Category: estate planning

4 Most Common Problems When Children Inherit the Family Home

September 5, 2021
AdviceBusiness & Economyestate planningFamilyFamily & HomeHOMEhome ownershipLife & Traditionpersonal financereal estate
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Dear Monty: My husband and I are in our 70s. We are thinking about leaving our home to our kids when we are both departed. We are a close family, and they all enjoy coming home with their kids. We have received advice from our friends. Some think it is a beautiful idea, and others…

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Does My Mom Need Long-Term Care Insurance?

August 7, 2021
AdviceBusiness & Economyestate planninginsurancemoneypersonal finance
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Dear Dave, My dad passed away about a year ago, but he left my mom in really good shape financially. They never had any consumer debt, the house is paid for, and they had about $1 million in assets. Dad also left her a $500,000 trust. Mom is going to be 60 next year. She…

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When Showing up Is the Hardest Part

July 13, 2021
estate planningEveryday CheapskateFamily & Homefinancial planningLife & Traditionmoneypersonal finance
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Not that long ago, I underwent that procedure no one my age likes to talk about. Doing all the necessary prep to get ready for the exam was bad enough. Then, I wanted to cut and run when I saw those words on the office door: certified financial planner. But we did it. My husband…

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