If you have a child or grandchild with disabilities, one of your biggest worries is what will happen when you are no longer around to provide aid.
If your beneficiary designations are out of date and you die without updating those designations, your assets could go the wrong people–a former spouse, for example–no matter what your will says.
If you’re set to inherit, you may be wondering what estate expenses are paid by the beneficiary. The answer can depend on what assets are passed on to you when a family member or loved one passes away.
One of the essential steps in the probate process is filing an inventory of all the assets that are part of the estate.
The main responsibility of an executor of a will is to carry out the final wishes of the person who bestowed that position of trust.
Will there be changes in your circumstances or your family that should lead to a review of your plan? Could some events cause you to need to revise or update the plan?
The Social Security system of retirement benefits, begun in 1935, are a crucial underpinning of life for American retirees. For most people over 65, it’s undoubtedly hard to imagine life without this retirement benefit.
That last will and testament you have tucked away? It may not be the last word on what happens to your stuff after you are gone. Instead, that legal document’s directives for doling out your wealth may be overruled by other paperwork and relevant laws.
Here is a list, in no particular order, of what needs to be done after someone passes to help you during this difficult time.
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