When buying a home and getting a mortgage it is a good idea to think about what might happen if you pass away before the mortgage is completely paid. Doing so can spare headaches for your heirs. As the Wall Street Journal points out in "What Happens When a Homeowner Dies Before the Mortgage Is [...]
If you inherit a house, before deciding what to do with it you need to know your options and any legal requirements. People who inherit a house often wonder what they can and should do with it. These are not always easy questions to answer especially for heirs who already have homes of their own. [...]
A Minnesota man with a love for cars left an unusual bequest to his church. Churches are used to receiving gifts from their parishioners as part of those parishioners' estates. Most such gifts come in the form of cash bequests or securities. Sometimes, people will leave their homes to the church so that the church [...]
It is a natural instinct to designate an adult child as your power of attorney should you ever need one. However, you need to be certain that your children are capable of the job. When creating an estate plan be sure to plan for incapacity, in addition to death. Who would you want to handle [...]
Communicating with your children about the inheritance you plan to leave them is an important step in avoiding future battles over your estate. However, having the inheritance talk is not easy. If you want your family to fight over your estate after you pass away, the best way to make that happen is to make [...]