Last week, we shared three awesome estate planning blogs that we think you should read. Today, we are following up with an answer to a very commonly asked question: what happens to my estate if I die without a will? We enlisted Peter from Crystal Brook Advisors to help us answer this question.
Coming to terms with our own mortality is hard and is usually not something we want to think about. However, if we want our families to be protected and if we want to protect the assets we’ve created, the earlier we start thinking about estate planning the better.
Over the past month, we’ve gone through and researched a multitude of estate planning websites in search of the best resources. Below are the top three estate planning blogs we think you should follow. These blogs provide up-to-date information on the industry and help consumers better understand this complex process. Although some of the firms serve a specific state, their blog topics and articles include relevant helpful information to anyone thinking about estate planning in the United States.
We recommend that you reach out to your financial and tax advisor prior to making the decision to sell your life insurance. We have designed this chapter as an introduction to understanding the tax treatment and implications of a life settlement – this however does not replace the advice of a tax expert who may be better able to navigate your personal circumstances. Read more
A reverse mortgage is a viable way to really make your house finance your golden years. After all, what’s the benefit of having a home that you’ve paid off if you are still unable to go out during retirement and engage in the activities you truly enjoy? A reverse mortgage can offer that option, allowing the discipline you showed in paying off your home work for you down the road. However, like any financial product, it is important to know everything you can learn about a reverse mortgage to ensure that you receive the benefits of having one without the drawbacks. It is a complex financial product that requires plenty of research and thought. Here are four things that you need to know before you do a reverse mortgage.