Inheritance & Probate
What happens if the deceased had debts greater than the estate value?
The estate is insolvent. Heirs are not personally liable for the deceased's debts beyond the value of the estate they receive. A court-appointed liquidator may be appointed to manage creditor claims.
From the full guide: Distributing an Israeli Estate: A Practical Guide for Foreign Heirs
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Get a Free Consultation with Adv. Eli ShimonyPrepared under the direction of Adv. Eli Shimony, Eli Shimony Law Office · Editorial policy
Get a Free Consultation with Adv. Eli ShimonyPrepared under the direction of Adv. Eli Shimony, Eli Shimony Law Office · Editorial policy