The death of a loved one can be devastating both emotionally and financially for the family. Those left behind are often depending on the resources left behind, and the situation becomes complicated when there are more debts than assets. Technically, a
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You’ve been named the personal representative overseeing the probate process for a loved one. The tax is not easy and there are numerous steps involved. The probate process can tax a family and create stress for the personal representative, especially
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Financial planning for senior homeowners in the United States was changed forever in 1988 when President Reagan signed the law that launched the Home Equity Conversion Mortgage (HECM) under HUD’s oversight. Commonly called a reverse mortgage, a HECM loan allows
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Inherited Property: How to Sell and Avoid Costly Mistakes If you’ve inherited property from a loved one who is now deceased and you want to sell that property, you need to make sure you’re handling the sale the right way.
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