When someone passes away leaving debts behind, you might be wondering if you have any personal liability to pay them. If you have aging parents, for instance, you may be worried about having to assume responsibility for their mortgage payments, … Continue reading →
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A fiduciary deposit account is an account that’s owned by one or more persons but managed by another. The owner is known as the principal, while the manager is known as the fiduciary. These accounts are sometimes used to handle … Continue reading →
The post What Is a Fiduciary Deposit Account? appeared first on SmartAsset Blog.
A will is an important part of your financial plan. When you create a will and testament, youâre creating a legal document that determines how your assets will be distributed once you pass away. You can also use a will … Continue reading →
The post Who Can and Cannot Witness a Will? appeared first on SmartAsset Blog.