Legal Question in Wills and Trusts in Florida
My beneficiary is not related. I have a lot of personal debt. Will she be responsible for paying that debt
Thank You
Linda Fox
Asked on 10/12/09, 9:14 am
2 Answers from Attorneys
Richard Stoffels
Stoffels Law Group
No. Your debts will be paid out of the assets of your estate. If you debts are greater than the assets of your estate, your beneficiary will not receive any property from you, but she will not be liable for your debts solely because of her status as a beneficiary.
Answered on 10/12/09, 9:40 am
Alan Wagner
Wagner, McLaughlin & Whittemore P.A.
No. She does not receive anything, though, until the debts are paid from the estate -- assuming the creditors file a claim (many may not).
Answered on 10/12/09, 1:58 pm
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