How the Statute of Limitations Impacts Debt in California - and Why It Matters for Your Estate Planning
When people think about estate planning, they usually picture dividing up property, naming beneficiaries, or deciding who will take care of their kids. Very few people stop to think about what happens to their debt. But the truth is, debt doesn’t just vanish when you’re gone. It can follow your estate, and if it’s not handled correctly, it can cut into what your family actually inherits.
This is where the statute of limitations on debt comes in. It’s not the most exciting topic, but it’s one of those laws that can make a big difference—both while you’re alive and later when your estate is being settled. Let’s break it down in plain English.
