Some people think that an asset search is done to find money that someone forgot they had in a bank account. Others, on the other hand, may have been told to do an asset search for some other reason.
Why might someone want to do a search...
At social events, people always ask me, "How do I hide my wealth?" Who are you trying to keep your money and property from? Is there a legal way to hide your money or property?
If a very interested person does a search of your assets and...
At social events, people always ask me about the new Medicare rules for nursing homes. Seniors worry a lot about having to spend down their assets and not being able to keep a certain amount. This never-ending drain on their money worries the...
It's a very bad idea to get a mortgage loan that lets you pay off your debts and then spend more than you should, which will put you in more debt. Some people might benefit from this type of mortgage, but more often than not, it will make people...
At least one of the financial providers in a family should be covered by life insurance. A policy should always be in place in case one of the main breadwinners dies. This way, if the breadwinner dies and the family has no other source of income,...
After both spouses die, the death benefit from a second-to-die life insurance policy is usually meant to go to the children, a charity, or to pay taxes.
In the U.S., there is a "marriage deduction" that lets you leave your spouse an...
If you and your partner are getting a divorce, you have to do a lot of planning. You will need to choose your own beneficiaries, set up your own estate, and organise how your assets are split up.
You should talk to a good lawyer about the...
In a culture like ours, which is heavily influenced by British common law, wills and trusts have an interesting history. Wills' bequests have been the main focus of a lot of mystery fiction, where secretive and worried relatives wait around a...
If you are smart enough to try to put some of your assets into a trust (inter vivos) while you are still alive, you have been paying attention to the important differences between wills and trusts. A trust that you set up during your life is much...