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 selecting a person that will carry out the wishes outlined in your power of attorney, it is important to choose wisely. There are no qualification guidelines to follow when choosing this agent. However, finding a trusted person is key when selecting someone to...
An executor, also known as a trustee or personal administrator, ensures that the decedent's property and possessions are distributed to the beneficiaries according to the last will. The law requires the trustee to execute these duties with the utmost honesty and...
We may collect assets throughout our lives that we imagine passing into the hands of our loved ones. These assets could be money intended for schooling or even a favorite piece of jewelry. A last will and testament is the legal tool most commonly used to dictate how...
