That is why we'll explain the importance of estate planning for unmarried [...]
When someone we care about passes away, the last thing a family wants is a lawsuit over assets. Unfortunately this can be a very real event, even with a will in place. Here are some tips to avoid estate lawsuits. Treat Relatives Equally When it comes to children and grandchildren, it is often the best [...]