Can I Inherit Debt?

When a loved one passes away, the last thing anyone wants to think about is money. Unfortunately, just because someone passes away, it does not necessarily mean that their debt also goes away. But where does this debt go? Technically, debts cannot be inherited-but some Read More …

Advantages and Disadvantages of Probate

What is Probate? Probate is a court-supervised legal process that follows an individual’s death, whereby a probate court will establish the validity of one’s will. During this process, the court essentially oversees the distribution of a person’s asset after their death. How does the Probate Read More …

Debt after Death: Who Takes on the Debt after a Debtor Dies?

Picture this scenario: You are approaching the end of your life, yet your balance sheet is in the red. You still have a significant sum you owe to an assortment of creditors. “Ah-ha!” you triumphantly think. “They can only take it while I’m alive. I Read More …