Do My Credit Card Debts End When I Do?
Some things don’t disappear even when you die, including credit card debt.
Some things don’t disappear even when you die, including credit card debt.
Your estate plan isn’t finished just because your attorney has drawn up a will. Proper asset titling is the next step.
The wish to leave our heirs with a legacy is powerful. Don’t leave them without an estate plan.
Parents are often more than happy to offer financial advice to their children. They like to feel needed and want to make sure you’re on solid financial ground. However, it’s important to turn the tables and ask about their financial plans, too.
A will may not be sufficient to handle all situations, so other documents are added to your estate plan. Everyone needs a power of attorney.
As it turns out, though, living wills and durable power of attorney for healthcare are two things that single people might especially want to give some thought to.
No matter what line of work you are in, estate planning has facets that apply to everyone, and it comes down to documenting wishes and avoiding probate and unnecessary taxes. Too many people put it off, but, in general, the sooner you do it, the better.