The personal representative will have to determine if you left behind any debts and use your estate assets to pay them. If you left behind more debts than assets, you leave behind an insolvent estate. Learn more about Intestacy in Northern California in this presentation.
Timothy P. Murphy is an estate planning and elder law attorney whose practice emphasizes helping people to build, preserve and pass on their wealth. He works with his clients to accomplish their goals while avoiding unnecessary court proceedings and minimizing or eliminating exposure to death taxes.
Latest posts by Timothy P. Murphy (see all)
- The Top Three Other Documents Your Estate Plan Should Include - January 26, 2022
- Are Pay on Death (POD) Accounts a Good Idea? - January 24, 2022
- 5 Types of Assets A Will Does Not Cover - January 22, 2022
Leave a Reply
You must be logged in to post a comment.