You may have recently heard the term “negative inheritance” in connection with elder law and estate planning. Essentially a sociological, rather than legal, term, the apparent meaning of the phrase is misleading. At first, it appears to refer to the unfortunate situation of dying while owing debt. However, it is easy to determine that this is not how things work, your debt is not transferred to your inheritors, at least not directly.
So, if “negative inheritance” does not mean passing on ...Continue Reading →