One of the biggest debts most people will have is a mortgage; it's scary to think that if anything happens to you, that this huge debt could be left for your loved ones to bear the burden. When acquiring a mortgage through a bank, you will undoubtedly be offered mortgage insurance at the same time. It sure seems convenient -you go in for a mortgage & after a few quick questions, come out with insurance. But is it the best choice?

Probate can be a costly process, but perhaps a necessary one if no will exists. In that case, there is a loss of control over the manner and timing of asset distribution. There are planning methods that will allow your estate to legally avoid probate, but it isn't the best solution in all situations. This is where you need to call in the experts for your individual situation.