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Estate Planning

: Wills, Trusts & Estates Prof Blog

Should survivors take on personal liability for a decedent's debts?

By Trusts EstatesProf

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Financially, death is like the final bankruptcy. The decedent's creditors submit their claims and the personal representative pays them to the extent possible with the decedent's assets. But, if the estate is insolvent, creditors go unpaid. An argument is now...

Full post as published by Wills, Trusts & Estates Prof Blog on February 09, 2009 (boomark / email).

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