Back to Glossary
Secured Debt
Debt that requires collateral.
Typically, these include items such home, car and business loans.
During Probate this type of Debt is either transferred to Heirs or Beneficiary, or paid off prior to distribution.
Typically, these include items such home, car and business loans.
During Probate this type of Debt is either transferred to Heirs or Beneficiary, or paid off prior to distribution.