Peter Barton, who played Dr. Scott Grainger on the soap opera The Young and the Restless back in the late 80's and early 90's, and Kevin Brophy, who starred on the Lucan television series that aired for a couple of years during the 1970's, recently came into inheritances. The windfalls that these two veteran actors received were very much unexpected. A fellow named Ray Fulk died in Illinois over the summer. He was the owner of about 160 acres of property that has been appraised at … [Read more...] about Estate Planning and the Kindness of Strangers
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Wife and Girlfriend of Kinkade Settle Case
We reported on this story some time ago but there has been a new development. A last will that is constructed completely by hand is called a holographic will. The painter Thomas Kinkade, who died last April, apparently executed two different holographic wills leaving significant resources to his girlfriend Amy Pinto. One can legally construct a holographic last will, but in the case of Thomas Kinkade there were some complications. These documents were very poorly written and … [Read more...] about Wife and Girlfriend of Kinkade Settle Case
Will Challenges: What Are the Legal Grounds?
Some people hear about the topic of last will challenges and they see a one-sided picture. This perspective involves a disgruntled party who cannot deal with the final wishes of a family member. Rather than accepting the decedent's right to make his or her own decisions the indignant individual in question decides to challenge the validity of the will. The fact of the matter is that there are those who may step forward out of a sense of being slighted personally without really having … [Read more...] about Will Challenges: What Are the Legal Grounds?
Special Pension for Service Members Who Need Living Assistance
Living assistance is very expensive, Medicare won't pay for it, and of course most senior citizens are living on a fixed income. This is not the best combination of circumstances. People who have served in the military may be able to tap into a benefit that they have earned to help them address the expenses that they may incur if they need help with their day-to-day needs. This benefit is called the Veterans Aid & Attendance special pension. To qualify you have to be able to … [Read more...] about Special Pension for Service Members Who Need Living Assistance
Are You Sure a Reverse Mortgage Is a Good Idea?
A home equity conversion mortgage is a reverse mortgage that is fully backed by the United States Department of Housing and Urban Development. To obtain one of these mortgages you must be at least 62 years of age and have significant equity in your home or own the residence outright. The government wants you to understand exactly what you are getting into when you take out a home equity conversion mortgage. As a result you must undergo a counseling session with an approved … [Read more...] about Are You Sure a Reverse Mortgage Is a Good Idea?
2013 Average Social Security Payouts
We are all aware of the fact that the economy hasn't been at its best over the last several years. A lot of Americans are finding it challenging to simply make ends meet in the present. As understandable as this may be you don't want to be in denial about the future. Just about everyone would like to retire someday. And, even if you truly enjoy working and are capable of doing what you do as a senior citizen you probably want to work on your own terms. Most of us pay into … [Read more...] about 2013 Average Social Security Payouts
Download Our Free Report on the Probate Process
The process of probate enters the picture when you are executing a last will to state your final wishes. During this interim the probate court will examine the will to determine its validity. Interested parties could step forward during probate to challenge your will, and while the estate is being probated final debts must be paid. Along with the above the assets that comprise the estate must be prepared for distribution to the heirs in accordance with your stated wishes. … [Read more...] about Download Our Free Report on the Probate Process
Hemsley Estate Dispute Decided by Court
We have been passing along information over the last few months about the disputed estate of the deceased actor Sherman Hemsley, and we can now report that a resolution has been reached. The character George Jefferson catapulted Hemsley into the public consciousness, and he certainly provided millions of Americans with some hearty laughter during his long and successful career. The dispute involved a person stepping forward to challenge Hemsley's will during the probate process. Even … [Read more...] about Hemsley Estate Dispute Decided by Court
Seniors Face Higher Medicare Deductibles, Part B Premiums
Retirement planning is very important if you don't want to find yourself on a very tight budget during the latter portion of your life. Living on a fixed income can be very challenging, and Social Security alone is really not enough for most people. And even if you could get by on Social Security on the day that you retire costs inevitably go up and cost-of-living adjustments are very modest to say the least. In fact, in 2010 and 2011 there was no Social Security cost-of-living … [Read more...] about Seniors Face Higher Medicare Deductibles, Part B Premiums
Healthy Seniors: Don't Be Fooled
Sometimes you can be lulled into a false sense of security for one reason or another, and as a result you may fail to take the appropriate actions. This can come into play among healthy senior citizens. Let's say that you have always been one to go to the gym regularly, eat well, and refrain from smoking and excessive drinking. You see your retirement years start to come into focus and you feel very good physically. Your doctor has given you a clean bill of health and you … [Read more...] about Healthy Seniors: Don't Be Fooled
