All debts owned by the decedent, including those on their credit cards, will be settled from their estate purse. Therefore, family members do not have
It is common to find clients who ask, “Which of my assets will go through the probate process?” This question typically arises from the fact
The probate process is one people prefer to avoid altogether because of its complex, costly and time-consuming nature. During the process, debts and taxes are
An inheritance tax is a kind of tax imposed on beneficiaries when they inherit assets. Each inheritor is taxed separately as opposed to federal and
Your assets are not limited to those physical things you see such as your house, company, money in the bank, etc. Whatever you own that
Estate planning for distribution of assets The fundamental reason why people carry out estate planning is to distribute their assets. Through proper estate planning, you
While there seem to be several online resources that can easily prepare a fast estate plan and provide relevant documentation, the question however comes in
A will is very common. In fact, it is safe to say that a will is the most common component of estate planning which is
It’s always painful to lose a parent. You can find yourself struggling to make funeral plans, or figure out what to do with all their
The average American has over $200,000 in debt, including credit cards, mortgages, and student loans. Most individuals will not have enough to cover both funeral
