Ah, but you forgot about the option of taking out reverse mortgages! We can now extract cash from our inflated homes to support our lifestyle and stay in them until we die. Of course, the bank then owns the property after we die. (Another way to screw our millennial heirs, I supp...
A well-written will can simplify the probate process because it provides the executor, the state, and your heirs with clarity about your intentions for your assets. Without a will, your estate may take longer to settle. 🤓Nerdy Tip Wills can govern the distribution of things such as houses...
Japan has traditionally had a relatively underdeveloped financial system. For example, in Japan, lifetime annuities, long-term care insurance, and reverse mortgages are not provided by the private sector to the same extent as they are in other developed countries (see Horioka and Kanda2010, for ...