What Happens to Your Debt When You Die?

What Happens to Your Debt When You Die?
What Happens to Your Debt When You Die?

Dear Senior, Can my kids inherit my debt after I die? I have taken on a lot of credit card debt over the past 10 years or so, and I’m worried that my son and daughter will get stuck with it when I die.

Indebted Senior

Dear Indebted, In most cases when a person with debt dies, it’s their estate, not their kids, that is legally responsible. Here’s what you should know.

DEBT AFTER DEATH

When you die, you…