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Ask Dave

Dave has answered thousands of money questions over the years.
Find the answer to your question here.

Leaving a legacy

Competency and integrity

Joyce says she has been told you shouldn't allow a family member to act as executor of your will. Dave doesn't necessarily agree with this opinion. He says as long as the family member has integrity and is competent, it's perfectly fine to ask them to serve in this capacity.

Leaving Something for Her

Lynn's 90-year-old father wants to leave something for her one-year-old daughter for college. He'd like to do it now in case he passes and it isn't done. Dave gives Lynn some options.

100% Mortality Rate

Cam asks if it's unreasonable to ask her 76-year-old husband to make a will. His rationale of why he doesn't want to do it gets Dave laughing out loud.

What Should I Do With an Inherited Timeshare?

Joe says his mom passed away and left behind timeshares. Joe inherited those, and they are all paid for. He isn't sure what to do with them now as the executor of the estate. Dave explains how to handle it.

Avoid Revocable Trusts

Ann wants to know when to create a revocable trust, especially if you own real estate. Dave doesn't believe Ann needs one even though it does provide some liability protection.

Find a Reputable Dealer

Lisa discovered an art and coin collection her father owned. She isn't sure what to do with this collection. Does Dave have any ideas?

Check on the Checking Account

Melinda's husband who died eight years ago. She didn't probate the estate, and he did not have a will. She is trying to deal with this again but is being given the runaround.

Are Prepaid Funerals a Good Idea?

Dave's wife passed away in February at 43 years old. Now he's getting solicitations from the funeral home to prepay his own funeral. He's 45 years old. Dave warns him away from this.