I am one of three daughters who will inherit our home when our parents pass away. They have a mortgage on the home and some credit card debt. Would it be wise for us to purchase their home before their death, so their mortgage debt is paid off?
A second marriage can be a balm for the heartache of losing a spouse, be it through death or divorce. Nevertheless, if there are children or other heirs involved, you should consider carefully what will happen with your money and possessions when you pass on.
Veterans Affairs officials are overhauling their application process for caregiver benefits, while simultaneously fighting a court ruling that would force them to allow a legal review for individuals rejected for the program.
Nearly half of working-age Americans assume that they will receive an inheritance that will support them later in life, according to a survey by the financial services company HSBC.
As family caregivers, we play many roles: scheduler, money manager, house cleaner, health aide, nurse, navigator, nurturer and more. Perhaps the most important role, though, is advocate, as we ensure the best life possible for our loved ones when they are vulnerable.
When you are visiting family members, you have an opportunity to evaluate how they’re doing in terms of health, safety and quality of life. Any of these five red flags may indicate that your loved one needs more support.
Taking care of an aging or ill family member can be enormously rewarding but also exhausting and emotionally draining.
A tiny home in retirement could be a more-affordable way to downsize and still be close to family.
Every family has one–or maybe more–black sheep. They’re people who march to their own drum and handing them an inheritance could be problematic.
Even those with thorough estate plans might have neglected to discuss details with potential heirs.
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