What happens to a guarantee when the guarantor dies?Question:What happens to a guarantee when the guarantor dies?Finance and banking:Finance is largely involved with the study of money and how it is managed while banking is an industry that is charged with the handling of cash in a given st...
Secured debt is a type of debt where there is an asset attached to it. If you fall behind on secured debts, you can lose those assets, like your house or car. If you fall behind on unsecured debts, such as student loans and medical bills, it’s arguably far less of a serious ...
Do You Have to Go to Probate Court When Someone Dies? Each state has specific probate laws to determine what's required. Unless someone has no assets or descendants when they die, probate is usually still required in order to settle the deceased's remaining affairs, including debts, assets, ...
There are a lot of tasks to take care of after someone passes away, especially when there are financial complications like outstanding debt. Unfortunately, credit card debt isn’t wiped clean when a cardholder dies. That debt is still owed to the card issuers and must be paid by the estate...
So you both agree that you don't need to “waste” money putting together a QDRO, and you'll split the money down the road when you both retire. That's a bad idea. For instance, what if your ex remarries and dies, and your ex's new spouse doesn't think you deserve any of ...
If someone dies after a lengthy sickness, who’s responsible for anyunpaid medical bills? The question is more complicated than you would think. This depends on whether the deceased person’s estate is solvent or insolvent. An estate is essentially the total monetary value of someone’s assets...
One of the most important things your will can do is empower your executor to pay your bills and deal with debt collectors. Ensure the will's wording allows for this and gives your executor leeway to handle related issues not explicitly outlined in your will. ...
No one wants to administer the estate as they are afraid of having to pay his bills. Do they wait to hear from the court? I understood that, in California, hospitals and funeral homes have to notify the court whe...
[00:30:07] If you’re not a pet owner, you might be annoyed when someone brings their pet along. [00:30:11] OG: In practicality here, Tim, when it comes to like the vacation property Lake house, you know, once you get to the second generation, in your experience, has it been ...
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