Category:
Family

Can You Inherit Debt?

By Robert Shaw | November 7, 2024

There’s an old saying that the only one who sticks closer to you in adversity than a friend is a creditor. It may seem especially true for those who must…

Make Sure Your Family Has a Disaster Plan

By Joey Johnston | August 29, 2019

June 1 marks the beginning of hurricane season. Meanwhile, across much of the Western U.S., major droughts have greatly increased the danger for summer wildfires. And don’t forget last winter’s…

How the “Sandwich Generation” Manages Raising Kids While Caring for Elderly Parents

By George Morris | May 13, 2019

American culture has created names for various age groups based on when they were born. Baby Boomers. Millennials. Generations X and Y. But another demographic has emerged based on what’s…

Debt a Big Problem for Marriages

By Joey Johnston | June 29, 2018

What are the most devastating words spoken in a marriage? (Multiple choice): A) “I’m seeing someone else.” B) “I totaled the car.” C) “I just put $36,000 on our Visa…

How to Talk about Money Before Marriage

By George Morris | June 12, 2018

So, things are going great in your romantic life. Your partner is awesome. Sunshine and rainbows are everywhere. Here, finally, is the one you cannot live without, who also cannot…

Household Debt Approaches Record High

By George Morris | April 12, 2017

America loves a good comeback story, like Robert Downey Jr. overcoming all sorts of addictions to become one of Hollywood’s biggest stars or Martha Stewart emerging from jail to become…

How to Save Money on Childcare Costs

By Joey Johnston | November 30, 2016

Sara Greenwood works at a bank. Her husband travels frequently for his job. Their parents live in different states. The couple has two boys, ages 2 and 4. So how…

What to Know Before Co-Signing a Loan

By George Morris | August 31, 2016

We all love our kids, right? Sometimes the trick is knowing the best ways to show that love. And for the kids, it’s important to recognize that your parents are…

How To Rebuild Credit After Divorce

By George Morris | November 9, 2015

If you and your soon to be ex-spouse have good credit, you should take the following steps. Close all joint accounts. If your name is still on the account, you…

Save Money On School Folders & Binders

By George Morris | November 3, 2015

Back-to-school shopping is expensive. Save money this new school year by reusing up your old plastic folders, dividers, and binders. Reusing what you already have will help save you big bucks…

Sources:

  1. A. (2023, August 2) Does a person’s debt go away when they die? Retrieved from https://www.consumerfinance.gov/ask-cfpb/does-a-persons-debt-go-away-when-they-die-en-1463/
  2. A. (2023, September 5) Can You Inherit Debt? Retrieved from https://www.metlife.com/stories/legal/can-you-inherit-debt/
  3. A. (ND) Debt Collection FAQs. Retrieved from https://consumer.ftc.gov/articles/debt-collection-faqs
  4. Luftman, D. (ND) Do you inherit your parents’ debts? A Guide to Debt Inheritance. Retrieved from https://trustandwill.com/learn/can-you-inherit-your-parents-debt
  5. A. (ND) How to get a certified copy of a death certificate. Retrieved from https://www.usa.gov/death-certificate