How do trusts help in estate planning?
Thinking about the future is something that most adults often do. Those thoughts are often limited to what they want to do while they’re still living; however, thinking beyond that is a good idea. All adults should think about getting their estate plan together so...
How are debts handled when a person passes away?
Some people assume that a person’s debts vanish if the account holder passes away, but that’s not how it works. Instead, it’s possible that the estate of the decedent will have to pay for the debts. The estate administrator is responsible for handling those payments. ...
3 benefits of a POD account
A POD account, or a payable-on-death account, is in many ways like any other financial account. You set it up at your bank, and it can hold funds that you can transfer in and out as you like. The difference is that this account has a beneficiary designation. You are...
