“Managing family finances is difficult to begin with, but when you add in stepfamilies and half siblings, family planning becomes increasingly complicated,” Jane King and Caroline Hedges write in Financial Planning. This is no limited problem, the authors note:...
Many times, lawyers are asked by clients about financial decisions before they are made, and sometimes we’re told about them after they’ve already occurred. One example of such a decision concerns reverse mortgages. Reverse mortgages are home loans also known as...
Conversations with people you love about money concerns can get awkward and tense pretty fast, writes Tobie Stanger in Consumer Reports, offering the following example: You and your two siblings inherited the lake house where your family spent many cherished summers....
Life insurance has many uses in an estate plan, observes investopedia, listing several of those uses: To provide liquidity in an estate (to pay expenses, provide access to cash for heirs while the estate is being settled) To repay debts To replace income that the...
