Contesting a will can be an expensive and painful struggle. But suppose the will has already been probated (accepted by the court as valid) and the assets distributed to the beneficiaries? Then a challenge becomes exponentially harder, especially as the assets may have been sold or disposed …
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Let Your Home Equity Fund Your Retirement
Let Your Home Equity Fund Your Retirement - Strapped for cash? You might be able to liquify some of your home equity to cover expenses by using a home equity conversion mortgage, which is essentially a reverse mortgage backed by the Federal Housing Administration. The organization is federally …
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Deciding When To Take Social Security Benefits
Deciding When To Take Social Security Benefits - How does the Social Security system work, and how do you decide what's right for you? Well, receiving benefits is an option available to you as early as age 62, but choosing to receive benefits this early may decrease your benefits by up to 30%. …
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How Are Trusts Taxed?
How Are Trusts Taxed? - A trust can be a powerful estate-planning tool, but contrary to popular belief, trusts do not make all taxes disappear. The families who set them up still need to consider tax consequences. To start with, trust beneficiaries typically need to pay tax on the interest …
Why and How To Refuse an Inheritance
Why and How To Refuse an Inheritance - "Disclaimer" is the legal term for a refusal of an inheritance, and it's defined as an irrevocable and unqualified refusal to accept an interest in property. Let's look at the circumstances in which a disclaimer can be beneficial: To avoid or reduce …
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