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Money Talk with Liz Weston

  • Heirs fail to inform lender of mother's death
    Heirs fail to inform lender of mother's death

    Dear Liz: My mother passed away unexpectedly in late 2008. She had a mortgage, and the house was under her name only. She didn't leave a will. My family is still paying the loan, and the company does not know my mother passed away. We don't have a lot of money and we need advice on...

  • Know risks of buying in-laws' home
    Know risks of buying in-laws' home

    Dear Liz: My in-laws just informed us that they have gone through their retirement fund and soon won't be able to pay their mortgage. They borrowed against the house they've lived in for 30 years and currently owe $325,000. They are devastated, so I am trying to figure out the best...

  • Don't rely on expected government pension to pay for retirement
    Don't rely on expected government pension to pay for retirement

    Dear Liz: My husband works for the government and will be receiving a pension when he retires. Am I still supposed to save the recommended amount for retirement from my income or can that amount be reduced since we know we have the pension? We are starting a family and could use any extra...

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