"What happens when a person who owes you money dies? Can you recover from what they own, or does it go to their heirs?"
... it primarily depends on what they own and how title is held... but here are some basic guidelines to take note of first:
The government offers various forms of financial assistance and medical care when a person is disabled or unable to provide for themselves (i.e., Medi-Cal and Supplemental Security Income (SSI)) and most people are unaware how a beneficiary receiving a large sum of inheritance might effect, reduce, or even sever government aid.
When a client wishes to make provisions for a loved one with special nee...
One of the primary reasons for creating and executing a Trust is to ensure that your
legacy is protected and your assets are passed to your chosen heirs after you pass, efficiently and inexpensively. While some people are leery of working with attorneys due to potential costs involved, attorneys are much less expensive now
Making 'end of life' decisions and arrangements can be a daunting task to think about but like many major life decisions it would be wise to plan ahead. Often times when a loved becomes incapacitated and an Advanced Health Care Directive (AHCD)...