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Posts tagged "surviving spouse"

Liability for credit card debt when cardholder dies

If a Nevada resident dies with an outstanding credit card balance, what happens to that obligation? The answer to that question depends on the circumstances surrounding the balance and if that person was the only one who was obligated to repay that debt. In most cases, the estate of the deceased person is required to pay that debt if there are sufficient assets to do so.

The estate planning process can lead to questions

On any given day in Nevada, babies are born, couples get married and individuals take their final breath. While two of these events are often joyous occasions, many do not like to dwell on the certainty of death in the future. All three of these events typically involve some sort of planning and preparation, along with a number of questions to be answered. The estate planning process has its own particular set of questions and concerns that should be addressed prior to one's final departure.

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