Financial Information
Posts tagged mother
Is Permanent Life Insurance for my mother in law who is 75 a good deal for $275 a qtr for $10K policy?
3Question : Is Permanent Life Insurance for my mother in law who is 75 a good deal for 5 a qtr for K policy?
or should I just save the $ 275 a qtr and put it on the side if something should happen to her?
permanent life insurance
Best answer:
Answer by Bored.
It might be best to save it yourself. It really depends on the plan though. Many plans don’t kick in fully till a couple years after it started. (hope this doesn’t happen) say she passes in a year, you may only receive a very small portion of the benefit, possibly less than you paid in.
You really need to read the plan over top to bottom and find the best plan for your family’s needs.
In Florida, can you tell me how to transfer interest in home from mother to daughter?
21 year ago
by admin
in Financial Management
Question : In Florida, can you tell me how to transfer interest in home from mother to daughter?
My dear friend’s mother is very ill and likely close to passing. Currently, my friend (who is a legal adult) shares a home with her mother however, the home is solely in the mother’s name. Being that her mother is so ill, her mother wants to transfer the rights to the property to pass to my friend so it doesn’t end up in probate. They live in Orange County, Florida and I have looked at the possibility of a quitclaim deed but not sure if that is the proper method. If possible, they would like to make it so that they both own this property as joint tenants with right of survivorship. Finding an attorney at this time is not very possible as they need this done as soon as possible since she may live past the next few days. Can anyone help me with this? I am taking care of it so that she can deal with more important matters.
Thank you!
Additions:
No heirs (she is the only issue), the mother is of sound mind, a Power of Attorney is being executed currently for all real estate transactions, not sure about the mortgage – checking into that, and the property is valued at approx $ 300K.
florida probate attorney
Best answer:
Answer by brucec83
Lawyers are fast. They can also be sure that this is what you want to do, since there may be gift tax due which would not be due if it were inherited.
Global AIDS report shows gains in the prevention of mother to child continues the momentum strengthens towards the elimination of HIV and AIDS in children
0Washington, DC (Vocus) 28 September 2010
Nicholas Hellmann, MD, Executive Vice President, Medical and Scientific Affairs of the Elizabeth Glaser Pediatric AIDS Foundation, a statement released in response to AIDS Global Report.
“The 2010 report on universal access to HIV prevention, care and treatment that show today by WHO, UNAIDS and UNICEF to further progress in expanding the Global HIV / AIDS. We are especially due to the increased access to treatment for both pregnant women and children living with the virus and prevent the further expansion of programs for the mother-child transmission of HIV (PMTCT) are encouraged, which represents over 90% of new infections in children.
“In countries most affected by the pandemic, the global medical community, more than half of pregnant women (53%) need PMTCT services to reach with anti-retroviral drugs. The fact that only 15% of women had access PMTCT drugs to clear five years ago shows the effects of global commitments to this type of prevention, which has been shown to significantly reduce new HIV infections in infants scale.
“The report also shows a dramatic increase in the number of children receiving antiretroviral therapy (ART), with an increase of 29% over the previous year. But in many countries, children still far behind adult access to treatment? less than a third of the children have to benefit in the treatment, and tested only a small proportion of HIV-exposed children shortly after birth. We know that early diagnosis of HIV infection and rapid initiation of treatment are essential in order to save young lives? and without treatment, about half of infected children die before the age of two.
“The Elizabeth Glaser Pediatric AIDS Foundation works closely with many governments in Sub-Saharan Africa, the region most affected by this disease, and we saw the vital importance of national policy commitments in the fight against pandemic. More and more countries adopt new WHO guidelines for a program on the prevention and treatment of life? as crimes of a single dose of nevirapine is the most effective prophylaxis against HIV and used by an effective treatment for pregnant women with HIV? we continue to see dramatic progress.
“Reaching more mothers and children of high quality and prevention of HIV treatment services is also critical to the overall improvement of maternal health and child survival, two important aspects of the UNA? ™ s Millennium Development Goals. In a time, governments and global health officials rally behind these common objectives shows the progress report that we are on the right track? but without the continuation of political and financial commitments, we are endangering progress.
“We welcome the report and we look forward to further cooperation with WHO, UNAIDS, UNICEF and other partners in the virtual elimination of pediatric AIDS in the world to achieve. We can not slow our progress or to lose momentum on this goal achievable. “
About the Elizabeth Glaser Pediatric AIDS Foundation
The Foundation is a global leader in the fight against pediatric HIV / AIDS and nearly 10 million women have achieved in services for preventing HIV transmission to their babies. It operates at 5,000 locations in 17 countries to prevention, care and treatment to implement in order to promote innovative research and implement strategic and focused lobbying world to dramatic changes the lives of millions of women, children and families make the world.
