How To Be An Executor - If you're named the executor or personal representative in a will, you'll be the final administrator of a deceased person's estate and have many details to manage. The following estate executor checklist can help you more easily navigate the process while making sure none of …
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When to Downsize Your Home
When to Downsize Your Home - Getting older means being free from a lot of obligations. For one thing, once you retire, you never have to worry about commuting again. You probably also will live alone or with only your partner. So if you chose your home because it was big enough for your family, only …
How To Pay For Assisted Living
How To Pay For Assisted Living - When an assisted living community says that its fee is all inclusive, it means that a single monthly fee covers rent, meals and such additional services as housekeeping or transportation. Fee-for-service pricing means that residents pay only for those services that …
Wills vs. Trusts: What’s the Difference?
Wills vs. Trusts: What's the Difference? - A will is a written document expressing your wishes for disposal of your estate and can also name guardians of minor children. It becomes active after your death. A trust is a legal vehicle that holds assets and is managed by a trustee for the benefit of …
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What Is a Life Settlement?
What Is a Life Settlement? - A life settlement is a way to get cash for a life insurance policy you no longer need or can no longer afford. For older adults struggling to pay health care costs or who need long-term care in retirement, or for those who are younger but have terminal illnesses, it can …
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