When a person dies, their debts don’t automatically disappear. Instead, the responsibility for settling the decedent's debts falls on their estate. There are very few exceptions, but loved ones typically don’t have to pay for the debts of someone who passes away....
Year: 2023
3 things people forget to do with their estate plans
Estate planning can be complicated. There are so many considerations you’ll need to make that it’s very likely you’ll forget some key details. It’s not uncommon, however, for people to forget to do something with their estate plan. The following are several things to...
4 reasons to avoid probate
When it comes to estate planning, you've probably heard that you should avoid probate. While the probate process may be necessary if there's conflict, there may be no reason for going through the court process when there's no contesting party. But why exactly should...
Does where a loved one lived (or died) matter to their estate?
It’s not at all uncommon for people to have multiple residences around the country. People may live in one state most of the year, then head to warmer territory and a second home in the winter. Or, they may own vacation homes that they use irregularly throughout the...
The following factors could invalidate your will
A will is a fundamental aspect of any estate plan. This legal instrument allows you to pass on an inheritance to those who you love most. You can also make provisions to take care of your children and much more. That being said, a will must be legally sound to...
4 estate planning tips after you remarry
Estate planning is crucial for everyone. It ensures your loved ones receive their inheritance without conflicts. In addition, it proclaims your wishes should you be unable to make vital decisions. It is essential to revise your plan when you experience a change in...