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age can throw things out of kilter in a good way, and you want to provide for this new person in your life

This money can be a lump sum, monthly payments, or a line of credit. If you live a long time, there won’t be any value left, and the home will go to the bank. That’s negotiable, but you also pay all the fees you would with a traditional mortgage, like appraisal fees and title insurance. There’s also a mortgage insurance premium upfront and every year thereafter, not to mention fees to servicers

Your friend or loved one may see you as the person in his or her life who’s most qualified to handle

Nobody likes to think about their own mortality, and it is hard to feel motivated to put plans in place Whom You Are Planning For An estate plan is more than just a list of your assets and how you would like

Both sisters lived a modest life. If Mary had lived in Missouri, mostly likely the distribution would have gone to fewer family members

A Met Life report called financial scams against the elderly “the crime of the 21st century.”

“5 Estate Planning Tips LGBT Families Need to Follow in 2016,” has a handful of tips for starting a life Also, note that while a living will lets you state the kinds of health care you wish to have, a power The state where you live may have its own estate tax at a low threshold. A few documents to consider are a Domestic Partnership Agreement, a Living Will and a Living Trust.

Both sisters lived a modest life. If Mary had lived in Missouri, mostly likely the distribution would have gone to fewer family members

Few people are comfortable dealing with questions like “what happens to my assets and my family when A plan also covers issues like who will raise your minor children if you die or become incapacitated, Texas does not have either one, but other states’ inheritance taxes may apply if you live in Texas and Texas also does not have a transfer tax, but an estate planning attorney can help explain things like

consider the following: Current healthcare expenses Details and coverage of each plan Plan providers Insurance

Who is most likely to commit elder financial abuse?

The article, entitled “Draft Brett Favre to Talk About End-of-Life Plans,” says that recent research financial power of attorney (or a durable power of attorney), and an advanced health care directive (or a living Reference: Money (November 25, 2015) “Draft Brett Favre to Talk About End-of-Life Plans” #AdvancedHealthCareDirective