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A reverse mortgage can be a helpful tool for older homeowners who are house rich and cash poor. But problems can arise if debt piles up, leaving too little equity for late-in-life expenses.
Wills and inheritances can be messy, especially when a family member is left out and others try to share their windfall. What is allowed depends on the wording of the will.
When estate planning, finding successor trustees who are trustworthy and dependable is crucial. They don’t have to be relatives: Friends or professionals may be good choices.
After a divorce, a couple reconciles but doesn’t remarry. Should they retie the knot to maximize Social Security payments?
In a disaster, documents to establish your identity and what you own are critical. Focus on safeguarding the most important records, and recreate the rest if necessary.
After a younger brother is left out of an aunt’s will, his siblings want to share the money they inherited, but wonder if there are tax implications.
When an elderly, cash-strapped couple considers a proposal to sell their house to neighbors, several big questions loom.
When a homeowner loses receipts from years of house improvements, how can they document the renovations for the capital gains tax calculation?
Health savings accounts offer a rare triple federal tax break. Contributions are pre-tax, the money grows tax deferred and qualifying medical expenses can be paid with tax-free withdrawals.
When someone is out of work but has plenty of savings, they may be eligible to apply for public assistance programs. But is it ethical to do so?
