Are heirs responsible for debts?

Answer On One Hand: Heirs Not Responsible for DebtIf an individual dies in debt his family members cannot be required to pay any of his debt with their own money. Debt is not transferred to family unless ... Read More »

Top Q&A For: Are heirs responsible for debts

Can you be responsible for a spouse's debts?

On One Hand: Romance and FinanceWhen couples get married, they often look forward to sharing many things together. Unfortunately, a huge amount of debt or accumulated debt during the marriage is no... Read More »

Am I Responsible for My Deceased Husband's Debts?

Handling the debts of a deceased spouse can be tricky. A few accounts, such as federally governed employer-sponsored retirement plans, 401k plans, 403b plans and traditional benefits plans are cove... Read More »

Are parents responsible for children's debts?

On One Hand: Becoming Finanically InvolvedParents are only required to pay the debts for which they have co-signed or co-borrowed with the child. This includes student loans that parents borrowed o... Read More »

Are you responsible for a dead person's debts?

On One Hand: You're Not Responsible for a Dead Person's DebtsAccording to the Federal Trade Commission (FTC), surviving relatives of a deceased person are usually not responsible for that person's ... Read More »