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Should I Loan Money To Friends and Family

Every quarter the Federal Reserve reports on national household debt, and every quarter we’re reminded of the trillions of dollars that Americans owe in credit cards, student loans, mortgages and more. But what about FF debt — aka loans from the Bank of Friends and Family? (source: finder.com) Getting by with a little help from your friends is nothing new, but especially with peer-to-peer lending and digital wallets making lending to people we know easier, we wondered how much do we rely on our loved ones? And how much do these loans contribute to our national debt? (source: finder.com) What Finder found is that we borrow money for much bigger expenses than to cover lunch (despite what your Venmo feed may say) — to the tune of $184 billion annually. That’s a figure that is more than student loan and credit card debt combined and deserves a closer look. (source: finder.com) How did they calculate how much we borrowed from friends and family?  ...

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Ten Things To Include In Your Will

Ten Things To Include In Your Will Here is a great article By Barbara Kate Repa, Caring.com Senior Editor that I came across on www.caring.com 1. Name a personal representative or executor. In an individual will, your parent can name a person or institution to act as personal representative, called an executor in some states, who will be responsible for making sure that the will is carried out as written and that the property is divvied up and distributed as directed. It’s also wise to name an alternate in case the first choice is unable or unwilling to act. 2. Name beneficiaries to get specific property. Your parent’s will can specify separate gifts of property — called specific bequests — including cash, personal property, or real estate. Likely beneficiaries for such bequests are children and other relatives, but they may also include friends, business associates, charities, or other organizations. 3. Specify alternate beneficiaries. In fashioning their wills, most people assume ...

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