The Hierarchy of Creditors

The Hierarchy of Creditors

When a person passes away and they owe more money than they have, Florida law controls which creditors get paid first. Each creditor is ranked by class, and creditors of the highest class are paid in full before lower subsequent creditor classes. This procedure...

Aretha Franklin Passes with No Estate Plan in Place

CNN recently reported that Aretha Franklin died without a will or trust in place.  By failing to plan, there will be serious financial, privacy and time issues for those dealing with her estate. Why did Ms. Franklin need an estate plan?  How would it have helped:...