My parents had no will. My Dad kept meaning to have one drafted but he died at the age of 79. Still no will and my Mom wanted no part of one. She simply wrote notes on things she wanted one of her 9 children to have. She wrote my name on the back of...
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To help asset transfers go more smoothly, follow these tips for naming beneficiaries: 1) Fill forms out completely. When listing beneficiaries, include full names, Social Security numbers and relationships to you. If you have multiple beneficiaries...
HOW DO I PROTECT MY CHILDREN'S INHERITANCES? The best way to protect your children's inheritances is by setting up a Revocable Living Trust and having your children receive their inheritance within a sub-trust of your Revocable Trust....
Filing Federal Income Taxes for the Deceased Follow these tips to keep an already stressful time from becoming more stressful by Kimberly Lankford, AARP, February 16, 2021 Alamy Stock Photo When a loved one passes away, someone has to file...
Happy Monday everyone! I'm sure like most people, we are cleaning out closets, donating clothes to Goodwill, throwing out junk, updating things that long ago need to be replaced or outlived their effectiveness, etc. I just have to look out my...
Happy Monday everyone! I'm sure like most people, we are cleaning out closets, donating clothes to Goodwill, throwing out junk, updating things that long ago need to be replaced or outlived their effectiveness, etc. I just have to look out my...
To continue the discussion regarding, What to do when a spouse has died. I found it to be extremely helpful to talk to people who have experienced losing a spouse. They can offer tips for how to get through it or just commiserate about shared...
My spouse has died (cont'd): So, I've learned a lot since his passing last October. The biggest lesson is BE PREPARED! Death is inevitalbe. Knowing that should help with being prepared ahead of time. 1) Make sure you have a WILL so there...
To continue the discussion regarding, What to do when a spouse has died. It becomes very challenging. I called one of my husband's store credit card customer service rep to report his passing and was told "thanks for letting us know of...
What if your debts exceed your estate's assets? State statute will direct who gets paid and how much. An insolvent probate is like a bankruptcy with the unpaid balances being written off by the creditors. On joint accounts, the creditors can...
