A recent study examined a new trend; among seniors who rent out a portion of their home. House sharing is an economical option for seniors who lack sufficient retirement funds, or for those wanting to stay in their homes as long as possible. The study notes that more than half of all working age households… Continue Reading
Author Archives: John
Office Closed Temporarily
Due to a residential gas leak next door, Hugg & Associates is temporarily closed. We hope to be back in our offices this afternoon and we apologize for any inconvenience. Once we return to our office we will return phone calls to all who leave us a message. Thank you for your patience.
PLANNING AHEAD: ELECTRONIC RESOURCES
As discussed in previous posts, sorting through a parent or grandparent’s affairs and finances can be daunting, but planning ahead and making use of some tools and strategies to help organize and collect vital information can prevent a lot of stress later on. Electronic storage of important documentation and record keeping can be very helpful.… Continue Reading
Can Your Estate be Divided Unequally and Still be “Fair”?
A recent estate column in the Wealth Matters section of the New York Times caught our attention. The article asks, “Is there ever a time when inheritance should be uneven? And if so, can uneven still be fair? The answer to both questions is yes.” But, good, clear, timely communication is essential to avoid hurt… Continue Reading