You’ve done all your homework and made sure your assets are going to be distributed to your heirs, but what about your credit card debt? And what happens when you have more debts than assets? Get the lowdown on how the courts resolve your debt(s) when you pass away. If you are like thousands of…
When a family member passes away, the last thing grieving relatives need are calls from lenders and collection agencies. There are a lot of federal and state laws forbidding abusive, unjust, or deceptive debt collection methods. These laws safeguard borrowers while still living and relatives following a loved one passing away. This post provides answers…
When a loved one passes away, especially following a lengthy illness, relatives often worry about managing debts following their passing. Are they going to be responsible for paying any of their debts? Are there enough funds in their financial institution to cover those debts? Or will the debts be reprieved following death? This post discusses…
