Plan Ahead – Be Pro Active:
- Create a Durable Power of Attorney for property.
- Create an estate plan or update your existing one.
1. Transactional Elder Financial Abuse Indicators
AA reverse mortgage is a type of loan for homeowners 62 years of age or older who have considerable equity in their houses.
What is Elder Abuse?In California, elders are defined as persons 65 years and older. Under California law, elder abuse can be both civil and criminal. California Civil law The Welfare & Institutions Code § 15610 defines elder abuse as physical abuse, neglect, financial abuse, abandonment, isolation, abduction, or other treatment resulting in harm, pain or mental suffering to an elder.
PACE – The Construction Loan Repayment Plan The PACE program is supposed to provide an innovative re-payment mechanism for financing energy efficient and renewable energy improvements on private property.
Why use the Suitability Self-Evaluation Worksheet? The suitability of a reverse mortgage should be evaluated based on a number of factors.
There are many types of Annuities An Annuity is a purchased insurance policy that pays a fixed amount of benefits. Most annuities are “immediate” annuities that pay fixed monthly amounts for the life of the person who is entitled to those benefits, or for a determined period of time, e.g.
Seniors should be extremely careful before purchasing an annuity. Annuities are complex financial investments. Many have high surrender penalties and can block access to ready cash for many years.
A Reverse Mortgage is a type of loan for homeowners 62 years of age or older who have considerable equity in their houses.
Seniors have two major fears: the fear of outliving their savings and the fear of going into a nursing home. Because of these fears, seniors have become easy targets for professional financial predators.