My mother recently died, leaving a house to my three siblings and me. We had the house appraised in February. My sister is buying the rest of us out. We decided to give our sister a break and sold her the house below the appraised amount.
A special needs trust allows the beneficiary–your family member–to receive government benefits, while still receiving funds from the trust.
The first thing to realize is that as soon as you marry, your spouse is granted certain inheritance rights under law. However, these rights of inheritance can be waived or modified by using an anti-nuptial agreement, or as its more commonly known, a pre-nuptial agreement.
Talks about money and long-term care wishes can be tough enough. However, when a loved one is suffering from memory loss, advocates say there is no time to waste.
Black Americans are 50% less likely to have a living will in place, in comparison to other groups.
Probate is not always an efficient process. However, it is the way to properly dispose of an individual’s property after they have died. It gives the necessary stamp of approval that the will is legitimate, and the executor has been confirmed.
While it is an honor to be selected as an executor, executing a will takes more work than you might think.
Many aging Americans depend on family members or friends to help manage their financial, health, and other affairs during retirement and beyond. They often believe
I received a joint ownership of my father’s house about 10 years ago with my sister. She always lived there. I share no expenses and she and my dad pay all the bills. We plan to sell the home after our father passes. Can I give her my half, so we don’t face taxes?
Almost three years after San Diego developer and philanthropist Conrad Prebys died, a court fight continues over control of his $1 billion estate.