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Friday, December 3, 2010

Abatement: What to do if there are insufficient assets in the estate to follow the testator's wishes

This article from All About Estates discusses what can happen when there are not enough assets in the estate to pay out all the beneficiaries according to the Will. It also mentions how sometimes people bring this situation on themselves by doing home-made planning such as putting assets in joint names, without looking at the big picture. Click here to read the article.

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