Is a Life Insurance program a substitute for a Will?

No. Life insurance is only one kind of property, which a person may own.  If a life insurance policy is payable to an individual, the will of the insured has no effect on the proceeds.  If the policy is payable to the estate of the insured, the payment of the proceeds may be directed by […]

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Posted in Wills, Trusts and Estate Planning on Aug 31st, 2007, 10:56 pm by admin     
Mortgage Problems and Mortgage Trouble

Sample General Security Principles

Users are expected to be aware of the security policies of the computers and networks which they access and to adhere to these policies. Users are individually accountable for their own actions and for all use of the resources assigned to them. The sharing of accounts, passwords, and other assigned resources is unauthorized.
A weakness in […]

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Posted in IT Documents on Aug 30th, 2007, 11:50 pm by admin     
Mortgage Problems and Mortgage Trouble

How do Joint Bank Accounts Work?

Joint bank accounts and real property held in the names of both husband and wife with right of survivorship usually pass to the survivor by law and not by the terms of the deceased’s will.  There are many cases, however, in which it is not to your advantage to hold property in this manner. For […]

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Posted in Wills, Trusts and Estate Planning on Aug 29th, 2007, 11:04 pm by admin  1 comment   
Mortgage Problems and Mortgage Trouble

Sample Password Security Guidelines

Do not set your password equal to your Username or any variation of your Username. Do not use a password consisting of all the same letter. Avoid passwords that would be easy to guess. Do not use your initials or first, middle, or last name or the name of any family member. Do not use […]

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Posted in IT Documents on Aug 28th, 2007, 11:51 pm by admin     
Mortgage Problems and Mortgage Trouble

Top 10 Mistakes When Buying a Home

1. Looking for a home without being pre-approved. As a potential buyer competing for a property, you’ll have a better chance of getting your offer accepted by being as prepared as possible. Consider this hierarchy of preparedness:
o Neither pre-qualified nor pre-approved
o Pre-qualified
o Pre-approved
The benefits available at each level can be easily understood when viewed from the seller’s perspective. Imagine […]

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Posted in Credit Repair, Wills, Trusts and Estate Planning on Aug 27th, 2007, 11:39 pm by admin  7 comments   
Mortgage Problems and Mortgage Trouble

Do My Wife and I need to agree on Secondary Guardian

It depends.  The guardianship provision is normally effective when both parents die at or about the same time.  As an example, if the husband’s will nominates his parents and the wife’s nominates her parents and both husband and wife die at or about the same time, then the court will have to decide who is […]

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Posted in Wills, Trusts and Estate Planning on Aug 26th, 2007, 11:09 pm by admin     
Mortgage Problems and Mortgage Trouble

What is an Executor?

An executor is the person who will manage and settle your estate according to the will.  You should also consider naming a substitute executor in the event that the named executor is unable or unwilling to act as the executor of your estate.  By the wording of your will, you can require that your executor […]

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Posted in Wills, Trusts and Estate Planning on Aug 25th, 2007, 11:08 pm by admin     
Mortgage Problems and Mortgage Trouble

How large an Estate is necessary to justify a Will?

Everyone who owns any real or personal property should have a will regardless of the present amount of his estate.  Your estate grows daily in value through the repayment of mortgages, appreciation of real estate, stocks and other securities, inheritances from relatives and other factors. Please see our Wills Forms section for more information.

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Posted in Wills, Trusts and Estate Planning on Aug 24th, 2007, 11:07 pm by admin  1 comment   
Mortgage Problems and Mortgage Trouble

What is my Legal Residence?

Your legal residence is the state in which you have your true, fixed and permanent home and to which, if you are temporarily absent, you intend to return. Voting, paying taxes, owning property, motor vehicle registration and so on, are some indicators of one’s legal resident of some state.  You cannot be a citizen at […]

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Posted in Wills, Trusts and Estate Planning on Aug 23rd, 2007, 10:54 pm by admin     
Mortgage Problems and Mortgage Trouble

How long is a Will Valid?

A properly drawn and executed will remains valid until it is changed or revoked.  However, changes in circumstances after a will has been made, such as tax laws, marriage, birth of children or even a substantial change in the nature or amount of a person’s estate, can affect whether your will is still adequate or […]

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Posted in Wills, Trusts and Estate Planning on Aug 22nd, 2007, 10:49 pm by admin  5 comments   
Mortgage Problems and Mortgage Trouble

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