Who knows “Where Your Money Is?”
Even those who have saved and invested well may not be sharing their financial information with a spouse or loved one. It’s time to do that now.
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Downs Law Firm, P.C.
Even those who have saved and invested well may not be sharing their financial information with a spouse or loved one. It’s time to do that now.
Usually when asked to be the executor of a family member’s estate, the person feels honored and trusted. It’s a big responsibility, since the executor will be carrying out a person’s final wishes.
In fact, many couples with no children mistakenly believe that they are less likely to need a last will and testament than couples with children.
Estate planning is a cornerstone of any healthy financial plan, but it can be difficult to discuss.
When someone passes away, their tax headaches don’t die with them. In fact, those obligations can further complicate the lives of survivors: Federal estate taxes may be due and state inheritance taxes could also come into play.
Especially with the average U.S. household having $7,027 in revolving credit card debt and Americans owing a total of $416.1 billion in credit card debt, according to a recent Nerdwallet study, some Americans will have credit card debt for the rest of their lives. However, what happens to credit card debt when you die?
How can we see if there was a will and if it’s worth pursuing?
There are continuing misconceptions regarding what powers are held by a personal representative and when he can exercise them.
The list of things you need to do after someone dies can seem endless, especially during a time when you are also grieving.
Many people are taking this time at home during the COVID-19 crisis to update their estate plan. Here are six critical estate plan components you should focus on in light of the current pandemic.