Monday, March 9, 2009

Death Doesn't stop the Debt Collector

A recent article in the Business Section of the New York Times highlights one of the main reasons for Estate Planning, mainly the orderly paying of your debts so that your heirs or beneficiaries can enjoy their inheritance without being pursued by a decedent's creditors.

The article details in quite livid detail the extent to which collection firms start phone calls. It points out that these debt collectors do not bother to tell people upfront that often times they have no legal requirement to pay. Only after the person(s) being called inquire do they inform them of this fact.

To me it is one more reason to implement an attorney crafted Estate and Incapacity Plan. By designating an executor and successor trustee you are putting one person in charge of verifying and paying off any of your remaining debts including: outstanding credit card balances, medical expenses, and funeral expenses.




ABOUT CHRISTOPHER R. TWINING
Christopher R. Twining, Attorney at Law, based in the Westwood Neighborhood of Los Angeles is an innovative estate planning, probate & trust administration, and elder law attorney, who offers in home services for busy and movement challenged clients. The Law Office of Christopher R. Twining serves the cities of Los Angeles, Santa Monica, Culver City, Beverly Hills, West Hollywood, Pasadena, Burbank and the neighborhoods of West L
os Angeles, Westwood, Brentwood, Bel-Air, Pacific Palisades, Palms, Pico-Robertson and Encino. Dedicated to helping individuals and couples prepare comprehensive estate plans according to their wishes; he offers them these services at an affordable price, in the relaxed comfort of their homes. For more information about his services, please visit http://www.twininglaw.com or call (310) 492-5990.

CHRISTOPHER R. TWINING
LAW OFFICES OF CHRISTOPHER R. TWINING
1440 VETERAN AVENUE, SUITE 509
LOS ANGELES, CALIFORNIA 90024
(310) 492-5990 Fax (310) 775 - 9774
http://www.twininglaw.com
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