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Are Heirs Responsible for Their Loved Ones’ Debts?

A loved one’s death can be a painful and confusing time. It can get even more confusing when having to deal with financial matters, including outstanding debt. What happens to a person’s debts when they pass away?

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Specifying What Happens to Your Remains

Whether discussing inheritance matters, end-of-life planning, or funeral wishes, talking about death is usually a tough conversation in most American families.

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What Happens During Probate?

When someone passes away, the process of inventorying and distributing their estate usually falls into the hands of a family member or close friend.

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Estate Planning Attorney vs. Online Templates

A survey by the website Caring.com found that, since the onset of the pandemic, young adults with a basic will in place surged by 63 percent. For the first time since the survey began, 18-to-34-year-olds in 2021 were more likely to have a will than were 35-to-54-year-olds.

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What is the Role of the Estate Executor?

Losing a family member can be an emotional and difficult time for their loved ones, relatives, and friends. Executors play a huge role in settling the decedent's final affairs and distributing assets to beneficiaries.

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Important Estate Planning Terms You Should Know

More than 30,000 probate cases are filed in California courts every year. Another 15,000 cases regarding conservatorships and guardianships are filed. Probate can go more smoothly or be avoided if you have a current estate plan in place.

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The Benefits of Creating an Estate Plan

No matter your age it is highly advised to plan ahead for your future. While it is fairly common for people to understand that they need to have a 401(k) to help plan for retirement, estate planning is an area that generally people understand less. Essentially, estate planning means that you are taking the beneficial steps to plan ahead for unforeseen tragedies in life.

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