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Legal and Financial Protection

What if I find out the deceased had a hidden debt or financial problem?

Short answer

Do not pay it immediately. Assess whether the estate is solvent (assets exceed debts) or insolvent (debts exceed assets). If the estate is insolvent, an attorney can help prioritize which debts get paid in what order. You are not personally responsible for…

What this usually means

Do not pay it immediately. Assess whether the estate is solvent (assets exceed debts) or insolvent (debts exceed assets). If the estate is insolvent, an attorney can help prioritize which debts get paid in what order. You are not personally responsible for the estate's debts simply because you are a family member.

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