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Do Heirs Have to Pay Debts from an Estate?

What Does the Executor of an Estate Do?

First, debts in a person’s estate are payable from the decedent’s assets in the course of administering their probate estate or administering their living trust estate.

Estate Planning for Blended Families

Estate Planning

There are many different configurations of blended families. However, they are generally made up of married couples who have children from previous marriages or relationships.

Older Singles Can Plan to Protect Themselves

Spouse Dying

Aging solo is about those individuals who are widowed or not married, live alone and have no family or none they can count on. They are going through the last years of their lives on their own. It can be just fine until one’s health declines and the usual activities and access to friends get out of reach.

Does Divorce Have an Impact on Estate Planning?

Divorce

When you’re in the midst of a divorce, you’re probably not thinking about estate planning or your will. However, if you’re divorcing, you should think about the impact a divorce can have on an estate plan.

What Is Probate?

Probate

How this is handled now depends on the plans the deceased made when they were alive. For some people, that might mean probate.