Real Estate Investor December 2022/January 2023 | Page 110

WILLS & ESTATES

Before looking at the “ fine print ” of the cost of dying , there are two main points you should determine :

1 . If your Estate is solvent and If there is enough liquidity in your Estate to settle it .
2 . The reason being , that an Estate may be solvent , but not liquid enough to pay for all the legal and other fees required to wind up your Estate . It may then happen that the Executor must sell some of the assets to cover the legal costs .
The good news is that with a Legacy Protection PlanTM from Capital Legacy , all your legal costs associated with death can be covered .

A SOLVENT ESTATE :

To determine if your Estate is solvent , you must deduct your liabilities from your assets . If the total of your assets is more than your liabilities , then your Estate is solvent .

A LIQUID ESTATE :

An Estate is liquid if there is enough money available to pay for the