How to Manage Debt After a Family Member Dies Dealing with the death of a loved one is an incredibly difficult and emotional experience. Aside from the emotional toll, there are also practical issues that need to be addressed, including managing any outstanding debts left behind by the deceased family member. Here are some important steps to take in order to effectively manage debt after a family member’s death. 1. Notify Creditors and Financial Institutions The first step in managing debt after a family member dies is to notify their creditors and financial institutions. Contact each lender individually to inform... View Article
What Are The Executors Of Estate Responsibilities? When someone passes away, their assets and affairs need to be taken care of and distributed according to their will or the laws of intestacy. This responsibility falls on the shoulders of the executors of the estate. Executors play a crucial role in the probate process, ensuring that the deceased’s wishes are carried out and that their assets are distributed appropriately. In this blog post, we will delve deeper into the responsibilities of executors of estate. 1. Locating and Securing Assets: The first and foremost responsibility of an executor is to locate and... View Article
What Is An Advance Directive Document? An advance directive is a legal document that provides instructions about the medical treatment you wish to receive or avoid if you become incapacitated and are unable to make decisions for yourself. Advance directives are an important tool for anyone who wants to ensure that their healthcare wishes are respected and followed, regardless of their ability to communicate those wishes themselves. In this blog post, we’ll discuss what an advance directive document is and why it’s essential to have one. What Is an Advance Directive? An advance directive is a legal document that outlines... View Article
What Are Special Needs Trusts? A special needs trust, also known as a supplemental needs trust, is a type of trust designed to protect the assets and ensure the financial security of an individual with special needs. Special needs trusts are essential because people with disabilities often require significant medical care and assistance, which can be expensive. In this blog post, we will discuss what special needs trusts are and how they can be used to support an individual with special needs. What is a Special Needs Trust? A special needs trust is a legal arrangement where a trustee holds... View Article
What Changes Are Affecting Elder Law in 2023? Elder law is a branch of law that deals with legal issues that affect the elderly. It encompasses a wide range of legal matters such as estate planning, guardianship, long-term care planning, and government benefits. The elderly population is growing at an unprecedented rate, and this has led to a growing need for specific legal services that cater to the elderly. 1. The Population of Senior Citizens is Increasing According to the United States Census Bureau, the number of Americans aged 65 and older is expected to reach 73 million by 2030.... View Article
