When people think about a will that is not valid, they often think about a fake will. Maybe, after a parent's passing, an heir drafted a will that gave them a far greater share of the estate than they got in the original. There is a clear chance for financial...
Month: May 2020
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Do children need to pay a deceased parent’s debt?
You have $10,000 in credit card debt. If you pass away, does that debt simply go to your children? Are they obligated to pay?This is an important question to ask when doing your estate planning. The truth is that, in most cases, children do not need to pay for debts...
Estate planning can address simple things
One reason people sometimes give for not doing their estate planning is that they don't think their estate is complex enough. Maybe they don't have multiple homes or properties. They don't have complex investment portfolios. They don't want to use trusts or give to...