Category Archives: Inheritance
Reverse Mortgages May Lead To Problems For Heirs
While reverse mortgages may seem like a panacea for people in their golden years, caution should be exercised to ensure that not only is something of the estate preserved for heirs but also that debt isn’t passed along, too. Reverse Mortgage (Photo credit: aag_photos) A recent story in The New York Times referred to… Read More »
Lessons Are There For The Learning In Actor’s Death
The tragic death of talented actor Philip Seymour Hoffman from an apparent drug overdose offers some important lessons for people least likely to learn them. Philip Seymour Hoffman (Photo credit: Wikipedia) “One key lesson is the need to make an estate plan when one is going through a personal crisis or a downward spiral,”… Read More »
Changing will provisions at the end can be problematic
John Grisham’s latest bestselling novel revolves around a wealthy man crafting a handwritten will that completely cuts out his family and leaves the fortune to his housekeeper. (Photo credit: Ken_Mayer) The reason the man did this just prior to taking his own life, other than that his two adult children are fairly odious people,… Read More »
Unusual will faced on legal hurdles
We give great respect to the words and actions of the dying. People have been convicted of murder based almost entirely on the words spoken by their victims as the end drew near. And recently in Canada they celebrated the 65th anniversary of what’s been called the “most unique will ever written,” one that… Read More »
Decision ‘Will Radically Change Estate Planning’
The U.S. Supreme Court decision relating to same-sex marriages will have far-reaching effects. (Photo credit: Wikipedia) Among other things, according to a recent item in Forbes magazine, the ruling “will radically change estate planning for affluent same-sex married couples.” “That’s true not just for the specific issue that was before the Court, but for… Read More »
Inherited Financial Security A Blessing, If Handled Correctly
Money does not equal happiness. Let that sink in. It can be hard to believe, but it’s true. Sure, it’s easier to be unhappy when poor, but family wealth, if not handled correctly, can also be a source of grief. In recent stories for Forbes magazine, author Thayer Willis, herself the descendant of the… Read More »