Paying the Debts of an Estate

When someone passes away, his or her debts become a part of the estate and must be paid. This is one of the jobs of the executor or personal representative. If you are administering an estate, you need to know how to pay the estate’s creditors.

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Princeton’s Largest Ever Bequest

A university as old as Princeton has received many bequests, but perhaps none quite as magnificent as a recent bequest that is the largest Princeton has ever received. The university recently revealed the contents of the $300 million bequest. Some amazing treasures are included.

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Infant’s Inheritance Disclaimer Blocked

If someone does not wish to receive a specific inheritance, they can disclaim it. However, what happens if the person is a minor? It is up to the parents to disclaim the inheritance on the minor’s behalf. Recently, a Brooklyn judge rejected one parent’s attempt to do that.

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Why You Need an Ethical Will

Many people today are choosing to have two wills. One will is a traditional will that decrees how property should be divided. The other will is called an ethical will. It passes down life advice and wisdom.

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Estate Planning and Cohabitation

More and more young Americans are choosing not to get officially married, but living together as unmarried couples. This trend creates special needs in estate planning for these couples.

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Different Types of Trusts

While all trusts share some similarities, there are many different types of trusts that you can use as part of your estate plan. For that reason, it is helpful to know what some of your alternatives are if you are considering getting a trust.

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Mr. Cub’s Will Contested

Legendary baseball player Ernie Banks, known to fans as “Mr. Cub,” passed away recently. Now it appears that there are two disputes involving his passing, including a will contest.

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Now That’s Awkward!

  An awkward part of estate planning is telling your kids how much — or how little — they’ll get. Here’s how a financial planner can help. For clients, one of the most stressful aspects of estate planning — already an emotionally difficult process — is the prospect of telling heirs what they plan to […]

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How to Care for Aging Parents

Dealing with aging parents is not only tough emotionally, but financially. A Caring.com report found that nearly half of family caregivers spend more than $5,000 a year on caregiving, and 30 percent spend more than $10,000. Your parents may need help. Are you ready?

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