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Money

November 2015
David
Legal Ease

His Kids, Her Kids – Who Will Inherit What? How to Avoid the Ugly Possibilities

Also, if the surviving spouse dies prior to making the distributions to the children, then those assets will be part of that spouse’s estate and will never be distributed to those children unless that spouse included them as beneficiaries of his or her estate.

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He or she could have a change of heart and change the dispositive provisions so that the deceased spouse’s children get nothing or get less than what was originally intended. This is a common occurrence when the surviving spouse remarries and diverts assets originally earmarked for the children of the deceased spouse to his or her new spouse.

Telleen-Lawton
Financial Fortitude

Up or Downsizing: Finally Buying a Home at Our Age?

What I can offer you are the advantages and disadvantages of home ownership, information about a special deal for first-time homebuyers, and perhaps some insight into how to evaluate these factors.

October 2015
Ambord
Dollar Sense

Medigap Can Be a Great Comfort If It’s Right for You

Medicare covers care within the U.S., but it probably will not cover you if you travel elsewhere. Medigap insurance, on the other hand, will provide emergency care for medical expenses in foreign countries.

Ambord
Dollar Sense

Stuff You Should Know to Stay Safe and Avoid Scams and Scoundrels

If you use an outdoor ATM don’t choose one on a corner of a building, especially if you are alone. A corner makes it easier for a thief to sneak up on you, grab your purse or wallet and quickly escape.

Ambord
Dollar Sense

You Don’t have to Be Dead Broke to Qualify for Medicaid

You may have heard that Medicaid won’t help pay for long-term care unless you have very little in assets. It’s true the assets you can own are limited, but it’s also true that you don’t have to be destitute. You can keep your house, and even have substantial equity in it.

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Some people believe a prenuptial agreement will protect your assets if your spouse needs Medicaid. This only works in the event of death or divorce.

David
Legal Ease

Why a ‘Pour Over’ Will Is a Good Idea

You should always have a last will and testament regardless of whether you have a trust. Having a trust allows you to retitle assets to that trust during lifetime and if you do that, those assets avoid probate at your death.

September 2015
Ambord
Dollar Sense

Do Savings Bonds Make You Yawn?

$16 billion worth of the bonds have matured, which means they no longer earn interest. Yet, the Treasury Department reports that they have not been cashed. Why not? It’s believed that in many cases, the bondholders are deceased, and many of the beneficiaries don’t even know they exist.

Ambord
Dollar Sense

Ghosts Walk Among Us and They Have Credit Cards

They comb obituaries for information such as: home address, birth date and place, mother’s maiden name, the workplace, military service. These details may be enough for a thief to get the deceased individual’s SSN and clean out existing accounts, open other accounts, and possibly apply for veterans’ benefits or other government benefits, all in the name of your loved one. And the thief never even has to crawl out from under his rock to do it.

Ambord
Dollar Sense

No Wonder I’ve Lived This Long – I Can’t Afford to Die

Statistics show that right now, burial is slightly more common than cremation, but in coming years it’s expected that more people will choose cremation. Whichever you choose for your last wishes, if you don’t have several thousand dollars set aside for your funeral and you don’t already have a good life insurance policy in place, what are your options?

Ambord
Dollar Sense

The Worst Places to Hide Money in Your House

Many sources say that a huge user of power is your tabletop cable box. The New York Times says that little cable box uses as much power in a year as your big refrigerator. It’s always on “standby” and if it has a DVR attached or connected, the power use is higher.

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