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Credit card debt doesn’t just disappear when you die. The debt would become the responsibility of your estate.
Before deciding whether to sell stocks in a difficult market, consider why are you investing in the first place and when will you need this money.
The IRS calls it an ‘involuntary conversion’ when your property is destroyed and you receive insurance proceeds.
Whenever you change your name, you can expect a mound of paperwork.
If you’ve already started Social Security and your spouse is at least 62 years old, they should be able to claim a spousal benefit based on your work record.
A reverse mortgage can be a helpful tool for older homeowners who are house rich and cash poor. But problems can arise if debt piles up, leaving too little equity for late-in-life expenses.
Wills and inheritances can be messy, especially when a family member is left out and others try to share their windfall. What is allowed depends on the wording of the will.
When estate planning, finding successor trustees who are trustworthy and dependable is crucial. They don’t have to be relatives: Friends or professionals may be good choices.
After a divorce, a couple reconciles but doesn’t remarry. Should they retie the knot to maximize Social Security payments?
In a disaster, documents to establish your identity and what you own are critical. Focus on safeguarding the most important records, and recreate the rest if necessary.
