When a parent passes away and leaves behind an estate that contains assets and debts, you may need clarification about what you are responsible for. As the beneficiary, do you have to pay off your parent's credit cards and mortgage? It depends. Two kinds of debt There...
When a person dies without leaving a valid will in New York state, the assets of the deceased are divided up according to the laws of intestacy. If a person dies intestate and has a spouse and no children, the spouse inherits everything. If a person dies intestate and...
The estate planning documents that someone drafts remain valid, in most cases, until they replace or update them. However, existing estate planning documents do require occasional reviews and updates. Families with minor children often have multiple, overlapping...
