Do Beneficiaries Have To Pay Creditors Out Of Their Own Pocket If The Estate Is Insolvent?

Video Transcription:

If the estate is insolvent, then Florida Statutes has a mechanism by which to pay creditors’ claims by class. Once all of the creditors have been paid and there’s still creditors left over, no beneficiary, nobody else is charged by law to have to pay those creditors’ claims. Have more questions? Then contact us today to schedule a free consultation! Doane & Doane Top rated Tax & Estate Planning Attorneys