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You may have heard of using a reverse mortgage to tap into home equity and using that money to stay in To qualify, you have to be 62 or older, and the home you’re buying must be your principal residence. The advantage to a reverse mortgage is you don’t have to make payments. You can’t buy a home with a reverse mortgage unless you have enough money to make a sizable down payment using a reverse mortgage because people make bad decisions when they get all the money at once and then have

If the appellate court rules that Tomi Rae is indeed the legal wife of James Brown, then they’d have stands now, the four adult children named in the settlement would keep the property Brown wanted them to have

Many families have one or two children who will oversee the distribution and settling of an estate. Some folks even have a dress rehearsal with those involved to rehearse the various steps necessary to

In the past, the only way single people could avoid having their home avoid probate—without adding someone They must have it notarized and record it with their county within 60 days but can change their mind Reference: The San Francisco Chronicle (November 9, 2015) “Californians have a new way to keep homes

individual is free to decline or renounce an appointment after the testator’s death, so a decision doesn’t have

Bieber also has made some decisions about his final resting place: the singer wants to have a solar-powered

You can draft your trust so that a sale of the house can be “forced” if, for instance, a majority of

Smart Medicaid management can prevent families from having to spend all of the assets in order to keep All of this may seem like a painful conversation to have over a holiday meal, but do it now while you

State News article “NY Power of Attorney Form ‘Full of Traps for the Unwary’” explains that some people have

Trusts would instead have to take out all IRA money within the first five years, which would accelerate

Its creation is usually a taxable gift that requires a gift tax return, which can have implications for Make sure you have detailed information from the trustee before making plans to sell those inherited

The largest amount of the estate will be headed to Mary’s relatives in Bulgaria. If Mary had lived in Missouri, mostly likely the distribution would have gone to fewer family members