Estate Planning Answers

Personal cash-flow management and managing your spending habits are key areas of personal financial management, and are concerns for many families. With fantastic new products arriving in the market daily, managing available cash becomes quite a challenge especially during a weak economy. This also becomes more challenging as we move into the various higher purchasing [...]

Revise your will. Asset values have changed dramatically. If you had left the family business to your daughter and your house and portfolio to your son, they may now be worth widely different amounts then when you set up your will. Update your power of attorney. A power gives a person you name, your agent, [...]

Q: My boyfriend and I have been married before and we’ve been very good friends for the last year. We have very different financial situations and are thinking about living together. Do you have some financial guidelines for us? – J .& F—California  A: Before you begin your cohabitation, it’s worthwhile to have a frank [...]

Q: We have just started looking for a new home and are baffled by mortgage options. What do you suggest?  – J.P., Texas  A: Mortgage rates can vary significantly, and by choosing too high a rate or for too long a term, you could end up overspending by tens of thousands of dollars over the [...]

Q: –– We just got transferred and are in the market for a new house, but are getting confused by all the mortgage options. Can you help us sort it all out? – J.P., California  A:  Getting the right mortgage “for you” is a vary important financial decision. By choosing poorly, you could end up [...]