Remind Me Why I Need a Will
Posted on May 13, 2021 by shieldsandboris
A will is a legal document that allows you to decide what happens with your estate after you passed away. Unfortunately, not all people consider creating one because they think that it’s complicated and just an extra expense.
What’s Happening to the Estate Tax?
Posted on May 12, 2021 by shieldsandboris
Under current rules, the federal estate tax won’t ever affect you, unless you’re quite wealthy. However, that could change rapidly, even if you are far from rich.
Why Won’t IRS and Social Security Administration Like My Power of Attorney?
Posted on May 11, 2021 by shieldsandboris
Every estate plan should have a power of attorney, in which you give one or more people authority to act as agents on your behalf, when you aren’t able to. Every estate planner and guide to estate planning will tell you that. What few will tell you is there are at least two important instances when the power of attorney (POA) won’t be recognized and followed.
Does My Family have to Pay My Credit Cards when I Die?
Posted on May 10, 2021 by shieldsandboris
Especially with the average U.S. household having $7,027 in revolving credit card debt and Americans owing a total of $416.1 billion in credit card debt, according to a recent Nerdwallet study, some Americans will have credit card debt for the rest of their lives. However, what happens to credit card debt when you die?