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Posts tagged "executor"

What happens to credit card debt when someone dies

When a person dies, all their property becomes part of an estate. A person's debts do not simply go away when a person dies. Credit card debts usually must be paid out of these assets before any of the assets can be distributed to heirs.

Artist heirs' lawsuit against agent's estate dismissed

Heirs of the American artist best known for inventing kinetic sculpture recently had a court rule against them in a fraud claim against the estate of the artist's longtime dealer. At least three of Alexander Calder's moving sculptures, known as mobiles, are housed not far from Fullerton, in Los Angeles.

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