Family Money Home Renovation: Brother Fails to Pull His Fair Share in Home Renovation Q: I entered into a contract with my brother to renovate a house. The agreement was that we would be reimbursed for what we paid to renovate the home and then split the profit equally. The house was a disaster. I [...]
As we move into Year 3 of the Pandemic, America's personal finances seem to have improved. With that in mind, we offer some Money and Credit Resolutions for 2022. Sign up for Ilyce Glink's Love, Money + Real Estate newsletter for access to more stories like these. Here’s a guess: there aren’t many of us [...]
Should parents split an inheritance equally? Not always. There are many reasons why you might not want to treat all children equally. Read more: Sign up for my Love, Money + Real Estate newsletter. Should parents split an inheritance equally? One of our readers sent in this question: Q: My mom is in her 90s, [...]
How do you deal with money in a relationship? Money causes stress in most romantic relationships, but to build a future couples need to talk about finances. Sign up for Ilyce Glink's Love, Money + Real Estate newsletter. This story was updated December 1, 2021 When should you tell a romantic partner how much money [...]
These are the 4 personal finance resolutions you need to make ahead of a potential recession in 2019. Putting them to work now can help your financial foundation in the future. Here’s something we haven’t heard in a long time: whispers of a looming recession. And those in the know think it could start in [...]
Cosigning your in-law’s refinanced mortgage can often be a big mistake, especially if they don’t have much financial stability. Q: I was wondering what legal action could be taken if the person living in the home is on the home title but not on the mortgage loan? I recently helped my mother in law refinance [...]
What’s the best way to transfer a home title to a family member who’s been living in the home? Hint: A quitclaim deed may not be sufficient enough. Q: Hi Ilyce and Sam! We have a question about what's the best way to transfer a home title to a family member who has been living [...]
When it comes to money, Millennials are doing better than many people think. And yet the vast majority are still fretting about their money, even as the oldest part of the cohort has begun applying for mortgages. Let’s start with money. Millennials (age 23 to 37) are saving money. There’s no doubt about it. Nearly [...]
Family and money—the combination can be tricky, and when it comes to talking about finances with aging parents, years of communication and family culture can often get in the way. That’s why many financial professionals say that using a sensitive, respectful, and tactful tone with adult parents may make financial conversations easier. “It is a [...]
Americans are living longer, and people typically want to spend those extra years enjoying life and being happy. For some, that means divorce after retirement, a situation that brings with it a unique set of financial hurdles. A recent study from Bowling Green University found that the rate of divorce in Americans over age 50 [...]
