When people are doing their estate planning, they often discuss their life insurance policy. An elderly person may know that they have a substantial amount of life insurance, and they just want to make sure that it gets divided appropriately between their adult...
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What if an intended beneficiary has a substance abuse disorder?
People establishing estate plans often choose their closest family members as their beneficiaries. They want to leave everything they own to spouses, children, grandchildren and other loved ones. Most people imagine that an inheritance will improve the life of a...
What happens with debts when a person dies?
Many adults in the United States carry debt, which can include everything from secured debts like mortgages to unsecured debts like credit card balances. While some people think that debts die with the account holder, that’s not necessarily true. When someone dies...