What Happens When You Die in Debt?
What happens when you die in debt? It’s a question that more and more Americans are probably asking themselves. According to Experian, U.S. consumer debt reached a record high of $14.1 trillion in 2019. This total includes $9.6 trillion in mortgage loans, $1.4...
Do You Really Know What Will Happen to Your Estate?
If you’re like many Americans, you don’t have an estate plan. Perhaps it’s because you don’t think you need one. You might assume that your assets are modest and your situation is simple, so you don’t need to bother with formal estate planning documents. This could be...
Total Failure Clauses: How to Prepare for Worst-Case Scenarios
Estate planning is all about preparing for the worst-case scenarios. You’re making plans for what you want to happen after you’re gone, and those plans include how you want your assets to be distributed. But what happens if your original wishes can’t be carried out...