Lifestyle and Budget

Taking Over Parents' Finances: First Steps

Don't wait until it's too late: get your parent's financial information now and make necessary changes while they still have the capacity and legal authority to do so

Attention Parents of Newborns: Your Kid's College Will Cost $300K

Parents of newborns can expect a college degree to cost more than $300,000 when their children head off to school—and that’s if they go to an in-state public university, according to a new study. But there are steps they can take to ease the savings pain.

Is Family Responsible for Mom's Debt?

An 89-year-old mom is carrying $20,000 in card debt from purchasing gifts for loved ones. Will the family be liable for the debt when she dies?

Some Teens Can Drive at 14

State laws vary on what age a teen may start driving.  Some states allow those as young as 14 to get a permit. Here's how parents can make sure their young drivers are covered. 

Who Pays Card Bill After Parent Dies?

Once a parent passes, all bills should go through his or her estate. Even if you used the card with permission prior to death, if it's not your card, it's not your bill.

How to Handle Loan Request From Adult Kids

It can be hard to turn down family members that  needed a cash infusion. But to keep both the relationship and retirement fund intact, boomers need to set clear payback guidelines and expectations.