Bank of America reached a settlement with the federal government over allegations of discriminatory policies against individuals with disabilities under guardianships. According to the U.S. Department of Justice, Bank of America maintained written policies that barred adults with disabilities under legal guardianships or conservatorships from obtaining mortgages or home equity…
One of the most common questions we receive from clients is where to keep original wills and other estate planning documents. Generally, there are two main options as to where these documents should be kept. The first option is to keep them in your home with your personal items and…
Open enrollment for Medicare runs from October 15th to December 7th this year. If you are eligible for Medicare, you are more likely than ever to be the target of Medicare related scams this year. Medicare scammers are smart and they know exactly what types of scenarios, incentives and stories…
The Reverse Mortgage has gotten a bad reputation in the time since it was first created by the Federal Housing Administration in 1988. The mere mention of the Reverse Mortgage usually brings to mind foreclosed homes and declining financial health. In fact a Reverse Mortgage is simply an equity loan…
Custodial accounts are created by adults as custodians for minor children. Both the custodian and the minor must be residents or resident aliens of the United States. The accounts are established under the Uniform Transfers to Minors Act (UTMA). A custodial account is an account created with property gifted by…
Effective January 1, 2010, Illinois enacted the Banking Convenience Account for Depositors Act which allows account owners to create joint accounts that allow non-owners to make deposits and withdrawals. The accounts do not have Payable On Death or Transfer on Death designations. The non-owners have no survivorship rights as there…