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Trusts & Estates

Mar. 27, 2003

Self-Canceling Installment Note Can Be Powerful Planning Tool

Focus Column - Probate Law - By Bruce Givner - Parents commonly use self-canceling installment notes to transfer property to their children.

        Focus Column

        Probate Law

        By Bruce Givner
        
        A self-canceling installment note is a promissory note with a special feature: If the payee dies before the note is paid in full, the unpaid balance is can...

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