What is a Will?Written by John Mussi
What is a will? This subject is one that all of us tend to conveniently overlook. It is a necessary task which need not be morbid. A will is a very simple way to ensure that your funds, property and personal effects will be distributed after your death according to your wishes.A will is a legal document designating transfer of your property and assets after you die. Usually, wills can be written by any person over age of 18 who is mentally capable, commonly stated as "being of sound mind and body." Without a will to indicate your wishes, court steps in and distributes your property according to law. Wills are not just for rich; amount of property you have is irrelevant. A will ensures that what assets you do have will be given to family members or other beneficiaries you designate. Part of purpose of writing a will is to name an executor. An executor is person who oversees distribution of your assets in accordance with your will. Most people choose their spouse, an adult child, a relative, a friend, a trust company or an attorney to fulfil this duty
| | Debt consolidation – More Options for Reducing Credit Card CostsWritten by Charles Essmeier
Borrowing money against your credit cards has always been among most expensive ways to borrow money, and when you fail to pay your bill in full each month, borrowing is exactly what you’re doing. You’re not alone; average American household now carries more than $8000 in credit card debt. It’s easier to accumulate credit card debt than other types of debt for following reasons:
They’re easy to use. It’s far easier to borrow spend money on a credit card, even thousands of dollars at a time, than it is to go to bank and secure a loan. Convenience can easily lead to overindulgence.
The interest rates are higher than for other types of debt. The interest rate on your mortgage may be 6%. The interest rate on your credit card may be 25%. That adds up in a hurry, especially if you are carrying a balance.
There is no set repayment schedule requiring you to pay back a set amount each month. The only requirement is that you pay at least 2% of your outstanding balance. Many people pay exactly that, and no more, causing interest to accumulate quickly
Credit card lenders tend not to be very forgiving. If you make a late payment, you could end up with a late fee of as much as $39 in addition to having your interest rate increase.
Many credit cards come with annual fees, which can add to your debt, especially if you don’t pay them in full. Then you end up paying interest on annual fee!There are number of solutions available. All they require
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