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)
- Beware of Do-It-Yourself Legal Forms - February 27, 2020
- Interaction between Education Savings (“529”) Accounts and ABLE Accounts - February 25, 2020
- What You Need to Know about Medi-Cal - February 25, 2020
Leave a Reply
You must be logged in to post a comment.