Category Archives: Creditors
Who Should I Choose As The Executor For My Will In Massachusetts?
As part of writing your will, you should select an executor, which is now called a Personal Representative under Massachusetts Law. A Personal Representative is the party who is charged with ensuring that the instructions within your Last Will and Testament are followed. You may be wondering: Who should I pick as my PR?… Read More »
Trusts can Work for ‘Regular’ People
A trust fund is an estate planning tool that can be used by anyone who wishes to pass their property to individuals, family members or nonprofits. They are used by wealthy people because they solve a number of wealth transfer problems and are equally applicable to people who aren’t mega-rich, explains this recent article… Read More »
Planning for Nursing Home Expenses
The question raised in the article “Fact or Fiction: I Can Protect My Assets from a Nursing Home with a Revocable Trust” from New Hampshire Business Review is frequency asked, and the reason for it is understandable. Any form of long-term home care is costly and can quickly decimate a lifetime of savings. There… Read More »
Update Will at These 12 Times in Your Life
Estate planning lawyers hear it all the time—people meaning to update their will, but somehow never getting around to actually getting it done. The only group larger than the ones who mean to “someday, ” are the ones who don’t think they ever need to update their documents, says the article “12 Different Times… Read More »
How Can You Disinherit Someone and Be Sure it Sticks?
Let’s say you want to leave everything you own to your children, but you can’t stand and don’t trust their spouses. That might make you want to delay making an estate plan, because it’s a hard thing to come to terms with, says a recent article “Dealing with disinheritance, spouses” from the Times Herald-Record…. Read More »
How Does an Executor Obtain a Credit Report for Decedent?
Obtaining the credit report for a decedent is important to protect their assets before any criminals target them for identity theft and credit card fraud, advises credit.com in the article “Dealing with a Credit Report for the Deceased.” Speed is of the essence for this estate task. In most cases, the only person who… Read More »
The Decedent’s Debts: Who’s on First?
Estate planning attorneys are used to family members who, for some reason, determine that credit card bills need to be paid off first, when a loved one dies. It’s not the first thing to pay, advises The Mercury its article “There is a priority of debts when you die.” In fact, credit card debt… Read More »
What If Your Executor Doesn’t Want to Serve?
When you’ve finally come to determine who you trust enough to serve as your executor, you’ll need to take the next step. It involves having a conversation with the person about what you are asking them to do. You’ll need to ask if they are willing, says the Pocono Record in the article “Don’t… Read More »
Here’s How You Know You’re an Adult: 10 Documents
Fifty is a little on the late side to start taking care of these important life matters. However, it is better late than never. It’s easy to put these tasks off, since the busyness of our day-to-day lives gives us a good reason to procrastinate on the larger issues, like death and our own… Read More »
Could You Lose Your Social Security Benefits to Creditors?
What if you are retired and the only income you have is your Social Security benefit? “Can Creditors Come After Your Social Security Benefits” is the question posed by Yahoo! Finance. While for the most part, you don’t have to worry about creditors coming after your Social Security benefits, there are others who can… Read More »