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Fin Plan Oct 2010 - "When Someone Dies, Who Pays the Debt?"

Fin Plan Oct 2010 - "When Someone Dies, Who Pays the Debt?"

Fin Plan Oct 2010 - "When Someone Dies, Who Pays the Debt?"

Excerpt


When Someone Dies, Who Pays the Debt?


Although no one likes to think about end-of-life issues, it’s always best to educate yourself on the fine points of estate planning to ensure a smooth transition for your beneficiaries. Given the current economy, how are credit cards and other loans paid off if a person dies and leaves outstanding debt? Are they paid from the estate before beneficiaries receive their inheritances? 


 




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