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Women and Money ~ Things Your Mother Never Told You About Finances
01 year ago
by admin
in Financial Management
A unique video especially for women — encouraging Control, Security and Confidence in Money Matters. “Women and Money” provides practical, down-to-earth strategies on financial issues crucial to all women, such as: How to Overcome the Fear of Financial Planning, How to Budget Money Effectively, How to Reach Your Financial Goals, How to Plan for Each Source of Retirement Income, How to Evaluate Investment Options, How to Determine Your Insurance Needs, and How to Choose a Financial Planner.
Price:
My mother died in Florida without a will.?
11 year ago
by admin
in Financial Management
Question : My mother died in Florida without a will.?
My mother died last year. She did not have a will. Her only asset was a bank account. My sister and brother that live in Florida got an attorney and went to probate court and filed papers listing themselves as the only heirs. The problem is that they did not list the other three heirs. I recently found out that they got the funds from the bank account and split them. What option do the other children who were not listed as heirs have? I think that they had a legal duty to list all my mothers children as heirs. But, what do we do now?
florida probate attorney
Best answer:
Answer by flika
It’s a civil matter, you and the other rightful heirs will have to sue your sister and brother-in-law in small claims court if you want any share in your mother’s assets. You might want to discuss your options with an attorney to decide if it is worth doing so.
My mother is 52, with little savings. What advice can I give her to invest for retirement?
41 year ago
by admin
in Financial Management
Question : My mother is 52, with little savings. What advice can I give her to invest for retirement?
My mother is 52, and has very little savings if any. She recently ended up empty handed after a bitter divorce. She currently makes about $ 1200 – $ 1500 bi-weekly. What advice can I give her to pave the way to retirement this late in the game? The more specific, the better. Please give me some references if you can! Thanks!!
retirement advice
Best answer:
Answer by Randall Parker, MBA
It is very hard to give specific advice without having access to the full story, and all of your mother’s financial information, as well as knowing her personal goals, dreams, and responsibilities.
At this point, she needs to save every dime possible, if she wants any chance of retiring at a fairly young age. The first step in this process is to drive her expenses to the absolute minimum. I don’t mean that she has to eat Top Ramen for the rest of her life, but she should do her best to minimize her fixed expenses, in order to be able to save the maximum amount of money possible. You will need to be careful on your method and manner of saving/investing this money, since she has a short time horizon, but a need for fast growth. This can be a challenge, because she is not really in a position to take huge risks, but she needs an above-average return.
You should speak to a financial planner in your area. If you want more specific advice, please provide more information.
I wish you and her the best of luck!
debt management vs credit card settlement for my 73YO mother?
1Question : debt management vs credit card settlement for my 73YO mother?
she owes 25K on credit cards and unsecured loans. 1 option is Debt management, a higher payment over more time but less credit damage. Another is a settlement, less $ paid off sooner but seriously dinged credit. She still may move once in her life, meaning a lease or purchase. Suggestions?
credit card settlement
Best answer:
Answer by CatDad
- Debt settlement means deliberately defaulting on credit cards to attempt settlements. This is a risky tactic..whether you do it yourself or you hire a debt consolidation firm to do it. Creditors are under no obligation to settle and cannot be forced to do so, even if you default. Given the amount of debt the risk is high that the creditors would sue.
- Debt management means reduced interest and payments. Non profits firms like CCCS do not negotiate settlements…just reduced interest and payments..This would take a LONG time to pay off $ 25K…which could be an issue given your mother’s age.
- If she has no assets (house/savings) and SSI is her sole source of money, then she is judgement proof as SSI cannot be garnished for debt.
Can I claim my mother as my dependent? She gets some long term disability insurance from her employer?
3Question : Can I claim my mother as my dependent? She gets some long term disability insurance from her employer?
I pay for my mohter’s housing and other living expenses, definitely more than half of her expenses. She is 62 and currently has social security benefits. She also get about $ 9000 per year from her long term disability insurance she had with her old employer, a goverment agency. Can I claim her as my dependent?
long term disability insurance
Best answer:
Answer by Bill J
Dependants are more live in with you but there should be something about a foster care situation. And good for you taking care of mommy.
Children Left in Hot Car While Mother Shoplifts
0Children Left in Hot Car While Mother Shoplifts
A baby was hospitalized after being left in a hot car while his mother was inside a grocery store, where she has been accused of shoplifting.
Read more on WSAZ NewsChannel 3 West Virginia
Girl Teen charged as juvenile for stabbing mother
01 year ago
by admin
in Financial Management
Teen Girl Charged as Juvenile for Stabbing Mother
The 15-year-old girl from Perkins accused of trying to stab her mother to death is not being charged as an adult. The Delta County Prosecutor’s office has charged her in Probate Court, meaning she’s being charged as a juvenile.
Read more on WBUP – WBKP Marquette
