I have seen families experience real financial hardship upon a loved ones death. This does not have to be the case if advance planning is done. One way to address an estate's solvency is through insurance.
It is important to make sure the estate has liquid assets (cash) to cover the debts and taxes of the estate. One of the best ways to handle the liquidity is with insurance. Insurance can provide that protection for many people.
Contact our offices at www.ythlaw.com for help with your estate planning, probate and elder law needs, www.ythlaw.com
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