Americans are, quite literally, getting buried in debt, with nearly half expecting to pass away with outstanding debts.[1] The questions of what happens to your debts vary, both on the kind of debts they are, how they are owed, and the laws of your state. Unsecured debts, such as federal student loans, are typically forgiven […]
Fitness icon Richard Simmons, known for his flamboyant personality, high energy, and trademark attire, passed away in July 2024 following a fall at his Los Angeles home. Because of a legal dispute case between his longtime housekeeper, Teresa Reveles Muro, and his brother, Leonard (Lenny) Simmons, the estate of the Sweatin’ to the Oldies star is […]
No one will ever be you or parent exactly like you. More than likely, however, someone you know could do a decent job providing for your children’s general welfare, education, and medical needs if you can no longer do so. Parents with minor children should name someone to raise their children in the event both […]
When you establish a trust, you nominate someone to be the trustee. The trustee is in charge of managing the trust’s accounts and property. If you are creating a revocable living trust, you will likely be the initial trustee. You will also want to name successors or backup trustees to step in and manage the […]
