An often overlooked aspect of estate planning is how siblings should behave towards each other after their parents’ deaths. If a trust is part of your estate planning, choose your trustee carefully making sure they understand the role and its responsibilities especially if you designate one of your children. One way to ensure peace among…
DetailsIn addition to having a will, many people are now setting up trusts as part of their estate planning. A common type of trust is the revocable trust which can be changed during a person’s lifetime. Revocable trusts are considered the “workhorse of modern estate planning.” To find out other reasons a trust should be…
DetailsElderly client’s wife was in hospital due to failure to thrive and was being discharged to rehabilitation. Concerned that his limited finances would be depleted when he would have to private pay for his wife’s care in a nursing home, he sought our firm’s assistance. By working diligently with him to structure his assets, we…
DetailsThe Department of Housing and Urban Development (HUD) has announced changes to the federal reverse mortgage program. Citing the need to put the program on better financial footing, HUD will raise reverse mortgage fees for some borrowers and lower the amount homeowners can borrow. A reverse mortgage allows a homeowner who is at least 62…
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