Are you responsible for your deceased parent's credit card debt?

Answer On One Hand: You Are Not ResponsibleIf your parent passes away, you are not responsible for their credit card debt. Some collection agencies may try to convince you otherwise, but the United Nation... Read More »

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Can Children Be Held Responsible for the Reverse Mortgage of Deceased Parents?

Whether or not a reverse mortgage is a good thing may depend on your perspective. If you are a senior who owns a home and is on a fixed income, it can be a veritable lifeline. If you are the childr... Read More »

Is the spouse of a deceased credit card holder responsible for their debt?

On One Hand: Situations Where You Are Responsible.Community states are those that consider debt to be a community responsibility; that is, the responsibility of the family. If your spouse dies and ... 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 a deceased person's debt?

The executor of the estate, as named in the will, is responsible for paying a deceased person's debt. In the absence of a will, the spouse is responsible, in many states. If there is neither a will... Read More »