One of the main goals in estate planning is to provide for a clear and efficient way to distribute assets upon your death. This process can become much more frustrating for your family if they are unable to access your online account information with your banks, stock brokers, etc. Thus, it is a good idea … More Estate Planning Tip: Write Down those Usernames and Passwords.
Most of the time when you read about celebrities and their estate plans it is to point out something they may have done wrong, but today I am pleased to report that based on preliminary reports from TMZ, Robin Williams may have made the right moves in his estate planning by establishing a revocable trust … More Robin Williams’s Estate Plan: He got it right.
Reverse mortgages give seniors some options to access the equity in their homes, if it is a co-0p that they own with equity, they shouldn’t count on the availability of this option. This NY Times article explains the reason HUD is reluctant to expand this program to co-ops. A long-awaited regulatory change that would open … More HUD Reverse Mortgages for Co-ops Unlikely
Purchasers and sellers may face difficult decisions when something unexpected happens to the property between the time that the agreement of purchase and sale is signed and the transaction closes. Events such as a fire, water damage, or the discovery of environmental contamination on or under the property can have costly consequences and it is … More What if the home is damaged by fire or a flood prior to closing?