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What Happens to an Estate with No Assets?

Lady calling creditors. She is dealing with an estate with no assets.

When a person passes away with no assets, their estate is considered insolvent. This means that there is not enough money or property to cover any outstanding debts or expenses. In this post, we’ll explore what happens to an estate with no assets and what steps may need to be taken. Understanding the concept of […]

Revocable Trust vs. Living Trust: What’s the Difference?

Image of young lady with question marks. Asking what is difference between a Revocable Trust vs. Living Trust.

Trusts can be an effective way to manage your assets and ensure they are distributed according to your wishes after you pass away. However, there are different types of trusts, including revocable and living trusts. Understanding the differences between a revocable trust vs. living trust can help you make an informed decision about which one […]