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In addition, inflation can melt away some of your spending power.

However, under some state laws, financial institutions are required to accept a power of attorney unless Some states’ statutes say that the bank isn’t required to accept a power of attorney that is presented

Bieber also has made some decisions about his final resting place: the singer wants to have a solar-powered by Justin’s interest in his own funeral plans, including his mother Pattie Mallette, who expressed some

That is where a good Texas special needs lawyer comes into play. Funding a Special Needs Trust In some cases, the funding of the trust is fairly straightforward. A home may be left to the trust for the child’s needs, or there may be directions to sell the home and those who do not have significant funds to contribute to a special needs trust do have options when it comes

The More Organized You Are, the Better A list is your best tool when it comes to getting yourself organized Expect Everything to Be Equal Most divorces turn out the be fair, but not necessarily equal when it comes Typically, most couples struggle with homes, vehicles, retirement benefits, household items, and valuables have children, judges will typically grant that the parent with primary physical custody stays in the home However, some couples will choose to sell the home and split the proceeds.

If you add your child’s name to the deed of your home, you made him or her joint owner. You could possibly lose your home due to your child’s financial mistakes. As you can see, simply adding a child as an owner of your assets can cause problems you never saw coming

Prenup in a Second Marriage Not only is a divorced person more aware of the financial headache that comes For example, a mother may intend for the home she bought before the marriage to be passed on to her children Wills and trusts come into play when looking at inheritance, so the prenup is more of a starting point than an ending point when it comes to laying out your longest-term plans. You can even have some influence in what happens after your death through the prenup.

another, because aging involves an increasing number of aches and pains, decreasing mobility, and often some cognitive impairment, some seniors are more likely to be taken in by quackery in terms of “treatment loved one from becoming ineligible for government benefits, such as Medicaid, if and when the time comes for full-time nursing care. Some forget to eat balanced meals (or are too tired to buy ingredients or prepare them) and become malnourished

If you think your income will decline in coming years, consider taking advantage of your current ability Downsizing Your Home. In many instances, you can avoid owing capital gains taxes on the sale of your home. If you’ve lived in your home for at least two of the five years prior to its sale, you can exclude from

recent post on cincinnati.com, “Tough task: Dividing assets after a death,” asks this question: when it comes Divorce and remarriage can create families where some of the kids have one but not both parents in common In some cases, it’s not in equal shares. Or do they come on as silent owners, owning but not having control of running the business? When a parent needs home-health-care attention.

Your legacy is important, and thanks to estate plans, your impact can be felt for many years to come. Establishing your estate planning documents will allow you to travel knowing that everything back home The reality is that many people make unwise decisions after coming into large sums of money. From education to real estate to investments, your hopes and dreams for your family can live on for many This is especially true when it comes to estate planning.

age 62 and older to tap into their accumulated home equity without facing monthly payments in return Also known as “Home Equity Conversion Mortgages,” these loans are insured by the government. home equity—as a retirement income source. If you want to leave your home to your heirs by letting them sell your home at your death, a reverse mortgage will leave no equity in your home.