An unsecured loan is a loan that doesn't require collateral and instead is based on the credit history of the borrower. Unsecured loans are known to have higher rates of interest and as such are a more costly form of borrowing. Executors who are settling an estate with unsecured loans should consider resolving these higher interest rate loans earlier to reduce interest fees incurred by the estate.
What you need to know
A probate guide written for people who aren’t lawyers
Probate is notoriously confusing. Small estate affidavits, formal vs. simple administration, executors & executrixes— there’s more than enough jargon to make your head spin. We get it, and that’s why we made a probate guide that actually tells you what you need to know without assuming anything. You’ll walk away with a tangible timeline, actionable next steps and real clarity on what probate actually means for you and your family.
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