August 13, 2004, Newsletter Issue #80: He that dies pays all debts.
Tip of the Week
If a person had an outstanding balance owed the creditor may try to harass the serving spouse to pay these debits.
Those that do not know better, might pay up. Check in your state (as this is not legal advice)however to see if that is required.
The state will `Probate" an estate of those without a will.
Or perhaps you could appoint a bank to `handle things. But you would have little say in the outcome.
"Where large sums of money are concerned, it is advisable to trust nobody." So said Agatha Christie. So, handle things yourself for piece of mind and to assure your requests are handled properly, and those who you wish to be taken care of are, period.
Don`t let your family overspend needlessly either. You can set up a Trotten Trust account (payable upon death account)
at your local bank, through us, with all of your choices that you plan for a funeral arrangement as well.
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