New reverse mortgage rules begin next month

The Wall Street Journal reported this month that the number of reverse mortgages has increased.  In the first quarter of this year, banks processed 9 percent more reverse mortgage loans over last year.  The average credit line was also up, 4 percent over last year and the highest since 2008.  The most common reason borrowers…

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Heat increases chances of getting kidney stones

About 10 percent of the population experiences kidney stones at least once in their lives.  That’s up significantly since the late ‘70s when only about 4 percent of the population did so.  Some scientists see a correlation between kidney stones and climate change because one important risk factor is that kidney stones are more prevalent…

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Fighting back against identity theft

People 65 and over are more likely to have a “nest egg,” own a home and have excellent credit from a lifetime of working, saving and investing.  These sterling qualities attract con artists in droves, which is why consumers 60 and over accounted for 20 percent of identity theft complaints in 2013 according to credit-reporting…

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Scam alert

You would think that we would just run out of things lazy people can use to scam the rest of us but it just isn’t so.  A client walked into our office this week with a notice from the National Record Service.  The business claimed that they should get a Certified Copy of their Deed…

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Your debts don’t expire just because you have

Who ends up being responsible for paying your debts depends on the type of debts you leave behind. Creditors receive payment from the part of the estate that goes through probate.   Here’s an AgingOptions article to explain probate.   Items that go through probate are any items that pass through the Will.  The job of the executor…

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