If you find yourself referring to this article now or you decide to keep it in a drawer or on your computer for some unforeseen time in the future, please know that I am here to help you and assist you as you seek answers to your questions and a measure of financial equilibrium. ...
When someone in your family dies, there is a good chance that he or she had real estate (either in the form of a personal residence or in investment properties) that will be subject to either probate, inheritance taxes, or both. In cases where the real estate value is high or completely...
Preparing ahead of time for what happens to your Social Security check when your spouse dies can help ease your stress during these challenging times. Is a Spouse Eligible for Social Security Benefits? As reported by the Social Security Administration, a spouse may be eligible for benefits if ...
Part of our ongoing series:What To Do When Someone Dies Joint Account:In the event that you have a joint bank with the deceased, all control over the account goes to the remaining party, and you can continue to make payments, deposits, and changes the same way you did while the deceased...
When a car lease is in only one person's name, his death can trigger early termination of the lease. If the vehicle is returned to the dealership due to his death and before the lease expires, early termination fees and other penalties would typically come due. The leasing agent will most...
Since your rates will stay the same throughout the policy, it’s best to buy whole life as young as possible when your prices are low. Not only do whole life plans outlast term policies, but they also accumulate cash value. You can use the cash value as a source of emergency funds ...
In fact, one conclusion that can be drawn from Table 2.2, is that the few countries where legal recognition in 2006 was still lagging far behind public attitudes (especially Ireland and Italy, but also Austria and Malta), have legally made up for that by 2015/2016. All this would ...
When you alert creditors to the death, you can avoid dealing with debt collectors in the future. Here are some common terms that may help you understand what happens to credit card debt when someone dies. Probate: Probate is the common legal term for the handling of a decedent’s affairs....
Things are slightly different with a401(k). You will still complete a form that designates who receives your benefits when you pass away. If you’re married, though, the law says your spouse becomes the recipient. Even if you’ve beenlegally separatedfor years and now live with somebody els...
When a spouse dies, each of their assets transfers to theirbeneficiary, who is typically their surviving spouse. Unlike Social Security benefits, which have an automatic survivor benefit, retirement plans require account holders to choose their beneficiaries. These beneficiary designations take precedence...