It doesn’t pass on debt, but it does gobble up any assets you may hope to pass on as inheritance. You can’t inherit debt (yet) but debt must be paid off from the estate before anything else.
There are ways to protect your assets from that as well. Also, it’s probably more appealing to someone like me who expects to have very little in assets when I die.
It doesn’t pass on debt, but it does gobble up any assets you may hope to pass on as inheritance. You can’t inherit debt (yet) but debt must be paid off from the estate before anything else.
There are ways to protect your assets from that as well. Also, it’s probably more appealing to someone like me who expects to have very little in assets when I die.