Use Your Will To Dictate How To Pay Your Debts.
By: Elder Law Answers - March 14, 2018
- Secured debt is debt that is attached to a piece of property or an asset, such as a car loan or a mortgage.
- Unsecured debt is any debt that isn't backed by an underlying asset, such as credit card debt or medical bills.
** Disclaimer Required by IRS Circular 230** Unless otherwise expressly approved in advance by the undersigned, any discussion of federal tax matters herein is not intended and cannot be used 1) to avoid penalties under the Federal tax laws, or 2) to promote, market or recommend to another party any transaction or tax-related matter addressed.