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July 2015 Archives

Trusts and art investments: Protecting heirs with estate planning

An increasing number of wealthy individuals are investing in art as a way to provide for future heirs and build a family legacy. While art can be a valuable investment, knowledge is required to manage art assets appropriately. Coupling art and trusts is one way to prepare estates to protect your heirs and your assets.

What is a reverse mortgage, and how does it impact my estate?

A reverse mortgage is a way to obtain a line of equity through your home. To qualify for a reverse mortgage, you must own your home and meet certain financial considerations. Most reverse mortgages create a line of credit on which you can draw—you can choose to draw up to a maximum set by the lender. Other ways to receive money from your reverse mortgage include monthly payments made over your lifetime or a lump sum.

Hundreds of estates to receive settlement funds

When naming someone as an administrator to your estate or accepting the responsibility on behalf of someone else, it's important to remember that estate administration may not be a simple case of doling out the family heirlooms. Estate administrators may end up dealing with legal issues that could span years.

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