Category: Elder
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Homeowner Estate Planning: Real Estate Tips
Ready to move estate planning to the front burner? Homeowners, especially, need to have a plan in place. If there is no will, and no other arrangements for the home to pass to a co-owner, it will pass according to the state intestacy provisions. That’s not an estate plan. There’s no better time than the present to…
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Should You Get a Reverse Mortgage? Consider This.
Time to start a new chapter in your life? A reverse mortgage can be an option if your goals include: Getting a degree. Helping someone else through college. Covering major dental or medical expenses. Starting new creative projects or business ideas. Enjoying recreation and travel. Having funds to tide you over until you qualify for…
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The Golden Years, With a Paid-Off Mortgage
We’ve talked about scams, and the risks that can be involved in delegating a power of attorney to another person. Now, let’s uplift the mood. Visualize the day you submit that very last mortgage payment. Congrats! Your debt is satisfied. Your certificate of satisfaction can now be recorded in the county where your home is. If your…
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Fraud, Scams, and Power of Attorney Problems
More than a third of the U.S. population is now in the over-50 set. As the seniority trend continues, expect the rate of financial exploitation to rise accordingly. Be aware. Keep tabs on what elders need to look out for. Here, we review the kinds of financial manipulation happening on a large scale today.
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Should You Remove a Deceased Owner from a Real Estate Title?
When someone who owns real property dies, the property goes into probate or it automatically passes, by operation of law, to surviving co-owners. Often, surviving co-owners do nothing with the title for as long as they own the property. Yet the best practice is to remove the deceased owner’s name from the title. Here, we review some common scenarios, and reasons to…