As the family gathered for Christmas, I finally had The Talk with my Favorite Nephew who was home from college. This talk was about being smart and taking steps to protect himself. We sat down with his laptop and I started by asking if he’d ever checked his credit report. First, I sent him to the FTC (Federal Trade Commission) website and showed him how to get his free … [Read more...] about Home for the holidays, time to have The Talk: get the new year off to a good start
Consumer Financial Protection Bureau
Hearing that you’ve inherited real estate is the good news. Then there can be uncertainty about what an existing mortgage might mean. Many fear they have to get a new mortgage on their name, that they won’t be able to, and that they will lose the property if the lender calls the loan. The Consumer Financial Protection Bureau (CFPB) recently issued a rule that should ease … [Read more...] about You’ve Inherited Property with a Mortgage, Now What?
You know your loved one or friend named you as trustee. You get a call that she has been in a terrible accident. You then realize she cannot tend to her financial matters for the near future. Do you know how to locate her lawyer to help you get started as successor trustee? After contacting her lawyer, check this new guide on your fiduciary duties from the Consumer … [Read more...] about I’m a Successor Trustee, Now What?
If you’ve been named as an agent in someone’s power of attorney, do you know what to do? Or what not to do? The Consumer Financial Protection Bureau has published a fact packed guide to help agents (attorneys-in-fact) with their fiduciary duties. … [Read more...] about What’s A Power of Attorney Agent To Do