Reverse Mortgages "Creepin' on a Come Up"

If you are 62 years old or older, reverse mortgages can help homeowners access their accumulated home equity without facing monthly payments. Some seniors are using these reverse mortgages to finance their future retirement income. They can provide cash when other retirement income sources fail to adequately finance their needs. This home equity can be a large part of an owner’s net worth, which makes it valuable in the long run. However, when providing a bequest to heirs by allowing them to sell your home, a reverse mortgage can eliminate a majority of the equity in your home. So, it is important to understand exactly how reverse mortgages can fit into your financial future and estate plan.

 

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Justin Jeppesen: If There is No Will or Trust, Who Receives Property in Idaho?

Some people will scare you into believing that not having a Will or Trust automatically means that Idaho will take your possessions after you pass away. Although possible, that is not usually the case. However, intestate (without a will) succession should not be taken lightly.

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Justin Jeppesen:Why a Will Matters to those Young, Single and Without Children

You have been told you need to create a Will or Trust. But, you have decided to wait or that you do not need one. If you decide you don’t need to create a Will or Trust, you should at least understand what you are facing in order to make an informed decision.

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Justin Jeppesen: Does Your Will Not Name Guardians For Your Minor Kids? The State of Idaho Will.

If your big “What If” question that keeps you up at night centers around your children and what could happen to them if you were to pass away, it is time to answer that question. By properly naming Guardians in case of death, temporary Guardians in case of incapacity, or Power of Attorney in case of travel or incapacity, the answer to your “What If” will be exactly what you want it to be.

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