If the estate is declared bankrupt by the court the heirs receive nothing and the creditors are out of luck.

If the estate is declared bankrupt by the court the heirs receive nothing and the creditors are out of luck.

If the estate is declared bankrupt by the court the heirs receive nothing and the creditors are out of luck.

If the estate is declared bankrupt by the court the heirs receive nothing and the creditors are out of luck.

It would be a good idea. It allows the estate to close all the debts and provide the legal closure.

It does not affect your life estate. But the title to the property can be sold or transferred, subject to the life estate.

I Broker whether is is a Stock Broker, a real Estate Broker ect... Can go personally Bankrupt just like anyone else. There are many Brokers out there that are doing this at the present time.

No, by many accounts she had an estate worth about $20 million when she died. She left all of her money to her daughter.