A life insurance policy is not an adequate substitution for a Will. Your insurance policy only determines what happens to the payout of the policy when you die, and it does not cover other probate … [Read more...] about A Life Insurance Policy is Not a Will
You can create a will at any time, as long as you are at least 18 and mentally capable of creating one. You may be younger than 18 in very limited circumstances. If you comply with the Ohio laws … [Read more...] about The Duration of a Validly Created Will
When you are planning your estate, you should probably set aside austerity measures. Of course you do not want to spend money indiscriminately. But at the same time, this is an important matter. You … [Read more...] about What Is the Cost of Probate?
When you are a child, you probably asked your parents a lot of questions. You may have become impatient when you heard this this answer: "It all depends." However, this may often be the answer to many … [Read more...] about What Happens If I’m Single When I Die?
A reverse mortgage is exactly what it sounds like: a mortgage that pays you. You don't pay the lender to build equity. The lender pays you, and in essence purchases some of your equity. You must be … [Read more...] about Should You Consider a Reverse Mortgage?
The baby boomer generation is reaching the typical retirement age at the present time, with about 10,000 people applying for Social Security every day. The Social Security Administration expects this … [Read more...] about Some Baby Boomers Facing Rude Awakening
Have you heard that the government wants to take over your IRA and 401k and convert them into accounts managed by the Social Security Administration? Have people you know been insisting that the Obama … [Read more...] about Relax. The Government Doesn’t Want to Take Over Your IRA or 401K…but some changes could be on the way
The local news from time to time reports cases of elderly people who have been the victims of financial abuse and lost their life savings. The signs of abuse are often there but no one is looking or … [Read more...] about Financial Predators – Protecting an Elderly Parent From Gold Diggers