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7 Common Inheritance Mistakes to Avoid

By Submitted to Northeast Ohio Thrive
September 1, 2024
After receiving an inheritance, some people blow through it surprisingly quickly. Here are some mistakes people make when inheriting money and how to avoid them. ...
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Home Equity: Why & How to Give it Away

By Submitted to Northeast Ohio Thrive
August 9, 2024
Some older adults are passing on their wealth to heirs while still alive. The growing popularity of “giving while living” comes as good fortune for the many young people who cannot afford a home. And for older homeowners, gifting home equity and other assets before death can be part of their estate planning strategy. ...
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Time’s Running Out for Tax-Free Purchases

By Marie Elium
August 2, 2024
If you've been shopping the past week, you've probably seen signs on doorways and at cash registers, advertising Ohio's tax-free holiday. You've still got a couple of days (until midnight tomorrow) to take advantage of the tax break. ...
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Life Insurance & Your Heirs

By Submitted to Northeast Ohio Thrive
August 2, 2024
Life insurance ensures your loved ones have cash funds immediately available. Often, the passing of a family member comes with unexpected expenses. Many Americans have investments such as real estate or retirement accounts like 401(k)s. However, these types of assets are not liquid. ...
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Divorce & Social Security Spousal Benefits

By Submitted to Northeast Ohio Thrive
July 18, 2024
Spouses can collect Social Security benefits based on their spouse’s work records. These benefits are also available to divorced spouses who meet certain criteria, even after their ex-spouse has remarried. Divorced spouses are also entitled to survivor benefits, in some situations. ...
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Probate Timeline: What Takes So Long?

By Submitted to Northeast Ohio Thrive
July 4, 2024
It's something everyone wants to avoid but often doesn't when dealing with an estate: probate. If you can't avoid it, here's a timeline of how it proceeds. ...
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How to Stop Compulsive Shopping

By Submitted to Northeast Ohio Thrive
July 1, 2024
Sometimes, too much just isn't enough. That's especially true with people who shop compulsively. What's behind our desire to buy and what can we do about it? ...
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Guardianship of a Parent: Taking Over

By Submitted to Northeast Ohio Thrive
June 21, 2024
With so many people (luckily) living longer, many of us have older parents in our lives. Ideally, they can make good decisions and care for themselves up until the day they die. But what happens when an aging parent loses their ability to think clearly or make informed decisions about their life? ...
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