Estate

Understanding Payable on Death Accounts

Understanding Payable on Death Accounts

If you’re worried about how your assets will get passed down when you die, but you can’t afford a trust right now, a payable upon death account can be another option.  It’s the simplest way to keep your money out of probate and to ensure the intended parties...
Who is Responsible for a Decedent’s Medical Debt?

Who is Responsible for a Decedent’s Medical Debt?

Whether they pass as the result of a prolonged period of illness or an unexpected accident, the death of a loved one is never easy. Many families end up worrying about the costs associated with a decedent’s end-of-life care while they are trying to grieve their loss,...
No heirs? Why you still need to have an estate plan

No heirs? Why you still need to have an estate plan

Having no heirs doesn’t absolve you from the need for proper estate planning. The most avoidable problem is what happens to your wealth if you die without making a will (or dying intestate). When this happens, the state court system decides how to handle your money...
Consider these 6 documents for your estate plan

Consider these 6 documents for your estate plan

As soon as you own more than a bicycle and a stamp collection, having a will is a good idea. Once you have dependents, a will is a necessity. But estate planning doesn’t need to be complicated. Knowing what to expect will put you in a stronger position and make the...