retired lady with lots of cash in pink light with blue background and house plants

Article Summary: A 26(f) retirement program is designed to build wealth by investing in a life insurance policy. If done properly, these plans utilize tax advantages and build cash value. Note that unlike a 401(k), a 26(f) program is not backed by an employer. However, the consensus among financial advisors is you can obtain similar […]

Couple looking frustrated and holding a paper to another person across the table

Article Summary: Tenancy at sufferance is when a tenant remains in a property past the end of their lease agreement. Both the tenant and landlord have certain rights and responsibilities during a tenancy at sufferance, and the landlord can choose to evict the tenant at any time. Whether you’re a landlord or a renter, it’s […]

Toy car on legal documents with two hands passing car keys behind

Article Summary: Most of the time, you cannot insure a car that isn’t in your name. This is because auto insurance policies are designed to support the vehicle owner, who has an insurable interest in the vehicle. However, there are a few scenarios that allow for non-owner insurance policies. Insurance is important. It protects you, […]

Hands of a man signing a contract

Article Summary: Assignor and assignee are terms typically used to define roles in contract assignments. The assignor is the original party to the contract. They have the ability to assign the rights and benefits of said contract to a third party, otherwise known as an assignee. Typically, these are most used when considering wills and […]

Elderly couple smiling as they sign a document as indicated by a younger man in a suit

Power Of Attorney After Death

Article Summary: Power of attorney after death gives a person the authority to act on behalf of the deceased, also known as the principal, to execute their wishes after they pass. This differs from a power of attorney, which is only valid when a person is permanently incapacitated in some way, but is otherwise still […]

Man with gloves and a flashlight inspecting a vehicle's engine

Article Summary: Branded titles belong to cars that experienced serious damage, such as during a major accident or a storm. If you see a branded title being sold at a dealership, it has been repaired and inspected by your state’s DMV. The vehicles are often sold at a discount because of their previous damage histories. […]

Hand placed on a casket with a handful of white lilies

Article Summary: Unfortunately, a person’s debt doesn’t magically disappear when they die. Instead, the deceased’s debts are often settled by the assets in their estate. Often these assets will cover all the debts and the remainder of the estate will be distributed among the inheritors. In some cases, however, heirs will inherit debt as well […]

An elderly couple looking at a computer screen with an advisor

Article Summary: Per stirpes and per capita are two different ways of distributing assets in a will. Per capita evenly divides an estate among the surviving beneficiaries, while per stirpes allows assets to pass to the next generation if a beneficiary has already passed. Estate planning is one of the most critical pieces of the […]