Downs Law Firm, P.C.
The pain of going into a timeshare deal is matched by the costs, aggravation, and confusion of getting out. The desperate owners are often elderly and anxious to spare their families from the need to dispose of these toxic assets. Timeshare scams are long-term answers to vacation desires.
When you hear the word trust fund, you might think of wealthy kids a big chunk of cash on their 25th birthday. However, trust funds aren’t just for the rich. They are flexible tools to protect your loved ones.
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?
Generally, when settling an estate, debts and expenses are paid first, charitable and spousal transfers follow, and applicable estate taxes are levied afterward.
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