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Baby boomers are heading toward retirement, and some are already there, as the oldest members of the McClanahan), Rose (Betty White), Sophia (Estelle Getty), and Dorothy (Bea Arthur) shared Blanche’s Miami home Blanche sought some roommates to help offset expenses and ended up with Rose and Dorothy—and Dorothy’ Their late-life dating made for a lot of laughs and some tears.

Mistakes Are Easier and More Costly to Make Than You Think When it comes to your Will, the outcome could Some individuals may prefer a living Will in order to avoid probate (the need to establish the validity Alternatively, some individuals are so afraid of the process, do not know where to start, or what they And some situations are just plain inappropriate to choose the DIY method of estate planning.

In the past, the only way single people could avoid having their home avoid probate—without adding someone Starting in 2016, homeowners who want to use the new option will simply sign an instrument called a Simple Reference: The San Francisco Chronicle (November 9, 2015) “Californians have a new way to keep homes

might be more attractive when rates are higher—creating a trust to pass a primary residence or vacation home The grantor still has the right to live in the home for a set period.

They’ve never heard of spousal elective shares or homestead rights, and have not thought of the effect For example, in some states, the rights that a spouse automatically gains upon marriage may include: But if you plan on getting remarried, or already have, here are some of the things to keep in mind: Consult Folks getting remarried should think about getting a prenuptial agreement, especially if they have a home Where you live matters: in some states, the surviving spouse gets a minimum dollar amount or minimum

Where Does Community Property Come From?

However, in Washington, their proposals haven’t found overwhelming support, as some feel the new legislation also require guardians to notify close relatives and others if the incapacitated person moves to a new home

Estate planning can be stressful and at times emotional process, but when it comes to trusts, an experienced

In some instances, a father may feel he’s being fair by leaving a child out of his will. Perhaps he paid for the education of that older child or even put a down payment on the first home of Another scenario might be that the father provided for the child from his first marriage in some other

Especially when it comes to probate in Harris County.

Set aside specific, separate savings accounts for some of your goals to ensure that you won’t raid savings and birth certificates, passports, online passwords and account numbers and a video recording of your home Set aside some time each week to work on your financial to-do list so it’s not so overwhelming.

Of course, these figures depend on home values, but many retirees are unaware of the costs they’ll incur