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ENCUMBRANCES CAN DRAMATICALLY ALTER ESTATE PLAN RESULTS

By Charles Rubin

When a testator specifically leaves real estate or other property under his estate planning documents, and that property is encumbered by debt, it is important that the estate planner determine the testator's desires as to the debt and make proper provision for it. This is because the treatment of that debt at death can dramatically impact both the recipient of the property and the residuary beneficiaries of the estate. For example, if the recipient of the property is to receive it free and clea read more

Full post as published by Rubin on Tax on April 10, 2008 (boomark / email).