What Happens if the Assets Are Not Enough?

By | Toronto Estate Law Blog | September 10, 2014
What Happens if the Assets Are Not Enough?

When there is a shortfall between what payments an estate is required to pay and the value of the estate, some problems can arise. Two such situations include: (i) when the estate assets are insufficient to satisfy the debts and (ii) when the estate assets are insufficient to distribute specific bequests.