Home & Leisure
/ArcaMax
How does paying off your mortgage impact your trust beneficiaries?
Q: Well, I just paid off my house and don’t know what the next steps might be. I did receive a letter from my mortgage lender congratulating me on paying off my loan, but I don’t know what specific paperwork I should be looking for or requesting.
My home is in a trust. Upon my death, the home will go to my son. I don’t know if or how that...Read more
Reader’s experience after mother’s passing highlights importance of having a will and ensuring heirs have access
Q: My mother’s original will was kept in her attorney’s office. At some time after she signed the will with her attorney, the attorney died.
My sister hoped our mother died without a will so that she would get half of what my mother owned. My elder law attorney was able to find my mother’s will from my mom’s original attorney’s law ...Read more
Condo resident believes property management fee is inappropriate
Q: Have you ever heard of a property management company charging a condo association a 4% fee for a “loan administration”? This fee would be on top of the loan’s interest rate.
An attorney I know has suggested that the fee is not legal. I spoke to the department of professional and regulatory affairs, and I got the impression that the fee...Read more