Will Clause Debt Explanation

Summary

A will clause requires that any debts related to post-secondary education incurred before death be paid from the estate. This includes both outstanding and accumulated debts. The executor is responsible for settling these debts before distributing the remaining assets to beneficiaries. Understanding this clause is crucial for proper estate planning and ensuring that all financial obligations are met before asset distribution.

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in this case, is the debt only outstanding or accumulated
In this context, the clause refers to any debts related to post-secondary education incurred prior to the person's death. This includes both outstanding debts (those not yet paid off) and accumulated debts (the total amount incurred). The executor must pay these off before distributing assets.