Two things no one ever wants to think about are death and debt. This may be the reason that not many people are aware of what happens to debt when you die. This blog will briefly examine some of the considerations family, heirs, cosigners and estate administrators...
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Estate Planning & Probate
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Asset valuation can present problems for estate plans
Asset valuation can be an important — but tricky — part of any estate. An asset is anything that has monetary value. In terms of an estate, you could be talking about a business, the rights to a collection of published works, art pieces, coin collections, undeveloped...
Who pays a deceased parent’s debts?
What happens to your outstanding debts, like utility bills, when you die? In theory, the trustee or executor of the estate will see that the bills are paid before any remaining funds are disbursed to the heirs. If the estate can’t pay the bills, companies simply have...