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Funeral
Paying for a Funeral

Paying for a Funeral

Recent research carried out by Sun Life Direct has discovered that around one in ten people have difficulty meeting the costs associated with the funeral of a loved one, with many seeking external funding to help.

Debts After Death

Debts After Death

When thinking about calculating the value of an Estate after a person’s death, we naturally assume that there will be enough left to distribute between the Executors and loved ones or charities, after all bills have been paid.

Unfortunately, this is not always the case, and in many instances, the person’s debts far exceed the value of their Estate, making them in effect, insolvent. This scenario is perhaps more common than you may think and can result from poor financial decision making or simply be a reflection of the weak economy at that time.