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 »

Who is responsible for the debts of a deceased individual?

Generally, the executor of a deceased individual's estate is responsible for paying off any debts left by that person using funds from the individual's estate. Debts that are not held jointly by 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 »