While this case is unusual both for its circumstances and the media attention it has received, it highlights a somewhat common occurrence. It is not all that unusual for an estate to have more debts than assets, especially when the deceased faces civil lawsuits. Unfortunately, what that normally means is that estate creditors do not receive full compensation as it is not the responsibility of anyone else to pay the deceased’s debts.

Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 40 years.
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