What Happens to Ones Debt After Death?
When a spouse or loved one passes away, the grief can be overwhelming. While the initial priority is always getting your loved one laid to rest, the ensuing weeks bring an entirely new realm of issues. Getting things in order, especially financially, can be difficult and emotionally draining. You are probably not yet recovered from the shock of the loss and now you have to figure out how to settle the estate. While some things are fairly straightforward, other issues, such as credit card debt, are a bit more complex. What happens to credit card debt after death? Who is Responsible? When a debt is still active upon the holder’s death, the main question that arises is who gets to pay for it? There actually isn’t any easy answer to this question. It really depends on your particular circumstances and the laws of the state that the deceased resided in. Many credit card companies will immediately forgive debt when notified that the cardholder is deceased. However, that is not always the cas
