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How to Avoid Being Overcharged for a Funeral

How to Avoid Being Overcharged for a Funeral

For the funeral industry, the COVID-19 pandemic has meant flush times. Revenues have surged at Service Corporation International, the largest such chain in the U.S., with more than 1,500 funeral homes and 400 cemeteries. And “COVID impact,” according to a recent investor fact sheet, helped SCI more than double its earnings per share between 2019 …

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How to Stop Creditors From Calling on a Deceased Person

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Your loved one has died, and creditors start calling on outstanding debts. It’s not fun but dealing with this is easy. I typically advise people to get as many certified copies of the death certificate as they need for outstanding creditors. When my parents died and creditors called, the process was simple: Advise the creditor …

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Dealing With The Debts Of Someone Who Has Died

Depending upon the circumstances, grief can be all-consuming, and having to face the complexities of dealing with leftover debts can feel like an insurmountable challenge. This is a general guide to assist you in better understanding how to manage a deceased person’s debts. If you remain unsure or generally feel overwhelmed by the task, it’s …

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You Should Die Before You Pay Off Your Student Loans: Estate Planning for Elderly Student-Loan Debtors

Steve Rhode posted an essay yesterday titled “Make Sure You Die Before Your Parent Plus and Federal Student Loans Are Forgiven.” As Mr. Rhode explained, the federal government cancels all unpaid student loans owed by debtors who die before their loans are repaid. The canceled debt is not a burden on the deceased debtor’s estate. …

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My Father Died Recently. Is My Mother Responsible for His Credit Card Debt?

“Dear Steve, Dad recently passed away. He had one credit card in his name, with mom as an authorized user. Balance on the card is approx 10K. They live in WA state, which is generally a community property state, however they legally disolved the community property agreement and all assets were put in moms name …

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