What Happens to Debt After Someone’s Death?
The last thing you want to leave your family with after your death is to leave them with additional struggles. Your family deserves the time to mourn without having to worry about a collection of financial issues during the process. No one wants the debts they carry in life to pass on to become a burden for their loved ones. Estate planning is complicated in any situation, but it’s particularly true when the deceased person had unpaid loans, underwater mortgages, or unsettled tax debt. There is no one answer for any situation – every person’s estate is unique. However, while