Tag Archives: common types of debts
Can Your Parents’ Debt Be Inherited?
Sometimes, parents leave behind more debt than assets. What happens when a parent leaves nothing but debt? Are you liable for their financial choices? Debts you could be responsible for A beneficiary is not individually responsible for a debt of the estate. However, if and when the asset is no longer part of the estate […]
What Happens to Debts After You Pass Away?
Are you wondering what will happen to the debts you owe once you are no longer around to pay them? This depends primarily on the types of debts you have and the laws in your area about how those debts should be prioritized. Below is a quick overview of some of the most common types […]