Your Estate Matters
Episode 41 - How Do You Settle an Insolvent Estate? With Holly Palmer
10 Jul 2025
In this episode, Nicole and Greg welcome Holly Palmer, a licensed insolvency trustee with MNP, to discuss managing estates with more debts than assets. Holly explains the roles and responsibilities of executors, how creditor claims are prioritized, and the differences between secured and unsecured debts. The conversation also covers the importance of documenting family loans and clarifies when family members may be liable for a deceased person’s debts. Listeners gain practical insights into handling insolvent estates and the legal considerations involved in these complex situations.--Follow Holly Palmer:LinkedIn - https://ca.linkedin.com/in/holly-palmer-ab84838Website - https://mnpdebt.ca/en/personnel/holly-palmerFollow Heritage Trust:Instagram - https://www.instagram.com/heritagetrustbc/Website - https://heritagetrustcompany.ca/ Get the Essential Estate Planning Checklist for Canadians:https://www.estateclub.ca/estate-planning-checklist
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