What Happens To Your Debts After Your Death?

Many of us have experienced this already, and others will sometime down the road. Who is responsible for the debts incurred by our loved ones- once they die?

This is a question addressed in an informative article written by Patricia Amend- a lifestyle writer and editor for 30 years. She was a staff writer at Inc. magazine; a reporter at the Fidelity Publishing Group; and a senior editor at Published Image, a financial education company that was acquired by Standard & Poor’s.

She answers the five basis questions of:

1.) Who pays the outstanding bills?

2.) Are there exceptions?

3.) Differences in estate matters- per state of residence

4.) Avoid mistakes

5.) What to do about debt collectors

We have provided a link to this article for your consideration, to try to get answers to these issues before having to deal with this difficult chapter in the life of your family.

Here is our link to the AARP article, written by Patricia Amend. CLICK HERE: