Power of Attorney Duties After the Principal’s Death
You can’t get a power of attorney to act for someone after they have died, and an existing power of attorney becomes invalid upon the death of…
What Is the Fair Housing Act?
Definition and Example of the Fair Housing Act The Fair Housing Act is a law enacted in 1968 and has been updated several times since its inception….
Is a Reverse Mortgage a Ripoff?
Reverse mortgages are special types of loans that give older homeowners a way to turn their home equity into a source of income they can use during…
Alternatives to a Home Equity Loan
A home equity loan, or second mortgage, allows you to withdraw the equity you’ve built up in your home so you can use the cash to make…
What Is an Unrecaptured Section 1250 Gain?
Key Takeaways A higher unrecaptured Section 1250 tax rate applies to long-term capital gains for which a taxpayer has previously claimed depreciation. The IRC requires that claimed…
Terri Huggins – The Balance
Highlights More than 10 years of experience as a journalist covering topics like personal finance, parents, and mental health Former marketing and communications professional at a real…
Peter Lauria – The Balance
Highlights Has more than 20 years of experience as a business writer and editor, covering everything form the business of media to high-level economics Former editor in…
What Are Series HH Savings Bonds?
Key Takeaways Series HH savings bonds were a type of Treasury bond that directly deposited interest payments into an investor’s account. These bonds matured after 20 years…
Leveraged ETFs: What Are They?
A leveraged exchange-traded fund (ETF) is a type of financial product designed to track an underlying index at higher rates of return. It can offer returns as…
What Is Title Insurance?
Key Takeaways Title insurance can protect both buyers and lenders from financial losses that may occur after a home sale. Lenders require borrowers to purchase title insurance…