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What is the best option for property will?

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fredwaltz Joined: 17 Aug 2009 Posts: 60 1.12 Dollars($)	Posted: Thu Aug 20, 2009 10:21 am    Post subject: What is the best option for property will? Like 0 Dislike 0 My father is having a good property in NJ.But he is having bad debt from near and dear one, from some of his friends. Now my father is planning to prepare a will, but all these bad loans are popping up, should he keep separate pie for these loans in property or insurance amount will take care of it?
adonis Joined: 22 Oct 2005 Posts: 10250 Location: ALASKA 1043.57 Dollars($)	Posted: Thu Aug 20, 2009 11:16 pm    Post subject: Like 0 Dislike 0 Hi fredwaltz, A will can help your father in distributing his property amongst his heirs. Once the property is inherited by the heirs, they can pay off the loan. Or else, he can keep a separate amount to pay it off or his insurance can take care of them. _________________ Procrastination is the enemy of your financial success

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