Did You Inherit A Mortgage? - You are heir to a house — hurray! But wait! There's a mortgage on the property. What are your options? You have three options in this situation, two of which are relatively simple: You can sell it to pay off the mortgage and keep the rest of the money as your …
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How Wills and Trusts Can Control Behavior
How Wills and Trusts Can Control Behavior - You may want to use your estate to influence your heirs in your absence. To a certain extent, this might be possible, but the process is delicate, and it requires well-designed structures. By exerting what is called "dead hand control," people may …
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Out-of-State Properties And Probate
Out-of-State Properties And Probate - Probating a will can turn into a drawn-out process, and unfortunately, you can't always avoid multiple probate processes. When a person dies and leaves property in one state to someone in a different state, it is typically necessary to obtain probate for each …
Give Your Heirs A Fair Shake
Give Your Heirs A Fair Shake - For some simple estates, all you may need to do is split your assets in equal proportions among heirs. In other instances, however, you have more complex issues to confront: How can you apportion a family business, especially one to which all beneficiaries do not …
What Are Short-Term Care Insurance Plans?
What Are Short-Term Care Insurance Plans? - Short-term care plans fill the need for those who want some protection but are too old, too unhealthy or not wealthy enough for long-term care insurance. The downside is that short-term policies only cover care for a year or less, limiting how much they …
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