Am I Responsible for My Deceased Relative’s Debts?
When a relative passes away, there are a myriad of factors to think about. Among those concerns may be debt that relative still owed when they passed – but what becomes of that debt? The good news is, generally speaking, you will not be responsible for that debt. Such a debt would only attach to […]
Creating a Successful New Marriage as a Senior
(Guest Article; Words by: Harry Cline at newcaregiver.org) No matter what age you are, getting married can bring a multitude of benefits. Along with the obvious companionship that comes with finding a spouse, there can be a number of legal and financial benefits that come your way as a side effect. If you’re currently […]
Estate Planning in Your 20s and 30s
Author: Sara Bailey (https://thewidow.net/) Preparing for retirement and undertaking estate planning are crucial and have profound effects on your later quality of life and on your children, if you have any. Deciding how to distribute your assets once your life has concluded empowers you to control your legacy and benefit your loved ones. Many people […]
To Probate or Not To Probate (and if so, which?)
Your relative has died. Now what? Do you need to open a probate case? What is a probate case? When someone passes away and they have left assets in their name alone (for more details on what needs to be probated, see our blog post: The Non-Probate Pail) you will likely need to open up […]
What Is a Personal Representative and What Does He/She Do?
When people think about Wills, the focus is usually on property: whether that is the house, money, cars, the old jewelry collection, or whatever else the deceased may have owned. While that is a big part of the story when it comes to estate planning, the person who is chosen to be personal representative can […]