Custodial Accounts for Minors - which is right for you?
As parents we want our children to experience financial security and often we establish accounts for them to help get them started. The most common types of accounts we establish are UGMA, UTMA and 529 college savings plans. Others are fortunate enough to establish some kind of brokerage account to help their children on the path to investing and providing for their future. For the purposes of this discussion, we will focus on these 3. For starters, it is important to unde
New Mortgage Lending Guidelines Regarding Alimony/Child Support Obligations
Let's face it, getting a mortgage isn't easy no matter who you are or what you make. Until recently when applying for a mortgage after a divorce there was only one way to look at monthly Alimony and/or child supports payments. It was all dependent on which side of the transfer you were sitting on - the giving or the receiving end. If you were the one paying, the Bank saw the monthly obligation as a debt. If you were the one receiving, the Bank viewed that monthly amount as