Spiro J. Verras Blog

Friday, May 15, 2015

Do Heirs Have to Pay Off Their Loved One's Debts?

You cannot inherit debts. Probate serves as a sort of bankruptcy, in which the creditors of the deceased have a final opportunity to be paid from the non-exempt assets of the estate before the assets are distributed to the beneficiaries.

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Wednesday, May 6, 2015

Which Business Structure is Right for You?

Choosing the right entity for your business can impact management, tax treatment, asset protection, and estate planning, and should be a decision you make with the advice of an attorney.

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Wednesday, April 22, 2015

What to Do after a Loved One Passes Away

The loss of a loved one is one of life's most painful traumas, and handling the affairs of the deceased can make it even more stressful. 

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Monday, April 20, 2015

Medicare vs. Medicaid: Two Different Government Programs With Confusingly Similar Names

Medicare provides senior citizens with health insurance regardless of their finances while Medicaid provides health care to the poor.

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Sunday, April 19, 2015

Pluses and Minuses of Dual Citizenship

If you are eligible to become a citizen of more than one country, you should weigh the potential risks and benefits it entails.

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Wednesday, March 4, 2015

Retirement Accounts and Estate Planning

Although inheritance is generally not subject to income tax, that's not the case with tax-deferred retirement accounts, on which the taxes deferred by you must be paid by your beneficiaries...

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Monday, February 23, 2015


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