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February 2015 Archives

What to know about being an executor

Being appointed as an executor to a love one’s will may be an honorable role, or it could be completely terrifying, depending on your temperament. Outside of that, it is helpful to know what is going to be expected of you in this role. For many executors, it is a multifaceted role where you will have to deal with a number of people and be the point person in several transactions.

Best ways to rebuild after bankruptcy

If you are nearing retirement or are already in your golden years, recovering from a bankruptcy may be the least of your concerns. However, when debt becomes too much to bear, and extreme measures must be taken to preserve some semblance of wealth through bankruptcy. But the good news is that even after a bankruptcy, life goes on and you can rebuild your credit rating.  This post will highlight a number of ways of how you can achieve good credit again. 

An Estate Planning Dilemma: Estate and Death Taxes

In the world of estate planning, "Death Taxes" or more properly called, Estate Taxes, make headlines. What you call these taxes when someone passes away depends on your political bent. Republicans use the phrase Death Taxes while Democrats like to call the Estate Taxes. Whatever your bent, everyone wants to know what they are and if they need to be concerned about them. So what are they?

Three things that bill collectors may not want you to know

If one of your New Year's resolutions was to get out of debt, chances are that you are looking at your income tax refund as a catalyst to help you achieve that goal. Indeed, using the extra money to eliminate some troubling debt can be helpful, especially if the interest on such debt continues to grow and be burden to you.

Does having a will keep an estate out of probate?

Sometimes, following the death of a loved one, an Ohioan will end up serving the role of personal representative for their deceased loved one's estate. One way this can come about is if they are named for this role in their deceased loved one's will. When a person is the personal representative of the estate of an individual who had a will, one question they may have is: What impacts will the will have on the probate process?

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