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Daily Archives:Friday, September 4, 2015

Factoring Debt Into Your Estate Planning

September 4, 2015

Statistics show that the average middle income person in Florida around age 50 carries more debt than ever before. This can be a challenge when they pass away and their estate is divided. Though debt collectors cannot go after survivors to collect unpaid liabilities, they can get the unpaid funds from assets in your estate. If you have debt, any unprotected property is promptly sold to pay off the money that you owe. This can eat a deep hole into any inheritance that you were hoping to leave, or even wipe out your estate entirely….