Dear Liz: You recently answered a question about the consequences of giving up a timeshare. What are the possible consequences if a timeshare is held until the owner’s death? What is the effect if it is included in a will or trust? If none of the potential heirs want it, what is the effect of not […]
Recent Blog Posts
Q&A: What if my heirs don’t want my timeshare?
Q&A: How do I claim fire-damage losses on my taxes?
Dear Liz: My home in Pacific Palisades is still standing after January’s fire, but was damaged by smoke and ash. The remediators deemed hundreds of personal property items unsalvageable. Our insurance company is paying us a highly depreciated amount for these items, with the full amount to be received upon the actual purchase of each replacement. […]
Q&A: How spousal benefits work
Dear Liz: My best friend was able to get a 50% bump in his Social Security monthly benefit due to his wife having a higher monthly benefit. My wife didn’t work enough to qualify for Social Security, but I did. Can she get the spousal benefit from my record? Answer: Your wife can qualify for an amount […]
Q&A: How do I get out of my timeshare?
Dear Liz: We want to get rid of our timeshare after having it for more than 20 years. We gave the exit company $5,000 to help us, but all they did was tell us what to do, and it was going to cost more money. Renting it would probably be a nightmare, and we don’t want […]
Q&A: Relative’s oversharing puts family at risk
Dear Liz: Your recent column on identity theft touched a nerve. My husband and I are very cautious about online security and don’t post details on social media that could be used in identity theft. But his mother constantly overshares, has no privacy filters on her accounts and ignores our requests to avoid posting our children’s […]
Q&A: Coping when dementia causes reckless spending
Dear Liz: Our son-in-law has been diagnosed with early Alzheimer’s disease and sometimes makes reckless purchases. Our daughter has appealed to their bank to close their account or cancel his credit and debit cards. They refuse because the accounts are in his name. What can she do? Answer: What your daughter can do may depend on how […]