What Happens to the Mortgage in an Estate?
Estate Making Mortgage Payments While most creditors must file a claim in court in order to get payment from an estate if the estate refuses to pay, a mortgage company ...
Creditors Must be Paid from the Estate
Satisfying Creditors Bills from credit cards, utility companies, and mortgage companies will continue to be sent until the creditors are informed of the debtor’s death. Once creditors are informed of ...
Veterans’ Benefits in Estate Planning
Burial Expenses for Service Related Death The U.S. Department of Veterans’ Affairs pays up to $2,000.00 for burial expenses for service-related deaths on or after September 11, 2001. Some or ...
National Cemeteries in New Jersey
Veterans’ Burial Benefits Each veteran and his/her spouse who has been honorably discharged and has had one day of active duty is entitled to a free cemetery property, a headstone, ...
HIPAA
HIPAA Protects Patient Privacy The “The Health Insurance Portability and Accountability Act of 1996” (also known as HIPAA) is a Federal Law which protects patient information from being shared with ...
Pet Trusts in Estate Planning
Pets Are Family While your pet may be your best friend, and may be more loving and reliable than most of your family members, when you die, your pets are ...
Probate in New Jersey
Simplified Probate in New Jersey In New Jersey, the county in which the decedent resided will have jurisdiction over the probate process. An executor can file a written request with ...
Joint Account vs. Payable on Death Accounts The main difference between a payable on death bank account and a joint bank account is the control of the account while the ...
Pay On Death Bank Accounts in Estate Planning
Pay On Death Bank Accounts Property and assets can pass to your beneficiaries without a will and without probate (the court process for closing an estate). One way to leave ...
What is a Trustee’s Duty?
Trustee Duties A trustee has a special duty to care for assets in a trust and to make sure the assets are used for the stated purposes in the trust ...